The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 09, 2016
Filed:
Aug. 06, 2014
Amadeus S.a.s., Sophia Antipolis, FR;
AMADEUS S.A.S., Biot, FR;
Abstract
Methods, systems, and computer program products for screening transactions. Transactions stored in a transaction database may provide a statistical basis for determining a probability of fraud for a pending transaction. The cost of fraud may be determined for each of a plurality of possible actions based on the probability of fraud, and the action that provides the lowest cost of fraud chosen. A cumulative cost of fraud may be determined for a set of transactions in the database. If taking the action with the lowest cost of fraud for the transaction would result in a higher cumulative cost of fraud, an action having the higher cost of fraud for the transaction may be chosen. The transaction may be added to the database, and the probability of fraud adjusted based on an amount of time since acceptance of the transaction. The statistical basis may be optimized based on a cost error.