Invention Grant
- Patent Title: Method, computer-based system, and non-transitory computer readable storage medium utilizing machine learning to prevent fraud with a digital wallet
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Application No.: US15863298Application Date: 2018-01-05
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Publication No.: US10885567B2Publication Date: 2021-01-05
- Inventor: Subhajit Bhattacherjee , Asish Soudhamma
- Applicant: AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
- Applicant Address: US NY New York
- Assignee: AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
- Current Assignee: AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
- Current Assignee Address: US NY New York
- Agency: Thomas Horstemeyer, LLP
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q30/06 ; G06Q20/40 ; G06Q30/02
Abstract:
A consumer may enter a physical merchant location. A reverse bidding system determines a confidence score that the consumer will make a non-fraudulent purchase of a product. The reverse bidding system performs an online price comparison. The reverse bidding system may transmit an offer to the consumer to purchase the product at the physical merchant location for a discounted price.
Public/Granted literature
- US20190213658A1 REVERSE BIDDING PLATFORM Public/Granted day:2019-07-11
Information query
