Invention Grant
- Patent Title: Methods and arrangements to detect fraudulent transactions
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Application No.: US16112169Application Date: 2018-08-24
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Publication No.: US11080707B2Publication Date: 2021-08-03
- Inventor: Austin Grant Walters , Jeremy Edward Goodsitt , Fardin Abdi Taghi Abad , Reza Farivar , Vincent Pham , Mark Louis Watson , Anh Truong
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: Capital One Services, LLC
- Current Assignee: Capital One Services, LLC
- Current Assignee Address: US VA McLean
- Agency: Kacvinsky Daisak Bluni PLLC
- Main IPC: G06N3/08
- IPC: G06N3/08 ; G06Q20/40

Abstract:
Logic may detect fraudulent transactions. Logic may determine, by a neural network based on the data about a transaction, a deviation of the transaction from a range of purchases predicted for the customer, wherein the neural network is pretrained to predict purchases by the customer based on a purchase history of the customer. Logic may compare the deviation of the transaction from purchases predicted by the customer against a deviation threshold to determine whether the transaction is within the range of purchases predicted by the neural network. Logic may generate a notification in response to a determination that the deviation of the transaction from the range of purchases predicted exceeds a deviation threshold, the notification to identify the transaction as a potentially fraudulent transaction. Logic may train the neural network based on the transaction in response to a determination that transaction is not a fraudulent transaction.
Public/Granted literature
- US20200065812A1 METHODS AND ARRANGEMENTS TO DETECT FRAUDULENT TRANSACTIONS Public/Granted day:2020-02-27
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