US Patent Issued to American Express Travel Related Services on Aug. 25 for "Fraud detection using time-series transaction data" (Indian Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,248, issued on Aug. 25, was assigned to American Express Travel Related Services Co. Inc. (New York).

"Fraud detection using time-series transaction data" was invented by Manish Gupta (Bangalore, India), Avinash Tripathy (Gurgaon, India), Adit Agrawal (Bangalore, India), Madhan Rajasekkharan (Bangalore, India) and Abhinav Jain (Noida, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are various embodiments for leveraging deep learning-based recurrent neural networks (RNNs) using time-series data to evaluate fraud risk for an incoming transaction associated with a user account. Time-series attributes can be extracted from historical tra...