US Patent Issued to Capital One Services on May 12 for "Systems and methods of reducing fraud for SMS OTP authentication" (Maryland, Virginia Inventors)

ALEXANDRIA, Va., May 12 -- United States Patent no. 12,627,982, issued on May 12, was assigned to Capital One Services LLC (McLean, Va.).

"Systems and methods of reducing fraud for SMS OTP authentication" was invented by Jeffrey Rule (Chevy Chase, Md.), Lawrence Douglas (McLean, Va.) and Jackson Macomber (McLean, Va.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for reducing fraud for SMS OTP authentication includes receiving, by a server from a plurality of participating entities, a plurality of phone numbers and a plurality of metadata associated with a user, and determining, by the server, a phone number tenure for each of the plurality of phone numbers, based on the plurality of metadata. The m...