US Patent Issued to Mastercard International on June 23 for "Methods and systems for reducing false positives for financial transaction fraud monitoring using artificial intelligence" (California Inventors)

ALEXANDRIA, Va., July 15 -- United States Patent no. 12,664,555, issued on June 23, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Methods and systems for reducing false positives for financial transaction fraud monitoring using artificial intelligence" was invented by Fariborz Nadi (Fairfield, Calif.), Jose Qiu Chou (San Leandro, Calif.) and Yuanzheng Du (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for reducing false positives for financial transaction fraud monitoring using machine learning techniques. Using an original model for separating transactions into high risk and low risk categories for fraud, transactions falling into the high-risk category m...