US Patent Issued to Stripe on Aug. 25 for "Systems and methods for efficient progressive fraud detection" (Washington Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,247, issued on Aug. 25, was assigned to Stripe LLC (South San Francisco, Calif.).

"Systems and methods for efficient progressive fraud detection" was invented by Ryan Lee Drapeau (Seattle) and Dulwin Eksith Jayalath (Seattle).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and apparatus for efficient and progressive fraud detection are described. Transactions are received by a server computer system and include attributes and transaction data. To determine whether a transaction is fraudulent, and thus should be rejected, a progressive fraud determination process is performed by the server computer system. The progressive fraud determination p...