US Patent Issued to STRIPE on July 28 for "Systems and methods for block rate matching when updating a machine learning model based fraud detection system" (California Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,694,444, issued on July 28, was assigned to STRIPE LLC (South San Francisco, Calif.).

"Systems and methods for block rate matching when updating a machine learning model based fraud detection system" was invented by Emmanuel Ameisen (South San Francisco, Calif.), Faye Ouyang (South San Francisco, Calif.), Seth Hendrickson (South San Francisco, Calif.) and Andrew Birck (South San Francisco, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and apparatus for machine learning model (MLM) based fraud detection of transactions are described. The method may include determining a first block rate of a first MLM that scores transactions, wherein th...