US Patent Issued to Stripe on Sept. 15 for "Merchant specific machine learning model for fraud detection" (California, Washington, Texas Inventors)

ALEXANDRIA, Va., Sept. 15 -- United States Patent no. 12,737,764, issued on Sept. 15, was assigned to Stripe LLC (South San Francisco, Calif.).

"Merchant specific machine learning model for fraud detection" was invented by Logan Howard (San Francisco), Ryan Drapeau (Seattle) and Nathan Brasher (Austin, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A server computer system for detecting a fraudulent electronic transaction may be configured to receive a transaction associated with a merchant. The system processes the transaction with a first machine learning model that is trained specific to the merchant, to obtain a first fraud detection, and processes the transaction with a second machine learning mod...