ALEXANDRIA, Va., Aug. 18 -- United States Patent no. 12,711,509, issued on Aug. 18, was assigned to Visa International Service Association (San Francisco).
"Systems and methods for improved fraud detection" was invented by Durga S. Kala (San Francisco), Kenny Tsai (San Francisco), Juharasha Shaik (San Francisco) and Aditi Khare (San Francisco).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method comprising providing a graphical user interface for user selection of fraud rules that comprises fraud transaction parameters determined based on transaction parameters included in a plurality of known fraudulent transactions. The GUI also comprises high risk merchants with a fraud rate that ex...