US Patent Issued to Visa International Service Association on Sept. 1 for "Computer-implemented method, system, and computer program product for detecting collusive transaction fraud" (Texas, California Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,158, issued on Sept. 1, was assigned to Visa International Service Association (San Francisco).

"Computer-implemented method, system, and computer program product for detecting collusive transaction fraud" was invented by Shi Cao (Austin, Texas), Chiranjeet Chetia (Round Rock, Texas), Liang Wang (San Jose, Calif.), Junpeng Wang (San Jose, Calif.) and Morvarid Jamalian (Saratoga, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for detecting collusive transaction fraud includes: generating a merchant baseline including a transaction data baseline and a time series baseline; extracting time series data of the first merchant system; gener...