AUTOMATED TRANSACTION CANCELLATION

Patent №

US 9,508,075

Granted

2016-11-29

Filed 2013

Owner

CELLCO PARTNERSHIP D/B/A VERIZON WIRELESS

Lab

AI components

3

ml · kr · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

14105573

A system that investigates, identifies and cancels fraudulent transactions comprises a fraud detection server that receives a first dataset indicating a quantity of fraud-transactions. The first dataset is generated at least in part by a fraud-score model. The system receives a second dataset including a quantity of false positive fraud-transactions from the fraud transactions. The system calculates a fraud error rate using the quantity of fraud-transactions and the quantity of false positive fraud-transactions. The system generates a new fraud-score model when the fraud error rate exceeds a predefined error rate.

AI classification

Machine learning0.99
Knowledge representation0.99
AI hardware0.94
Natural language0.32
Evolutionary computation0.14
Planning0.10
Vision0.06
Speech0.00

Ownership

CELLCO PARTNERSHIP D/B/A VERIZON WIRELESS

assignment · 317780964

Assignors

GECKLE, JONATHAN EVAN, ARNOLD, ROBERT E

On an employer assignment, the assignors are typically the inventors.

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