ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,249, issued on June 10, was assigned to Bank of America Corp. (Charlotte, N.C.).
"Detecting cloned payment cards" was invented by Joel Richard Townsend (Spring Church, Pa.) and Peter Kurrasch (Palatine, Ill.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Aspects of the disclosure relate to a payment device to detect real-time suspicious payment cards. Prior to a transaction, a payment device detects suspicious payment cards based on captured images and determined indicia of the payment card. An alert may be generated upon detection of any suspicious or fraudulent payment card. In some arrangements, the payment device may utilize machine learning mod...