ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,464, issued on May 20, was assigned to Bank of America Corp. (Charlotte, N.C.).
"Detecting cloned payment cards" was invented by Peter Kurrasch (Palatine, Ill.) and Joel Townsend (Spring Church, Pa.).
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 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 models or machine learning capabili...