US Patent Issued to Block on Sept. 23 for "Real time fraud detection and intervention" (Canadian Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,703, issued on Sept. 23, was assigned to Block Inc. (Oakland, Calif.).

"Real time fraud detection and intervention" was invented by Hashiam Kadhim (Scarborough, Canada) and Cole Clifford (Stirling, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "In particular embodiments, techniques include a computer-implemented method including monitoring a plurality of real-time streams of content and a plurality of transactions in real-time. A machine-learning model trained to detect fraudulent transaction activity is used to determine that one or more of the real-time streams are associated with fraudulent transaction activity based on input correspondin...