US Patent Issued to Capital One Services on Oct. 7 for "Real-time updating of a security model" (Illinois, New York Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,301, issued on Oct. 7, was assigned to Capital One Services LLC (McLean, Va.).

"Real-time updating of a security model" was invented by Shriyans Lenkala (Carpentersville, Ill.), Jonathan Barbalas (Chicago) and Joel Mampilly (Flushing, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In some implementations, a device may receive exchange information associated with an exchange initiated by a medium that indicates a first location associated with the exchange and may enable the exchange to be completed. The device may transmit, to the user device, an indication of the exchange and a request to indicate whether the exchange is fraudulent. The device ...