US Patent Issued to MasterCard International on July 22 for "Systems and methods for incorporating breach velocities into fraud scoring models" (Canadian, American Inventors)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,367,494, issued on July 22, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Systems and methods for incorporating breach velocities into fraud scoring models" was invented by Joshua A. Allbright (Valley Park, Mo.), Amudhan Venkatesan (Vancouver, Canada), Felix Johannes Flory (Wildwood, Mo.) and Christopher John Merz (Wildwood, Mo.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and system for detecting fraudulent network events in a payment card network by incorporating breach velocities into fraud scoring models are provided. A potential compromise event is detected, and payment cards that transacted at a compromised entity ass...