US Patent Issued to MasterCard International on Sept. 23 for "Neural network based methods and systems for increasing approval rates of payment transactions" (Indian Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,702, issued on Sept. 23, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Neural network based methods and systems for increasing approval rates of payment transactions" was invented by Rajesh Kumar Ranjan (Madhubani, India), Garima Arora (Gtb Nagar, India), Debasmita Das (Kolkata, India), Ankur Saraswat (Gurgaon, India) and Yatin Katyal (Rohtak, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments of present disclosure provide methods and systems for increasing transaction approval rate. Method performed includes accessing transaction features and determining via fraud model and approval model, first and second set of r...