US Patent Issued to SONTIQ on Dec. 23 for "Electronic payment interception fraud detection and mitigation system" (Maryland Inventors)

ALEXANDRIA, Va., Dec. 23 -- United States Patent no. 12,505,449, issued on Dec. 23, was assigned to SONTIQ INC. (Nottingham, Md.).

"Electronic payment interception fraud detection and mitigation system" was invented by Brandon L Koehler (Sparks, Md.), Robyn S. Nolker (Fallston, Md.), Renarda B. Washington (Baltimore), Tara E. Bolt (Bel Air, Md.) and John P. Burcham (Ellicott City, Md.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Fraud detection within a special purpose hardware platform to detect payment interception of a first authentication file and initiate payment mitigation. A payee associated with a payee terminal device is verified as the intended recipient of the first authentication file, and the ...