US Patent Issued to Stripe on June 10 for "Machine learning for fraud tolerance" (California, Washington Inventors)

ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,250, issued on June 10, was assigned to Stripe Inc. (South San Francisco, Calif.).

"Machine learning for fraud tolerance" was invented by Caitlyn Chen (Saratoga, Calif.), Yucheng Tu (Seattle) and Amr Elroumy (South San Francisco, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In an example embodiment, a solution is provided wherein a machine learning model is to determine a likelihood that a transaction is fraudulent, but also a separate machine learning model is used to determine a suitable threshold for a merchant. This predicted suitable threshold can either be automatically applied to the merchant, or can be recommended to the merchant (a...