US Patent Issued to U.S. Bancorp, National Association on Feb. 10 for "Systems and methods for implementing a nodal data structure for fraud ring detection" (California, Minnesota, Wisconsin Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,030, issued on Feb. 10, was assigned to U.S. Bancorp, National Association (Minneapolis).

"Systems and methods for implementing a nodal data structure for fraud ring detection" was invented by Christopher Kallas (Grafton, Wis.), Wentao Lu (Minnetonka, Minn.), Xiaoqiao Wei (Woodbury, Minn.) and Ding Ma (Thousand Oaks, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system includes one or more processors to generate a node graph; determine a first node of the node graph comprises a fraudulent flag indicating a first entity of the first node facilitated a fraudulent transaction; responsive to the determination, identify a set of nodes of the no...