US Patent Issued to Walmart Apollo on Jan. 13 for "System and method for risk evaluation for store transactions" (California Inventors)

ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,524,767, issued on Jan. 13, was assigned to Walmart Apollo LLC (Bentonville, Ark.).

"System and method for risk evaluation for store transactions" was invented by Xuan Zhang (Fremont, Calif.), Fei Ye (San Carlos, Calif.) and Shihui Jia (Cupertino, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for evaluating risks for physical locations are disclosed. A request for risk evaluation of transactions associated with a physical location located within a predetermined region including a plurality of neighboring locations is received. A spatial model is implemented to generate a first risk score based on chargeback data associated wi...