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AssigneeJPMorgan Chase Bank, N.A.
InventorsAntigoni Ourania POLYCHRONIADOU, Prashant P. REDDY, Manuela VELOSO
Estimating the term…
A method and a system for increasing accuracy in fraud detection are provided. The method includes: obtaining a first set of transaction data that relates to a first plurality of transactions, each respective transaction from among the first plurality of transactions having a corresponding originating account and a corresponding beneficiary account; determining, for each corresponding beneficiary account, a number of executed transactions associated with the corresponding beneficiary account by computing a respective PageRank value for a transaction graph associated with the corresponding beneficiary account; and when the respective PageRank value of the beneficiary account exceeds a predetermined threshold, determining that the corresponding beneficiary account is unlikely to be a participant in a future fraudulent transaction. For subsequent transactions, beneficiary accounts that have been determined as being unlikely to participate in future fraudulent transactions may be excluded from applications of fraud detection algorithms, thereby reducing computational load and increasing accuracy.
A method for increasing accuracy in fraud detection, the method being implemented by at least one processor, the method comprising:
A computing apparatus for increasing accuracy in fraud detection, the computing apparatus comprising:
A non-transitory computer readable storage medium storing instructions for increasing accuracy in fraud detection, the storage medium comprising executable code which, when executed by a processor, causes the processor to:
Dependencies are inferred from the claim text.