Patents by Inventor Akshaya SRIVATSA

Akshaya SRIVATSA has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • REPURPOSING A TRANSACTION AUTHORIZATION CHANNEL TO PROVIDE FRAUD NOTIFICATIONS
    Publication number: 20220156746
    Abstract: A method for sending a notification indicating fraud using a transaction authorization channel is described. Upon performing a fraud analysis on a first transaction previously authorized by an issuer of an account via the transaction authorization channel, a determination that the first transaction has indications of fraud is performed. In response to determining that the first transaction has indications of fraud, a transaction authorization request message for a second transaction is generated to include a billing descriptor field with data representing a notification of fraud on the account. The transaction authorization request message for the second transaction is sent, via the transaction authorization channel, to an electronic device associated with the issuer of the account so that it will modify the account to include a transaction entry for the second transaction that will be recognized as a fraud notification when an account holder of the account views pending transactions.
    Type: Application
    Filed: February 2, 2022
    Publication date: May 19, 2022
    Inventors: Pantelis Miltos KLEDARAS, Akshaya SRIVATSA
  • Repurposing a transaction authorization channel to provide fraud notifications
    Patent number: 11282084
    Abstract: A method for sending a notification indicating fraud using a transaction authorization channel is described. Upon performing a fraud analysis on a first transaction previously authorized by an issuer of an account via the transaction authorization channel, a determination that the first transaction has indications of fraud is performed. In response to determining that the first transaction has indications of fraud, a transaction authorization request message for a second transaction is generated to include a billing descriptor field with data representing a notification of fraud on the account. The transaction authorization request message for the second transaction is sent, via the transaction authorization channel, to an electronic device associated with the issuer of the account so that it will modify the account to include a transaction entry for the second transaction that will be recognized as a fraud notification when an account holder of the account views pending transactions.
    Type: Grant
    Filed: March 18, 2019
    Date of Patent: March 22, 2022
    Assignee: Bolt Financial, Inc.
    Inventors: Pantelis Miltos Kledaras, Akshaya Srivatsa
  • REPURPOSING A TRANSACTION AUTHORIZATION CHANNEL TO PROVIDE FRAUD NOTIFICATIONS
    Publication number: 20200302446
    Abstract: A method for sending a notification indicating fraud using a transaction authorization channel is described. Upon performing a fraud analysis on a first transaction previously authorized by an issuer of an account via the transaction authorization channel, a determination that the first transaction has indications of fraud is performed. In response to determining that the first transaction has indications of fraud, a transaction authorization request message for a second transaction is generated to include a billing descriptor field with data representing a notification of fraud on the account. The transaction authorization request message for the second transaction is sent, via the transaction authorization channel, to an electronic device associated with the issuer of the account so that it will modify the account to include a transaction entry for the second transaction that will be recognized as a fraud notification when an account holder of the account views pending transactions.
    Type: Application
    Filed: March 18, 2019
    Publication date: September 24, 2020
    Inventors: Pantelis Miltos KLEDARAS, Akshaya SRIVATSA