FICO Awarded Six New Patents for Analytic Innovations in Fraud Detection and AI

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Fraud Protection & Compliance

SAN JOSE, Calif. – June 11, 2018


  • FICO has been awarded six new patents for fraud detection, AI and analytics
  • Three of the patents granted are related to the FICO® Falcon® Platform, the world’s leading payment fraud system
  • FICO continues to drive innovation across its solutions; it currently holds 188 US and foreign patents

Silicon Valley analytic software firm FICO has been awarded six new patents related to fraud, artificial intelligence (AI) and advanced analytics. In total, FICO currently holds 188 US and foreign patents, and has 89 pending patent applications

“FICO focuses on helping organizations get the most business value from analytics, to optimize their business processes and drive real-time actions,” said Dr. Stuart Wells, FICO’s chief product and technology officer. “These patents are breakthroughs that are driving innovations in areas such as fraud detection, marketing, Big Data and more.”

Three of the patents awarded are innovations in the FICO® Falcon® Platform, which uses machine learning to detect transactional fraud by providing deep behavioral analytic insight into transaction activity. The Falcon Platform is the world’s most intelligent payment fraud detection solution, protecting more than 2.6 billion cards worldwide. These patents are:

  • Card Fraud Detection Utilizing Real-Time Identification of Merchant Test Sites - detects the testing of compromised cards using real-time merchant profiles and the implementation of specialized scoring models for enhanced fraud detection. 
  • Fraud Detection Based on Efficient Frequent-Behavior Sorted Lists – Reduces fraud false positives by obtaining recurrence information in an entities transaction data to identify patterns of legitimate usage and detect transaction activity that is likely fraudulent. 
  • Multiple Funding Account Payment Instrument Analytics - A Japanese patent that quantifies the risk of abnormal activity across one or more funding accounts associated with a common payment instrument.

Other patents awarded to FICO include:

  • Data-Driven Product Grouping – Used by FICO’s marketing solutions, this technology generates groupings of products associated with purpose-built predictive models. Groupings of multiple products can be used to predict a likelihood of an entity to purchase a particular product in a future time period.
  • Automatic Modeling Farmer - Enables streamlined modeling processes to enable quick development of large-scale models using Big Data.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 188 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at

FICO and Falcon are registered trademarks of Fair Isaac Corporation in the U.S. and other countries.

Greg Jawski
Porter Novelli
+1 212-601-8248

Steven Weber
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