MUMBAI, India, Oct. 5 -- Intellectual Property India has published a patent application (202521015464 A) filed by Rungta International Skills University; Rungta College Of Engineering & Technology; and Rungta College Of Pharmaceutical Sciences And Research on February 22, 2025, for Ai-Powered Handheld Fraud Detection Scanner For Secure E-Commerce And Retail Transactions.
Inventors include Md Faizan Ahmad; Neha Joshi; Roushni Kumari; Mohammad Aasif; Aditiya Verma; Siddhi Suman; Rohit Raj; Labhesh Verma; Shivam Dev; and Gulam Zafar Ali.
The application for the patent was published on October 02, 2026, under issue no. 40/2026.
Abstract: AI-Powered Handheld Fraud Detection Scanner for Secure E-Commerce and Retail Transactions This invention describes an AI-powered handheld fraud detection scanner as shown in Figure - 1 to prevent fraudulent transactions, chargeback scams, identity theft, and unauthorized product returns in small business, e-commerce, and retail environments. The system integrates artificial intelligence, biometric authentication, and machine learning-driven risk assessment to analyze transaction behaviors, detect anomalies, and verify customer identities in real time. It features a secure payment recommendation system, suggesting alternative payment methods for high-risk transactions, and a fraud alert mechanism that notifies merchants of suspicious activities. The device seamlessly integrates with Point-of-Sale (PoS) systems, digital wallets, and e-commerce platforms via Wi-Fi, Bluetooth, and NFC connectivity. Additionally, it operates in offline mode using locally stored AI models, ensuring uninterrupted fraud prevention. With its portable design, touchscreen interface, and adaptive AI processs, the invention enhances financial security and fraud mitigation, providing merchants with an efficient, intelligent, and proactive fraud detection system.
Disclaimer: Curated by HT Syndication.
