American Express Company
Method, computer-based system, and non-transitory computer readable storage medium utilizing machine learning to prevent fraud with a digital wallet

Abstract:

A consumer may enter a physical merchant location. A reverse bidding system determines a confidence score that the consumer will make a non-fraudulent purchase of a product. The reverse bidding system performs an online price comparison. The reverse bidding system may transmit an offer to the consumer to purchase the product at the physical merchant location for a discounted price.