Toshiba had 96 patents in regtech during Q4 2023. Toshiba Corp filed patents for fraud monitoring devices that detect and prevent fraudulent acts by customers at payment terminals. The devices use cameras to acquire images of purchasers and analyze their actions to determine the likelihood of fraud. Salesclerks can provide verification to allow or prohibit payment processing based on the device’s analysis. GlobalData’s report on Toshiba gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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Toshiba grant share with regtech as a theme is 45% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Fraud monitoring device and fraud monitoring method therefor (Patent ID: US20230410115A1)
The patent filed by Toshiba Corp describes a fraud monitoring device that detects potential fraudulent activities by customers at payment terminals. The device communicates with external devices such as payment terminals and attendant terminals, which are operated by salesclerks. It uses image data and data signals to recognize customer actions and operations, detect possible fraudulent acts, and transmit information to the attendant terminal for verification. The device can also interact with a payment server to save and retrieve information related to customers involved in fraudulent activities.
The fraud monitoring device includes components like a communication interface, image storage device, moving image reproduction device, and display control device. It utilizes a network interface to communicate with a payment server and employs a processor to analyze image data, recognize customer actions, and detect potential fraudulent acts. The device works in conjunction with attendant terminals to receive verification instructions from salesclerks and prevent payment processing at terminals where fraudulent activities are suspected. Overall, the system aims to enhance security and prevent financial losses by monitoring and addressing potential fraud at payment terminals through a combination of image recognition, data analysis, and human verification processes.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
