Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or...
Patent
1992-09-08
1998-10-06
Hayes, Gail O.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
G06F15700
Patent
active
058192263
ABSTRACT:
An automated system and method detects fraudulent transactions using a predictive model such as a neural network to evaluate individual customer accounts and identify potentially fraudulent transactions based on learned relationships among known variables. The system may also output reason codes indicating relative contributions of various variables to a particular result. The system periodically monitors its performance and redevelops the model when performance drops below a predetermined level.
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Gullo, Karen, "Neural Nets Versus Card Fraud Chase's Software Learns to Detect Potential Crime" Feb. 2, 1990 American Banker Magazine .
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Biafore Louis S.
Ferguson William M.
Gopinathan Krishna M.
Jost Allen
Lazarus Michael A.
Hayes Gail O.
HNC Software Inc.
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