Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1997-07-28
2000-02-22
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 38, 705 39, G06F15700
Patent
active
060291540
ABSTRACT:
A method and system for detecting fraud in a credit card transaction between consumer and a merchant over the Internet. The method and system comprises obtaining credit card information relating to the transaction from the consumer; and verifying the credit card information based upon a variety of parameters. The variety of parameters are weighted so as to provide a merchant with a quantifiable indication of whether the credit card transaction is fraudulent. In so doing, an integrated verification system is provided which allows a merchant, or the like, to accurately and efficiently determine the validity of a transaction over the Internet.
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Internet Commerce Services Corporation
MacDonald Allen R.
Meinecke-Diaz Susanna
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