Method and system for detecting fraud in non-personal...

Details Method and system for detecting fraud in non-personal... Method and system for detecting fraud in non-personal...

2000-11-09

2011-12-06

Elisca, Pierre E (Department: 3718)

Data processing: financial, business practice, management, or co

Business processing using cryptography

Secure transaction

C705S076000

Reexamination Certificate

active

08073785

ABSTRACT:
A method and system us disclosed for detecting fraud is non-personal transactions. The method and system comprise transmitting the purchaser's data, includes a ship-to address for the transaction, to a fraud-detection system; processing the purchaser's data to determine whether the transaction is potentially fraudulent; and returning the relative risks of fraudulent activity associated with the transaction. The method and system may include any of the following additional steps: checking to determine whether the purchaser's ship-to address exists, checking the purchaser's ship-to address against an historical database to determine whether a prior history of fraud exists, checking the purchaser's ship-to address against an historical database to determine whether a pattern of fraudulent activity exists for the ship-to address; and checking the purchaser's ship-to address against a modeling engine to determine whether elements exist in the demographic data which correlate with fraudulent trends. In addition, a score may be calculated based at least in part upon the likelihood that the transaction is fraudulent.

REFERENCES:
patent: 5884289 (1999-03-01), Anderson et al.
patent: 6029150 (2000-02-01), Kravitz
patent: 6122624 (2000-09-01), Tetro et al.
patent: 6163771 (2000-12-01), Walker et al.

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