Methods and apparatus for protecting against credit card fraud, check fraud, and identity theft

• US 20030009426A1
• Filed: 04/19/2002
• Published: 01/09/2003
• Est. Priority Date: 04/19/2001
• Status: Abandoned Application

• Current Assignee: Marcelo Ruiz-Sanchez
• Original Assignee: Marcelo Ruiz-Sanchez
• Inventors: Ruiz-Sanchez, Marcelo
• Application Number:
  US10/125,645
• Publication Number:
  US 20030009426A1
• Time in Patent Office: Days
• US Class Current: 705/78
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A notification of an electronic transaction representing a debit or credit card, altered check amount or creation new credit/loan by other person using a stolen identity on a money transaction to be processed later, by the ATM machine, bank service, or credit/loan approval respectively for a fraudulent transaction is disclosed. A method detects a fraudulent transaction. It includes notifying customers of transactions being executed; examining a set of transaction classes (TC) which would fulfill the terms of a threshold transaction list (TTL) to determine if specified TC is a fraudulent transaction; and providing threshold transaction parameter(s) exceeded prior to realizing specified TC.

Claims

1. A method comprising the steps of:

storing, using a telecommunications network, special database listing information for transactions (SLI) specifying the initiating location of a transaction class (TC), the amount of the TC, the characteristics of the TC, and any other information relevant to the TC, within a specified date range;

transmitting notifications to customers, using a Virtual Assistant (VA) that connects to a unified messaging system with a plurality of access points to speech, telephony, Internet, database and third-party objects;

accepting queries from customers, for specified TC'"'"'s and to provide the amount of the TC, the characteristics of the TC, and any other information relevant to the TC, within a specified date range; and

receiving real-time transaction-based information for a specified TC (RI) from a

committed third party not confined to said transaction activity.

2. The method of claim 1, wherein said step of accepting said RI includes one of making available a SLI corresponding to the executed TC.

3. The method of claim 1, wherein said transmitting notifications of TC'"'"'s comprises receiving RI'"'"'s related to credit card, check, transactions and establishment of new credit/loan accounts, etc.

4. The method of claim 1, wherein said receiving RI'"'"'s includes transaction threshold policing that further does specify a type of notification.

5. The method of claim 4, further comprising the steps of:

transmitting a type of notification based on said customer threshold policing information; and

keeping track of said TTL (T-TTL).

6. The method of claim 5, wherein said notification is a transaction in progress.

7. The method of claim 1, wherein said accepting queries includes templates defined for access via phone, e-mail, pager and fax.

8. The method of claim 1, wherein said receiving a RI includes transmitting a SLI that further specify the amount of the TC, the characteristics of the TC, and any other information relevant to the TC, within a specified date range.

9. The method of claim 1, further comprising the step of accepting TC queries from a customer taking the service thereon.

10. The method of claim 9, wherein said step of accepting queries of said TC includes transmitting SLI'"'"'s with said amount of the TC, the characteristics of the TC, and any other information relevant to the TC and not confined to the mentioned one, within a specified date range provided thereon.

11. A method comprising the steps of:

receiving RI'"'"'s of TC'"'"'s from a specified starting location within a specified date range;

querying, using a computer, voice, fax, or e-mail to a Virtual Assistant (VA), that supports a plurality of access points to speech, telephony, Internet, database and third-party objects;

notifying, using a unified messaging system (computer, fax, or e-mail) of said SLI to a specified customer;

accepting requests of TC'"'"'s relating to a specified date range or threshold characteristic;

transmitting, at a time subsequent to said received RI of said executed transaction, a standard notification or an alarm threshold violation notification.

12. The method of claim 11, wherein said receiving and transmitting includes using a Virtual Private Network (VPN) inside a public telecommunications network.

13. The method of claim 11, wherein said querying using a computer includes a Web server collocated at a Content Provider'"'"'s network.

14. The method of claim 11, further comprising the steps of:

transmitting a standard notification or an alarm threshold violation notification for said TC to the customer and a third party; and

receiving RI'"'"'s of said TC'"'"'s from said third party.

15. The method of claim 14, wherein said TC is a transaction in progress.

16. The method of claim 13, wherein said Content Provider includes a Content Delivery Network (CDN).

17. The method of claim 13, wherein said collocated Web Server takes into account a nationwide deployment of the service thereon.

19. The system of claim 18, wherein said Virtual Assistant (VA) is configured to make available TC'"'"'s and to receive a request for said executed transaction;

and transmit a notification of said executed transaction.

20. The system of claim 19, wherein said Virtual Assistant (VA) is further configured to receive a transaction for said RI'"'"'s from a third party, transmit a standard notification of said transaction to said customer;

and output a threshold violation notification to the customer and the third party.

18. A system comprising:

an intelligent telecommunication network having embodied therein the power of information-on-demand, real-time, instant access to data, automated event and notification relating to a plurality of threshold parameters, and transaction information relating to a plurality of TC'"'"'s; and

a Virtual Assistant (VA) connected to said intelligent telecommunication network and configured to transmit through a VPN network and reach the customer via a unified messaging system.