System and method for fraud prevention in automated electronic payment processing
First Claim
Patent Images
1. A method of combating fraud in electronic payment transactions conducted over the Internet, comprising:
- (a) presenting a customer data page from a server to a potential buyer of a product or service displayed on the Internet web site of a seller for completion by the buyer with selected information;
(b) generating a globally unique identifier number which is embedded in the customer data page and stored in the memory of the server;
(c) comparing the globally unique identifier number embedded in the customer data page with the globally unique identified number stored in memory in the server upon submission of the customer data page for credit approval; and
(d) executing a fraud analysis in the event the globally unique identifier number embedded in the customer data page submitted for credit approval is determined to have previously matched a globally unique identified number stored in the memory of the server.
7 Assignments
0 Petitions
Accused Products
Abstract
A method and system for combating fraud in electronic payment transactions over the Internet comprises embedding a globally unique identifier number in each customer data page submitted for credit approval on an Internet web site, and undertaking a fraud analysis to prevent the use of multiple copies of the same customer data page, each containing different sets of stolen or made up customer data, in an effort to determine which sets of customer data are associated with valid credit cards.
29 Citations
17 Claims
-
1. A method of combating fraud in electronic payment transactions conducted over the Internet, comprising:
-
(a) presenting a customer data page from a server to a potential buyer of a product or service displayed on the Internet web site of a seller for completion by the buyer with selected information;
(b) generating a globally unique identifier number which is embedded in the customer data page and stored in the memory of the server;
(c) comparing the globally unique identifier number embedded in the customer data page with the globally unique identified number stored in memory in the server upon submission of the customer data page for credit approval; and
(d) executing a fraud analysis in the event the globally unique identifier number embedded in the customer data page submitted for credit approval is determined to have previously matched a globally unique identified number stored in the memory of the server. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
-
-
13. A method of combating fraud in electronic payment transactions conducted over the Internet, comprising:
-
(a) presenting a customer data page from a server to a potential buyer of a product or service displayed on the Internet web site of a seller for completion by the buyer with selected information;
(b) employing selected information available at the time the customer data page is completed by the buyer to generate a globally unique identifier number;
(c) embedding the globally unique identifier number in the customer data page;
(d) storing the information contained on the customer data page, and the globally unique identifier number associated with said customer data page, in the memory of the server;
(e) comparing the globally unique identifier number embedded in the customer data page with the globally unique identified number stored in memory in the server upon submission of the customer data page for credit approval; and
(f) executing a fraud analysis in the event the globally unique identifier number embedded in the customer data page submitted for credit approval is determined to have previously matched a globally unique identified number stored in the memory of the server. - View Dependent Claims (14, 15, 16, 17)
-
Specification