Method and apparatus for identifying an entity with which transactions are prohibited
First Claim
1. A method for facilitating a check of an entity to determine if the entity may participate in a transaction, comprising:
- receiving data indicative of a primary name;
determining a match between said primary name and a secondary name, wherein said secondary name is included in a list of entities with which a type of transaction are prohibited;
making a determination regarding whether said match between said primary name and said secondary name indicates a false positive; and
providing data indicative of said determination.
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Accused Products
Abstract
A system, method, apparatus, means, and computer program code for identifying an entity with which transactions are prohibited. According to embodiments of the present invention, a name of an entity being checked, which may be an individual, company, organization, etc., is compared to a list of entities with which transactions are prohibited. A prohibited transaction may include a financial transaction, a commercial transaction, or some other type of transaction. If a match is found between the name and a name on the list of prohibited entities, further checking is done to make sure that the match is not a false positive (i.e., that the two matched entities are not, in fact, different entities despite having the same name).
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Citations
44 Claims
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1. A method for facilitating a check of an entity to determine if the entity may participate in a transaction, comprising:
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receiving data indicative of a primary name;
determining a match between said primary name and a secondary name, wherein said secondary name is included in a list of entities with which a type of transaction are prohibited;
making a determination regarding whether said match between said primary name and said secondary name indicates a false positive; and
providing data indicative of said determination. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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30. A method for facilitating creation of a list of at least one entity, comprising:
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maintaining a list of names of entities with which at least one type of transaction are prohibited;
receiving data indicative of a name of an entity with which said at least one type of transaction is prohibited;
creating at least one variation of said name in accordance with at least one rule; and
updating said list to include said name and said at least one variation of said name. - View Dependent Claims (31, 32, 33, 34)
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35. A method for facilitating a check of an entity to determine if the entity may participate in a transaction, comprising:
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receiving data indicative of a primary name associated with an application for credit;
determining if a match exists between said primary name and a secondary name in accordance with at least one first rule, wherein said secondary name is included in a list of entities with which transactions are prohibited;
making a determination in accordance with at least one second rule regarding whether said match indicates a false positive between said primary name and said secondary name; and
providing data indicative of said determination. - View Dependent Claims (36, 37, 38, 39, 40)
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41. A system for facilitating a check of an entity to determine if the entity may participate in a transaction, comprising:
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a memory;
a communication port; and
a processor connected to said memory and said communication port, said processor being operative to;
receive data indicative of a primary name;
determine a match between said primary name and a secondary name, wherein said secondary name is included in a list of entities with which a type of transaction are prohibited;
make a determination regarding whether said match between said primary name and said secondary name indicates a false positive; and
provide data indicative of said determination.
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42. A computer program product in a computer readable medium for facilitating a check of an entity to determine if the entity may participate in a transaction, comprising:
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first instructions for obtaining data indicative of a primary name;
second instructions for identifying a match between said primary name and a secondary name, wherein said secondary name is included in a list of entities with which a type of transaction are prohibited;
third instructions for producing a determination regarding whether said match between said primary name and said secondary name indicates a false positive; and
fourth instructions for sending data indicative of said determination.
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43. A system for facilitating creation of a list of at least one entity, comprising:
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a memory;
a communication port; and
a processor connected to said memory and said communication port, said processor being operative to;
maintain a list of names of entities with which at least one type of transaction are prohibited;
receive data indicative of a name of an entity with which said at least one type of transaction is prohibited;
create at least one variation of said name in accordance with at least one rule; and
update said list to include said name and said at least one variation of said name.
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44. A computer program product in a computer readable medium for facilitating creation of a list of at least one entity, comprising:
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first instructions for storing a list of names of entities with which at least one type of transaction are prohibited;
second instructions for obtaining data indicative of a name of an entity with which said at least one type of transaction is prohibited;
third instructions for determining at least one variation of said name in accordance with at least one rule; and
fourth instructions for modifying said list to include said name and said at least one variation of said name.
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Specification