Fraud prevention system

• US 20040103049A1
• Filed: 11/22/2002
• Published: 05/27/2004
• Est. Priority Date: 11/22/2002
• Status: Abandoned Application

• Current Assignee: Florida Bankers Association Incorporated
• Original Assignee: Florida Bankers Association Incorporated
• Inventors: Kerr, Thomas F.
• Application Number:
  US10/302,343
• Publication Number:
  US 20040103049A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07G 3/003 Anti-theft control theft alarms G08B13/00

Abstract

A fraud prevention system for notifying subscribers of the system, which may be financial institutions; such as banks, brokerage houses, and credit unions; law enforcement agencies; retail stores; and others, of the occurrence of a fraudulent act so that the unaffected subscribers may take appropriate action to prevent the same perpetrator or other perpetrators from committing other fraudulent acts. The fraud prevention system includes a central operating system for receiving reports of fraudulent activity and making those reports available to subscribers of the system. The fraud prevention system also includes at least one display device for displaying the reports of fraudulent activity.

Claims

1. A fraud prevention system, comprising:

at least one central operating system for;

maintaining a list of a plurality of subscribers;

receiving a plurality of reports of fraudulent activity from at least one subscribers;

storing the reports of fraudulent activity;

organizing the reports of fraudulent activity; and

generating at least one alert message for electronic transmission to at least one of the plurality of subscribers; and

at least one display device in electronic communication with the at least one central operating system for displaying the reports of fraudulent activity and allowing at least one subscriber to enter at least one report of fraudulent activity.

2. The fraud prevention system of claim 1, wherein generating at least one alert message further comprises identifying information common between a plurality of reports of fraudulent activity.

3. The fraud prevention system of claim 1, wherein generating at least one alert message occurs when the at least one central operating system receives a report of at least one fraudulent activity.

4. The fraud prevention system of claim 1, wherein the at least one alert message is sent to subscribers based on geographic location.

5. The fraud prevention system of claim 1, wherein the at least one alert message is sent to subscribers based on a type of fraudulent activity.

6. The fraud prevention system of claim 1, wherein the at least one central operating system is capable of receiving and storing information relating to the identity of the plurality of subscribers.

7. The fraud prevention system of claim 1, wherein the at least one central operating system is capable of receiving and storing information relating to the identity of a perpetrator accused of committing a fraudulent act.

8. The fraud prevention system of claim 7, wherein the information relating to the identity of the person committing a fraudulent act comprises electronically stored documents.

9. The fraud prevention system of claim 7, wherein the information relating to the identity of the person committing a fraudulent act comprises electronically stored pictures.

10. The fraud prevention system of claim 1, wherein the plurality of subscribers are financial institutions.

11. The fraud prevention system of claim 1, further comprising a search engine for locating information in the database.

12. The fraud prevention system of claim 11, wherein the search engine is capable of locating individuals suspected of committing fraudulent acts that meet selected criteria.

13. The fraud prevention system of claim 1, wherein the central operating system is coupled to the at least one display device through the Internet.

14. The fraud prevention system of claim 1, wherein the central operating system is coupled to the at least one display device through a closed circuit communications system.

15. The fraud prevention system of claim 1, wherein the fraudulent activity comprises check fraud.

16. The fraud prevention system of claim 1, wherein the fraudulent activity comprises loan fraud.

17. The fraud prevention system of claim 1, wherein the fraudulent activity comprises new account fraud.

18. The fraud prevention system of claim 1, wherein the fraudulent activity comprises counterfeit currency.

19. A method of preventing financial fraud, comprising:

maintaining a list of a plurality of subscribers on at least one central operating system;

receiving a plurality of electronic reports of fraudulent activity from at least one subscribers;

storing the reports of fraudulent activity in the at least one central operating system;

organizing the reports of fraudulent activity; and

generating at least one alert message for electronic transmission to at least one of the plurality of subscribers based on pre-determined criteria.

20. The method of claim 19, wherein generating at least one alert message further comprises identifying information common between a plurality of reports of fraudulent activity.

21. The method of claim 19, wherein generating at least one alert message occurs when the at least one central operating system receives a report of at least one fraudulent activity.

22. The method of claim 19, wherein the at least one alert message is sent to subscribers based on a geographic location.

23. The method of claim 19, wherein the at least one alert message is sent to subscribers based on the type of fraudulent activity.

24. The method of claim 19, further comprising approving the reports of fraudulent activity.