Method and system for identity theft prevention, detection and victim assistance

• US 20050144143A1
• Filed: 09/03/2004
• Published: 06/30/2005
• Est. Priority Date: 09/03/2003
• Status: Abandoned Application

• Current Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Original Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Inventors: Freiberg, Steven
• Application Number:
  US10/933,261
• Publication Number:
  US 20050144143A1
• Time in Patent Office: Days
• US Class Current: 705/75
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method and system for providing comprehensive assistance to victims dealing with the aftermath of identity theft fraud. An identity theft prevention/detection service is combined with a comprehensive victim assistance program wherein victims of identity theft not only have the capability of restoring their good name and credit worthiness on an individual tradeline basis, but also on the basis of all their creditor relationships.

Claims

1. A method comprising:

electronically monitoring at least one account associated with a customer for potential fraudulent activity;

identifying potential fraudulent activity based on one or more fraud indicators;

verifying the fraudulent activity with the customer;

automatically storing information relating to the account and fraudulent activity in a database;

assisting the customer to rectify the fraudulent activity.