Fraud prevention system

• US 20050154665A1
• Filed: 03/09/2005
• Published: 07/14/2005
• 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:
  US11/076,313
• Publication Number:
  US 20050154665A1
• 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:

a registration module for maintaining a list of a plurality of subscribers, receiving and storing information relating to the identity of the plurality of subscribers, and receiving and storing information relating to the identity of a perpetrator accused of committing a fraudulent act;

a message posting module for receiving a plurality of reports of fraudulent activity from at least one subscribers;

a data administration module for storing the reports of fraudulent activity;

a notification module for generating at least one alert message for electronic transmission to at least one of the plurality of subscribers;

a summary module for creating a summary of messages posted in one day; and

at least one display device in electronic communication with at least one central operating system, wherein said at least one display device displays reports of fraudulent activity and allows at least one subscriber to enter at least one report of fraudulent activity;

wherein the modules operate on a central processing unit.

2. The fraud prevention system of claim 1, wherein the summary module creates a summary for each message posted on the one day.

3. The fraud prevention system of claim 1, wherein an electronic distribution module distributes an electronic message containing all summaries created for the one day to the plurality of subscribers who have requested the summary.

4. The fraud prevention system of claim 1, wherein the notification module tracks a report of fraudulent activity and notifies a subscriber of updates made to the report of fraudulent activity.

5. The fraud prevention system of claim 1, further comprising a message search module for receiving a post from a subscriber, searching the reports of fraudulent activity for related fraudulent activity reports, and alerting the subscriber of the related fraudulent activity report.

6. The fraud prevention system of claim 1, further comprising an administration module for controlling admission of new subscribers to the system.

7. The fraud prevention system of claim 6, wherein the administration module requires appointment of an administrator for at least one financial institution subscriber.

8. The fraud prevention system of claim 7, wherein the administration module requires approval of a potential new personal subscriber from the administrator of the financial institution subscriber before being registered.

9. The fraud prevention system of claim 7, wherein the administration module requires approval of a new report of fraudulent activity made by a personal subscriber at a financial institution subscriber before the new report of fraudulent activity may be posted to the system.

10. The fraud prevention system of claim 9, wherein approval of the new report of fraudulent activity is made by the administrator.

11. The fraud prevention system of claim 6, wherein the administration module includes at least one administrator at each financial institution subscriber for monitoring the activity of the personal subscribers associated with the institution subscriber.

12. A fraud prevention system, comprising:

a registration module for maintaining a list of a plurality of subscribers;

a message posting module for receiving a plurality of reports of fraudulent activity from at least one subscribers;

a data administration module for storing the reports of fraudulent activity;

a notification module for generating at least one alert message for electronic transmission to at least one of the plurality of subscribers and for tracking a report of fraudulent activity and notifying a subscriber of updates made to the report of fraudulent activity;

at least one display device in electronic communication with at least one central operating system, wherein said at least one display device displays reports of fraudulent activity and allows at least one subscriber to enter at least one report of fraudulent activity.

13. The fraud prevention system of claim 12, further comprising a message search module for receiving a post from a subscriber, searching the reports of fraudulent activity for related fraudulent activity reports, and alerting the subscriber of the related fraudulent activity report.

14. The fraud prevention system of claim 12, further comprising a summary module for creating a summary of messages posted in one day and an electronic distribution module for distributing the summary to the plurality of subscribers.

15. The fraud prevention system of claim 14, wherein the summary module creates a summary for each message posted on the one day.

16. The fraud prevention system of claim 14, wherein the electronic distribution module distributes an electronic message containing all summaries created for the one day to the plurality of subscribers who have requested the summary.

17. The fraud prevention system of claim 12, further comprising an administration module for controlling admission of new subscribers to the system.

18. The fraud prevention system of claim 17, wherein the administration module requires appointment of an administrator for at least one financial institution subscriber.

19. The fraud prevention system of claim 18, wherein the administration module requires approval of a potential new personal subscriber from the administrator of the financial institution subscriber before being registered.

20. The fraud prevention system of claim 18, wherein the administration module requires approval of a new report of fraudulent activity made by a personal subscriber at a financial institution subscriber before the new report of fraudulent activity may be posted to the system.

21. The fraud prevention system of claim 20, wherein approval of the new report of fraudulent activity is made by the administrator.

22. The fraud prevention system of claim 17, wherein the administration module includes at least one administrator at each financial institution subscriber for monitoring the activity of the personal subscribers associated with the institution subscriber.