System and method for identity-based fraud detection for transactions using a plurality of historical identity records
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0 Petitions
Accused Products
Abstract
A method for identifying a fraudulent account application includes receiving a new account application comprising a plurality of identity-related fields and linking the identity-related fields associated with the new account application with identity-related fields associated with a plurality of historical account applications. The links form a graphical pattern on which statistical analysis can be performed to determine the likelihood that the new account application is fraudulent. The statistical analysis can comprise comparing the graphical pattern to a known, or normal graphical pattern in order to detect differences, or anomalies occurring in the graphical pattern associated with the new account application.
366 Citations
75 Claims
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1-55. -55. (canceled)
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56. A method of determining a likelihood of fraud associated with a payment record, the method comprising the steps of:
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receiving a payment record, determining characteristics associated with the payment record, defining a set of linked payment records from a plurality of historical payment records based on the determined characteristics, and analyzing the payment record for fraud using the set of linked payment records. - View Dependent Claims (57, 58, 59, 60, 61, 62, 63, 64, 65)
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66. A method of checking a tendered payment for fraud, the method comprising the steps of:
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sending information relating to a tendered payment to a fraud detection center, and receiving an indication of the likelihood that the tendered payment is fraudulent, wherein the indication is derived by analyzing characteristics associated with the tendered payment against historical payment records and/or historical identity records. - View Dependent Claims (67, 68, 69, 70)
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71. A method of determining a likelihood of fraud associated with a payment record, the method comprising the steps of:
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receiving a payment record, determining characteristics associated with the payment record, defining a set of linked identity records from a plurality of historical identity records based on the determined characteristics, and analyzing the payment record for fraud using the set of linked identity records. - View Dependent Claims (72, 73, 74, 75)
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Specification