RISK MANAGEMENT TOOL
First Claim
1. A method for assessing risk associated with an entity, the method comprising the steps of:
- (a) receiving user input about the entity through a user interface displayed on a display device of a computer implemented risk management application;
(b) processing by said risk management application said user input about the entity against a fraud database;
(c) displaying graphically on said display device a first data from said processing step (b) in a first portion of said user interface, wherein said first data is displayed as a visual representation of historical fraudulent activity surrounding a given geographical area specified by said user input for the entity, and further wherein said displayed visual representation of historical fraudulent activity shows at least a one of a fraud density, a recency of fraud, and a distance from the entity where said historical fraudulent activity has occurred.
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Accused Products
Abstract
A risk management tool allows a user to enter information about a company of interest to determine if the company demonstrates fraudulent characteristics. The risk management tool contains a fraud radar, a credit velocity indicator, and a fraud database lookup. The credit velocity indicator is a measure of the number of user companies utilizing the risk management tool that are searching for information on the same company. The fraud radar shows a visual representation of the historical fraudulent activity surrounding a given geographical area specified by zip code. The fraud database lookup indicates the matches found for the company of interest and allows a user to drill down on any or all of the matches. These three different measures of risk are combined and displayed graphically for the user, allowing the user to make a better informed decision instead of relying on a single credit resource derived score.
43 Citations
27 Claims
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1. A method for assessing risk associated with an entity, the method comprising the steps of:
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(a) receiving user input about the entity through a user interface displayed on a display device of a computer implemented risk management application; (b) processing by said risk management application said user input about the entity against a fraud database; (c) displaying graphically on said display device a first data from said processing step (b) in a first portion of said user interface, wherein said first data is displayed as a visual representation of historical fraudulent activity surrounding a given geographical area specified by said user input for the entity, and further wherein said displayed visual representation of historical fraudulent activity shows at least a one of a fraud density, a recency of fraud, and a distance from the entity where said historical fraudulent activity has occurred. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A tangible computer readable storage medium storing instructions that, when executed by a processor, causes the processor to perform a method for assessing risk associated with an entity, the method comprising the steps of:
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(a) receiving user input about the entity through a user interface displayed on a display device of a computer implemented risk management application; (b) processing by said risk management application said user input about the entity against a fraud database; (c) displaying graphically on said display device a first data from said processing step (b) in a first portion of said user interface, wherein said first data is displayed as a visual representation of historical fraudulent activity surrounding a given geographical area specified by said user input for the entity, and further wherein said displayed visual representation of historical fraudulent activity shows at least a one of a fraud density, a recency of fraud, and a distance from the entity where said historical fraudulent activity has occurred; (d) displaying graphically on said display device a second data from said processing step (b) in a second portion of said user interface, wherein said second data is displayed as a visual representation of a number of users utilizing said risk management application that are searching for information on the entity; and (e) displaying graphically on said display device a third data from said processing step (b) in a third portion of said user interface, wherein said third data is displayed as a list of a number of types of matches of the entity against said fraud database. - View Dependent Claims (15)
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16. A computer system for assessing risk associated with an entity, the computer system comprising:
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a memory; a processor connectable to said memory; a risk management software application program executable by said processor when loaded into said memory; a fraud database accessible by said risk management software application program; a user interface of said risk management software application program for receiving input from a user about the entity, wherein said input from said user about the entity is processed by said risk management software application program against said fraud database; a display device for displaying output from said risk management software application program to said user; and a first data from said processing of said input, wherein said first data is displayed in a first portion on said display device, wherein said first data comprises; a visual representation of historical fraudulent activity surrounding a given geographical area specified by said input for the entity, wherein said displayed visual representation of historical fraudulent activity shows at least a one of; a fraud density; a recency of fraud; and a distance from the entity where said historical fraudulent activity has occurred. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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Specification