METHOD AND SYSTEM FOR DETECTING FRAUD IN A CREDIT CARD TRANSACTION OVER THE INTERNET
First Claim
1. A system for detecting fraud in a credit card transaction between consumer and a merchant over the internet comprising:
- means for obtaining credit card information relating to the transaction from the consumer;
means for verifying the credit card information based upon a plurality of parameters comprising;
a) means for obtaining information about other transactions that have utilized an internet address that is identified with the credit card transaction;
b) means for constructing a map of credit card numbers based upon the other transactions;
c) means for utilizing the map of credit card numbers to determine if the credit card transaction is valid.
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Accused Products
Abstract
A method and system for detecting fraud in a credit card transaction between consumer and a merchant over the internet. The method and system comprises obtaining credit card information relating to the transaction from the consumer; and verifying the credit card information based upon a variety of parameters. The variety of parameters are weighted so as to provide a merchant with a quantifiable indication of whether the credit card transaction is fraudulent. In so doing, an integrated verification system is provided which allows a merchant, or the like, to accurately and efficiently determine the validity of a transaction over the internet.
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Citations
8 Claims
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1. A system for detecting fraud in a credit card transaction between consumer and a merchant over the internet comprising:
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means for obtaining credit card information relating to the transaction from the consumer; means for verifying the credit card information based upon a plurality of parameters comprising; a) means for obtaining information about other transactions that have utilized an internet address that is identified with the credit card transaction; b) means for constructing a map of credit card numbers based upon the other transactions; c) means for utilizing the map of credit card numbers to determine if the credit card transaction is valid. - View Dependent Claims (2, 3, 4)
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5. A computer readable medium containing program instructions for detecting fraud in a credit card transaction between consumer and a merchant over the internet, the program instructions configured for:
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obtaining credit card information relating to the transaction from the consumer; verifying the credit card information based upon a plurality of parameters by; a) obtaining information about other transactions that have utilized an internet address that is identified with the credit card transaction; b) constructing a map of credit card numbers based upon the other transactions and; c) utilizing the map of credit card numbers to determine if the credit card transaction is valid. - View Dependent Claims (6, 7, 8)
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Specification