PREPAID CARD FRAUD AND RISK MANAGEMENT
First Claim
1. Method of monitoring fraud associated with prepaid devices, comprising:
- configuring fraud platform parameters, the parameters further comprising;
one or more limits defined by one or more values, each limit associated with a particular platform parameter;
one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter; and
one or more rules that define restrictions for certain prepaid device activities;
applying the fraud platform parameters to prepaid device production data; and
determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data.
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Accused Products
Abstract
A method of monitoring fraud associated with prepaid devices includes configuring fraud platform parameters which comprise one or more limits defined by one or more values, each limit associated with a particular platform parameter, one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter, and one or more rules that define restrictions for certain prepaid device activities. The method further includes applying the fraud platform parameters to prepaid device production data and determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data.
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Citations
20 Claims
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1. Method of monitoring fraud associated with prepaid devices, comprising:
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configuring fraud platform parameters, the parameters further comprising; one or more limits defined by one or more values, each limit associated with a particular platform parameter; one or more thresholds defined by one or more values, each threshold associated with a particular platform parameter; and one or more rules that define restrictions for certain prepaid device activities; applying the fraud platform parameters to prepaid device production data; and determining whether to issue the prepaid device depending on whether any parameters were triggered by the production data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. Method of managing fraud associated with prepaid devices, comprising:
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entering enrollment and funding information associated with a prepaid device into a prepaid device processing system; uploading a platform of fraud parameters, the parameters further comprising limits, thresholds and rules designed to trigger potential prepaid device fraud cases into the processing system; running the enrollment and transactional information against the fraud rules; verifying any information that triggered one or more fraud rules; using configured rules to determine whether a fraud case is created; and managing the fraud case in a fraud queue through disposition. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. A method of managing fraud associated with prepaid devices, comprising:
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identifying a potential fraud case based on information associated with a prepaid device; verifying the information against one or more databases to confirm whether the information is fraudulent; updating a database of confirmed fraudulent information by adding the confirmed fraudulent information to the database. - View Dependent Claims (18, 19, 20)
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Specification