Method, System, and Computer Program Product for Customer-Level Data Verification
First Claim
1. A method for verifying a first postal address, comprising the steps of:
- receiving transaction instrument data associated with a first transaction instrument and a first postal address;
determining a customer-unique identifier from the transaction instrument data, wherein the customer-unique identifier is different than the transaction instrument data;
identifying a second transaction instrument associated with the customer-unique identifier having a second postal address, wherein the first transaction instrument is different from the second transaction instrument; and
comparing the first postal address with the second postal address to create a comparison result that verifies the first postal address.
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Accused Products
Abstract
A system, method, and computer program to reduce incorrectly declined transactions and improve risk calculation accuracy by reducing error probability during fraud detection. The tool first receives at least one postal address as well as transaction account data and/or financial transaction instrument data. Then a customer is determined from a first customer record associated with the transaction account data and/or financial transaction instrument data. A record search is performed to identify at least one additional customer record associated with the customer. Finally, the postal address is compared to the information contained in the additional record to create a comparison result that verifies the submitted postal address. The comparison result may be used as an input to transaction risk calculations. The comparison result may also be provided to a merchant system and/or merchant for use in a decision-making process, for example, to verify customer identity.
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Citations
32 Claims
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1. A method for verifying a first postal address, comprising the steps of:
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receiving transaction instrument data associated with a first transaction instrument and a first postal address; determining a customer-unique identifier from the transaction instrument data, wherein the customer-unique identifier is different than the transaction instrument data; identifying a second transaction instrument associated with the customer-unique identifier having a second postal address, wherein the first transaction instrument is different from the second transaction instrument; and comparing the first postal address with the second postal address to create a comparison result that verifies the first postal address. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for verifying a first postal address, comprising:
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a processor; and a memory in communication with the processor, wherein the memory stores a plurality of processing instructions for directing a processor to; receive; transaction instrument data associated with a first transaction instrument; and a first postal address; determine a customer-unique identifier from the transaction instrument data, wherein the customer-unique identifier is different than the transaction instrument data; identify a second transaction instrument associated with the customer-unique identifier having a second postal address, wherein the first transaction instrument is different from the second transaction instrument; and compare the first postal address with the second postal address to create a comparison result that verifies the first postal address. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A computer program product comprising a computer useable medium having control logic stored therein for causing a computer to verify a first postal address, the control logic comprising:
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first computer readable program code means for causing the computer to receive; transaction instrument data associated with a first transaction instrument; and a first postal address; second computer readable program code means for causing the computer to determine a customer-unique identifier from the transaction instrument data, wherein the customer-unique identifier is different than the transaction instrument data; third computer readable program code means for causing the computer to identify a second transaction instrument associated with the customer-unique identifier having a second postal address, wherein the first transaction instrument is different from the second transaction instrument; and fourth computer readable program code means for causing the computer to compare the first postal address with the second postal address to create a comparison result that verifies the first postal address. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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Specification