RED FLAG IDENTIFICATION VERIFICATION SYSTEM AND METHOD

• US 20100088338A1
• Filed: 10/05/2009
• Published: 04/08/2010
• Est. Priority Date: 10/03/2008
• Status: Abandoned Application

• Current Assignee: Jr., Donald Gordon Pavoni, Kevin Thomas Hurst, Langchi Zhu
• Original Assignee: Jr., Donald Gordon Pavoni, Kevin Thomas Hurst, Langchi Zhu
• Inventors: ZHU, LANGCHI, PAVONI, DONALD GORDON JR., HURST, KEVIN THOMAS
• Application Number:
  US12/573,673
• Publication Number:
  US 20100088338A1
• Time in Patent Office: Days
• US Class Current: 707/770
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules

Abstract

Embodiments relate to systems and methods for verifying an individual'"'"'s identify and preventing identify theft. The system comprises at least one input device, third party databases, network and processing unit. The input device is used to enter an individual'"'"'s consumer identity information, while the third party databases stores identity data. The network communicates with the third party databases and the at least one input device, while the processing unit communicates with at least one of the input devices, third-party databases and the network. The processing unit contains instructions for receiving the individual'"'"'s consumer identify information from the at least one input device; searching the third party databases using the received identify information to identify at least one pattern of interest in at least one alert category; scoring at least the one pattern of interest as a function of at least one Red Flag Rule; and communicating the score.

Claims

1. A system for verifying an individual'"'"'s identify and preventing identify theft, the system comprising:

a. at least one input device for entering an individual'"'"'s consumer identity information;

b. third party databases storing identity data;

c. a network communicating with the third party databases and the at least one input device; and

d. a processing unit communicating with at least one of the input devices, the third party databases and the network, the processing unit containing instructions operating thereon for;

i. receiving the individual'"'"'s consumer identify information from the at least one input device;

ii. searching the third party databases using the received individual'"'"'s consumer identify information to identify at least one pattern of interest in at least one alert category;

iii. scoring at least the one pattern of interest as a function of at least one Red Flag Rule; and

iv. communicating the score to a user.

2. The system of claim 1 further comprising modifying the consumer identify information using wild card characters.

3. The system of claim 1 wherein the at least one input device is selected from the group comprising desktops, laptops, netbooks, PDA devices and cellphones.

4. The system of claim 1 wherein the at least one input device comprises at least one scanner device.

5. The system of claim 1 wherein the network is selected from the group consisting of cabled, wired, wireless networks and combinations thereof.

6. The system of claim 1 wherein scoring at least the one pattern of interest comprises not matching the individual'"'"'s consumer identity information with the identify information in at least one of the third party databases.

7. The system of claim 1 wherein the at least one alert category is selected from the group comprising aliases, identity discrepancies, address discrepancies, fake addresses, fake credit histories.

8. The system of claim 1 wherein communicating the score comprises transmitting an email notification.

15. The system of claim 1 wherein scoring the at least one pattern of interest comprises not matching the individual'"'"'s consumer identity information with the identify information in at least one of the third party databases.

16. The system of claim 1 wherein the at least one alert category is selected from the group comprising aliases, identity discrepancies, address discrepancies, fake addresses, fake credit histories.

9. A system for verifying an individual'"'"'s identity and preventing identify theft, the system comprising:

a. at least one input device for entering an individual'"'"'s consumer identity information;

b. third party databases storing identity data;

c. a network communicating with third party databases and the at least one input device; and

d. a processing unit communicating with at least one of the input device, the third party databases and the network, the processing unit containing instructions operating thereon for;

i. verifying the individual'"'"'s identity;

ii. identifying a theft prevention plan;

iii. providing user training;

iv. providing reports;

v. providing red flag notification;

vi. enabling user administration; and

vii. enabling partnering with other users and administering such partnering.

10. The system of claim 9 wherein verifying the individual'"'"'s identity comprises the processing unit containing instructions operating thereon for:

a. receiving the individual'"'"'s consumer identify information from the input device;

b. modifying the individual'"'"'s consumer identity information using wild card characters;

c. searching the third part databases using the received individual'"'"'s consumer identify information to identify at least one pattern of interest in at least one alert category;

d. scoring at least the one pattern of interest as a function of at least one Red Flag Rule; and

e. communicating the score to a user.

12. The system of claim 10 wherein the at least one input device is selected from the group comprising desktops, laptops, netbooks, PDA devices and cellphones.

13. The system of claim 10 wherein the at least one input device comprises at least one scanner device.

14. The system of claim 10 wherein the network is selected from the group consisting of cabled, wired, wireless networks and combinations thereof.

17. The system of claim 10 wherein communicating the score comprises sending at least the user an email.

18. A method for verifying an individual'"'"'s identify and preventing identify theft, the method comprising:

a. entering an individual'"'"'s consumer identity information using at least one input device;

b. communicating with third party databases storing identity data using a network communicating with at least the one input device; and

c. processing the entered individual'"'"'s consumer identity information using a processing unit communicating with at least one of the input devices, third party databases and the network, the processing unit containing instructions operating thereon for;

i. receiving the individual'"'"'s consumer identify information from the input device;

ii. searching the third part databases using the received individual'"'"'s consumer identify information to identify at least one pattern of interest in at least one alert category;

iii. scoring at least the one pattern of interest as a function of at least one Red Flag Rule; and

iv. communicating the score to a user.

19. The method of claim 18 further comprising modifying the individual'"'"'s consumer identity information using wild card characters.

20. The method of claim 18 wherein scoring the at least one pattern of interest comprises not matching the individual'"'"'s consumer identity information with the identify information in at least one of the third party databases and the at least one alert category.