METHOD AND SYSTEM FOR DETECTING FRAUDULENT INTERNET MERCHANTS
First Claim
1. A computer program product for detecting a fraudulent merchant, the computer program product comprising:
- a computer-readable medium comprising;
computer-executable program code for extracting feature data from a plurality of transactions completed by a merchant, the feature data comprising information associated with one or more products purchased in a transaction;
computer-executable program code for executing a fraud detection model using at least the extracted feature data to determine a risk score for the merchant based on the extracted feature data and a correlation of at least a portion of the extracted feature data with feature data associated with known fraudulent merchants; and
computer-executable program code for identifying the merchant for a further action based on the risk score for the merchant.
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Accused Products
Abstract
Systems and methods for detecting fraudulent merchants using the content of orders completed by the merchants. A fraud detection engine of a fraud detection system generates a fraud detection model using feature data extracted from order content data for known fraudulent and known non-fraudulent merchants. The fraud detection engine executes the model using feature data extracted from order content data for a target merchant to determine a fraud risk associated with the target merchant. If the fraud risk of the merchant is indicative of a fraudulent merchant, the fraud detection system can issue a request to a fraud analyst to review the target merchant further. The results of the fraud analyst'"'"'s review can be used to update the fraud detection model.
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Citations
25 Claims
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1. A computer program product for detecting a fraudulent merchant, the computer program product comprising:
a computer-readable medium comprising; computer-executable program code for extracting feature data from a plurality of transactions completed by a merchant, the feature data comprising information associated with one or more products purchased in a transaction; computer-executable program code for executing a fraud detection model using at least the extracted feature data to determine a risk score for the merchant based on the extracted feature data and a correlation of at least a portion of the extracted feature data with feature data associated with known fraudulent merchants; and computer-executable program code for identifying the merchant for a further action based on the risk score for the merchant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer program product for detecting a fraudulent merchant, the computer program product comprising:
a computer-readable medium comprising; computer-executable program code for extracting feature data from a plurality of transactions completed by a merchant, the feature data comprising information associated with one or more products purchased in a transaction; computer-executable program code for executing a fraud detection model using at least the extracted feature data to determine a risk score for the merchant based on the extracted feature data and a correlation of at least a portion of the extracted feature data with feature data associated with known fraudulent merchants; computer-executable program code for determining whether the risk score for the merchant comprises a risk score indicative of a fraudulent merchant; and computer-executable program code for classifying the merchant as fraudulent based on a determination that the risk score for the merchant comprises a risk score indicative of a fraudulent merchant. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A system for detecting fraudulent merchants, the system comprising:
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an online payment processor for receiving transaction data associated with a plurality of transactions completed by each of a plurality of merchants, the transaction data comprising information associated with one or more products purchased in a transaction; a feature extractor in communication with the online payment processor for extracting feature data from the transaction data; and a fraud detection engine for; receiving the extracted feature data from the feature extractor for each merchant; executing a fraud detection model using at least the extracted feature data to determine a risk score for each merchant based on the extracted feature data for that merchant and a correlation of at least a portion of the extracted feature data for that merchant with feature data associated with known fraudulent merchants; and identifying each merchant for a further action based on the risk score for the merchant. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25)
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Specification