CAPACITY CUSTOMIZATION FOR FRAUD FILTERING
First Claim
1. A method for varying the capacity of a fraud detection system, the method comprising:
- determining transaction volume being processed by a financial institution;
varying the capacity of the filtering system or application based on the transaction volume;
receiving transaction data related to one or more transactions from the transaction volume being processed; and
performing multi-stage filtering on the transaction data received.
1 Assignment
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Accused Products
Abstract
A multi-stage filtering process and system for fraud detection is disclosed. The multi-stage filtering process allows for the ability to dynamically increase/decrease server capacity, as well as application capacity to support fraud detection activities. The system monitors the queues of the transactions being made using various channels, and responds by adjusting the server and application resources needed for performing pre-filtering on the transactions in the queues. The invention allows for the fraud detection systems to maintain the capacity necessary to examine, at some level, if one or more of the transactions being processed by a financial institution are potentially fraudulent. The capacity can be changed during times of high and low volumes, thus allowing the allocation of resources based on transaction volume, which reduces the computing, energy, labor, etc. costs associated with fraud detection systems without losing the ability to detect almost all of the fraudulent transactions occurring.
51 Citations
48 Claims
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1. A method for varying the capacity of a fraud detection system, the method comprising:
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determining transaction volume being processed by a financial institution; varying the capacity of the filtering system or application based on the transaction volume; receiving transaction data related to one or more transactions from the transaction volume being processed; and performing multi-stage filtering on the transaction data received. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 40)
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17. A computer program product for varying the capacity of a fraud detection system, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:
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an executable portion for determining transaction volume being processed by a financial institution; an executable portion for varying the capacity of the filtering system or application based on the transaction volume; an executable portion for receiving transaction data related to one or more transactions from the transaction volume being processed; and an executable portion for performing multi-stage filtering on the transaction data received. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A system for varying the capacity of a fraud detection system, comprising:
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a memory device; a communication device; and a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute computer-readable program code to; determine transaction volume being processed by a financial institution; vary the capacity of the filtering system or application based on the transaction volume; receive transaction data related to one or more transactions from the transaction volume being processed; and perform multi-stage filtering on the transaction data received. - View Dependent Claims (34, 35, 36, 37, 38, 39, 41, 42, 43, 44, 45, 46, 47, 48)
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Specification