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Method and system for detecting possible frauds in payment transactions

  • US 7,610,040 B2
  • Filed: 08/22/2005
  • Issued: 10/27/2009
  • Est. Priority Date: 02/21/2003
  • Status: Expired due to Term
First Claim
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1. Method for detecting possible frauds in payment transactions between at least two partners, said method comprising the steps of:

  • transmitting the payment transaction data and/or payment authorization data over at least one mobile radio network,using at least one multivalued parameter provided by the mobile radio network for detecting a possible fraud attempt being determined in said mobile radio network, wherein said multivalued parameter is a parameter that has a value taken from more than two values,performing said payment transactions over at least one payment service provider,sending to said mobile radio network at least a second multivalued parameter for detecting a possible fraud attempt, said second multivalue parameter being determined by said payment service provider,searching certain combinations of said first and second parameters in order to detect fraud attempts,performing tests for detecting possible frauds before each payment transaction, andperforming said tests at least partially in the infrastructure of said mobile radio network, whereinsaid at least one multivalued parameter includes at least one of the following parameters;

    location of the first partner,identity of the mobile radio network,location of the second partner,trajectory of the first partner,trajectory of the second partner,used combination of mobile device and identification module,transmission channel that is used for the payment transaction,mobile device use profile of the first partner,mobile device use profile of the second partner,manual and/or unusual choice of the used payment service, andtemporal information including time and/or date, and/or day of the week, and further whereinsaid second multivalued parameter includes at least one of the following parameters;

    used payment service,used money account,balance on the used money account,payment service use profile,payment amount,payment transaction frequency,providing partners,several failed attempts at authentication,temporal information including time, and/or date, and/or day of the week,log file of earlier transactions,black list of partners that are blocked for transaction with a certain money account,white list of partners that are authorized for a transaction with a certain money account,grey list of suspect partners,number of transactions with each money account during a predetermined period, andprofile of the partner, whereinsaid partners are bound to several money accounts of several payment service providers and wherein parameters from several payment service providers are used to detect possible frauds, and whereinsaid partners are each bound to several money accounts and further comprising the steps of determining the pair of money accounts that is used for a particular payment transaction automatically by said payment platform.

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