System, apparatus and methods for comparing fraud parameters for application during prepaid card enrollment and transactions

• US 7,627,522 B2
• Filed: 06/04/2007
• Issued: 12/01/2009
• Est. Priority Date: 06/04/2007
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Monk, Justin T.
• Primary Examiner(s): Poinvil; Frantzy
• Application Number:
  US11/757,985
• Publication Number:
  US 20080298573A1
• Time in Patent Office: 911 Days
• Field of Search: 705 10- 44
• US Class Current: 705/38
• CPC Class Codes: G06Q 10/067 Enterprise or organisation modelling
• CPC Class Codes: G06Q 20/3552 Downloading or loading of personalisation data
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/0185 Product, service or business identity fraud
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: H04M 15/00 Arrangements for metering, time-control or time indication ; Metering, charging or billing arrangements for voice wireline or wireless communications, e.g. VoIP
• CPC Class Codes: H04M 15/47 Fraud detection or prevention means
• CPC Class Codes: H04M 2215/0148 Fraud detection or prevention means

Abstract

An apparatus is disclosed. The apparatus is for comparing a set of production fraud parameters with one or more sets of test or proposed fraud parameters run against prepaid card production data in a prepaid card analysis. The apparatus may include a system for uploading a set of production fraud parameters and one or more sets of test fraud parameters, a processing engine for receiving the uploaded parameters for running production data against the set of production fraud parameters in tandem with the one or more sets of test fraud parameters to produce a set of suspected fraud cases triggered by each set of fraud parameters, and one or more databases integrated with or in communications with the processing engine for card validation.

Claims

1. A method of optimizing fraud parameters for prepaid device fraud analysis, comprising:

creating a set of production fraud parameters for prepaid device fraud analysis, the set comprising a plurality of parameters, each parameter defined by at least one of one or more limits, one or more thresholds and one or more rules;

configuring, using a processor, one or more production fraud parameters to create one or more sets of test fraud parameters;

running in tandem, using the processor, the set of production fraud parameters and the one or more sets of test fraud parameters against a same set of production data to produce a result set of one or more suspected fraud cases for each of the fraud parameter sets, wherein the production data is associated with a time period and a set of prepaid accounts; and

comparing, using the processor, the result sets to determine an optimal fraud parameter configuration based on desired results.

2. The method of claim 1, wherein creating the set of production fraud parameters comprises assigning at least one value to one or more of the limits and one or more of the thresholds.

3. The method of claim 2, wherein the assigned values for at least one of the one or more limits and at least one of the one or more thresholds are selectively changed to create the one or more test fraud parameters.

4. The method of claim 1, wherein creating the set of production fraud parameters further comprises associating triggers with the one or more rules.

5. The method of claim 4, wherein at least one trigger is selectively changed to create one or more sets of test fraud parameters based on the production fraud parameters.

6. The method of claim 1, wherein the one or more rules are configurable by selectively activating or deactivating the one or more rules within the fraud parameters.

7. The method of claim 6, wherein at least one of the one or more rules are selectively activated or deactivated in comparison to the set of production fraud parameters to create each of the one or more sets of test fraud parameters.

8. The method of claim 1, wherein a graphical user interface is provided to facilitate configuration of the production and test fraud parameters.

9. The method of claim 1, further comprising determining a difference between a number of suspected fraud cases associated with each production fraud parameter and a number of suspected fraud cases associated with a corresponding test fraud parameter.

10. The method of claim 1, wherein the difference is a percentage difference.

11. A system for managing prepaid device fraud analysis, comprising:

a database storing prepaid device production data;

a processor; and

a computer readable medium comprising code executable by the processor, the computer readable medium comprising code for operating a processing engine for running in tandem a same set of production data against a set of production fraud parameters and one or more sets of test fraud parameters to produce a set of suspected fraud cases for each set of the production and test fraud parameters, the computer readable medium coupled to the processor and in communications with the database, wherein the production data is associated with a time period and a set of prepaid accounts.

12. The system of claim 11, wherein the production data comprises device holder enrollment and load information associated with one or more prepaid devices.

13. A system as in claim 11, wherein each of the fraud parameters comprise a plurality of fraud triggers defined by one or more limits, one or more thresholds and one or more rules.

14. The system of claim 13, wherein the one or more limits and the one or more thresholds are further defined by selectively configurable values.

15. The system of claim 13, wherein the one or more rules are further defined by one or more triggers configurable by selectively activating or deactivating within the fraud parameters.

16. An apparatus for optimizing a fraud parameter rule set for analysis of fraud in a prepaid device system, comprising:

one or more databases storing production data;

a processor; and

a computer readable medium comprising code executable by the processor, the computer readable medium comprising code for operating a processing engine comprising a platform for running in tandem a same set of production data against a set of production fraud parameters and one or more sets of test fraud parameters to produce a set of suspected fraud cases triggered by each set of the production and test fraud parameters and calculating a difference in number of fraud cases produced, the computer readable medium coupled to the processor and in communications with the one or more databases, wherein the production data is associated with a time period and a set of prepaid accounts.

17. The apparatus of claim 16, wherein the sets of production and test fraud parameters comprise a plurality of fraud triggers defined by one or more limits, one or more thresholds and one or more rules.

18. The apparatus of claim 17, wherein the limits, thresholds and rules are configurable.

19. The apparatus of claim 16, wherein the production data comprises device holder enrollment and load information associated with one or more prepaid devices.