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Method and system for automating fraud authorization strategies

  • US 8,032,438 B1
  • Filed: 04/20/2010
  • Issued: 10/04/2011
  • Est. Priority Date: 03/12/2008
  • Status: Active Grant
First Claim
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1. A computer implemented method for automatically implementing a fraud strategy, the method comprising the steps of:

  • using a computer processor;

    receiving transaction data related to a customer transaction based on a payment instrument;

    retrieving a customer spending profile for the customer from at least one database;

    automatically identifying a spending pattern based on one or more factors associated with the customer spending profile;

    automatically determining that the customer transaction is a normal transaction based on a consistency between the identified spending pattern and the transaction data; and

    approving the customer transaction.

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