Systems and methods for fraud management in relation to stored value cards
First Claim
1. An account acquisition fraud management system, the account acquisition fraud management system comprising:
- a first analysis engine, wherein the first analysis engine is associated with a first stored value product;
a second analysis engine, wherein the second analysis engine is associated with a second stored value product from a different issuer than an issuer of the first stored value product; and
a cross monitor, wherein the cross monitor is operable to accept a first transaction information from the first analysis engine about a first transaction with the first stored value product and a second transaction information from the second analysis engine about a second transaction with the second stored value product, wherein the first transaction information is provided from the cross monitor to the second analysis engine; and
wherein the second analysis engine is operable to recognize a common load source account to associate the transactions and determine a transaction velocity from the first and second transaction information, and stalling the second transaction when the transaction velocity exceeds a velocity threshold.
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Accused Products
Abstract
Systems and methods for monitoring and/or preventing fraud in relation to account acquisition. In some cases, this account acquisition is ongoing in relation to stored value accounts. Some of the methods provide for receiving suspicious activity indications from one or more issuer analysis engines that are operable to monitor activities occurring in relation to various stored value products. A global negative file is maintained including an update of various of the suspicious activities. An activity request is received from a user in relation to a stored value account, and the activity is checked against the global negative file. A response is generated based at least in part on the information accessible from the global negative file.
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Citations
10 Claims
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1. An account acquisition fraud management system, the account acquisition fraud management system comprising:
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a first analysis engine, wherein the first analysis engine is associated with a first stored value product; a second analysis engine, wherein the second analysis engine is associated with a second stored value product from a different issuer than an issuer of the first stored value product; and a cross monitor, wherein the cross monitor is operable to accept a first transaction information from the first analysis engine about a first transaction with the first stored value product and a second transaction information from the second analysis engine about a second transaction with the second stored value product, wherein the first transaction information is provided from the cross monitor to the second analysis engine; and wherein the second analysis engine is operable to recognize a common load source account to associate the transactions and determine a transaction velocity from the first and second transaction information, and stalling the second transaction when the transaction velocity exceeds a velocity threshold. - View Dependent Claims (2, 3, 4)
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5. A system for suppressing fraudulent activity in relation to account acquisition, the system comprising:
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a first load monitor associated with a first issuer; a second load monitor associated with a second issuer; a first enrollment monitor associated with the first issuer; a second enrollment monitor associated with the second issuer; and a cross monitor, wherein the cross monitor is operable to associate information from the first load monitor or first enrollment monitor, and the second load monitor or second enrollment monitor with a transaction using a first stored value product using common load source account information, and wherein the cross monitor is operable to determine a transaction velocity for the transaction using the information, and communicate the transaction velocity to both the first issuer and the second issuer. - View Dependent Claims (6, 7, 8, 9, 10)
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Specification