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SYSTEMS AND METHODS FOR MONITORING AND ANALYZING TRANSACTIONS

  • US 20140074762A1
  • Filed: 09/12/2012
  • Published: 03/13/2014
  • Est. Priority Date: 09/12/2011
  • Status: Active Grant
First Claim
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1. A system for performing FRIAR Code-based adjudication comprising:

  • a FRIAR Code processor, configured to match an extracted FRIAR identified element against a Knowledge Base set (KBS) of reference FRIAR identified elements (RFIE);

    a FRIAR Transaction Originator Code processor, configured to match an extracted FRIAR identified element associated with Transaction Originator identification against a Knowledge Base set (KBS) of reference FRIAR Transaction Originator identified elements (RFTOIE);

    a FRIAR Account Code processor, configured to match an extracted FRIAR identified element associated with the Account Name of Record (ANR) against a Knowledge Base set of reference FRIAR Account identified elements (RMAcIE);

    a FRIAR Code selection (ACS) processor for defining a rule set to be applied to the extracted FRIAR identified element and the large indefinite quantity (LIQ) of reference FRIAR identified elements and configured to generate a total FRIAR Code identification function;

    a FRIAR Code threshold processor configured to generate a context-dependent threshold for an acceptable code decision; and

    a decision processor, configured to compare the total FRIAR Code functions to the context-dependent threshold and determine whether to accumulate and aggregate further FRIAR Code aggregation, provide system alerts, render an automatic reclassification, or to generate an auto-accept/auto-deny decision-result.

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