System for detecting counterfeit financial card fraud

  • US 6,094,643 A
  • Filed: 03/12/1999
  • Issued: 07/25/2000
  • Est. Priority Date: 06/14/1996
  • Status: Expired due to Term
First Claim
Patent Images

1. A computer-implemented system for detecting potential counterfeit financial cards, comprising:

  • a computer database comprising financial card transaction data reported from a plurality of financial institutions;

    scoring means for assigning weights to individual transactions to identify suspicious transactions, the suspicious transactions and particular cards involved in the suspicious transactions being assigned a score;

    means for categorizing said suspicious transactions into event groups based on a geographic region where said suspicious transactions occurred and a time when said suspicious transactions occurred;

    event scoring means for scoring said event groups based on transaction scores and card scores in said event groups to identify financial cards involved in a suspicious transaction in a same geographic region during a common time period to identify a cluster of potential counterfeit financial cards.

View all claims

    Thank you for your feedback