Fraud analyst smart cookie

a fraud analyst and smart cookie technology, applied in the field of fraud analyst smart cookie, can solve problems such as the determination of fraudulent transactions

Inactive Publication Date: 2007-03-15
GREENE TODD +1
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

If the score exceeds the thresholds, then the transaction is determined to be fraudulent.

Method used

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Examples

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Embodiment Construction

[0026] Before the present methods, systems, and computer program products are disclosed and described, it is to be understood that this invention is not limited to specific methods, specific components, or to particular compositions, as such may, of course, vary. It is also to be understood that the terminology used herein is for the purpose of describing particular embodiments only and is not intended to be limiting.

[0027] As used in the specification and the appended claims, the singular forms “a,”“an” and “the” include plural referents unless the context clearly dictates otherwise. Thus, for example, reference to “an encoder” includes mixtures of encoders, reference to “an encoder” includes mixtures of two or more such encoders, and the like.

[0028] The term “risk factor” includes any factor used in a transaction that has some level of risk associated with it.

[0029] The term “static risk factor” includes any factor that does not change at run time.

[0030] The term “dynamic risk...

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PUM

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Abstract

A fraudulent business transaction application (FBTA) is provided in embodiments of the present invention for monitoring fraudulent transactions. When a consumer supplies account access information in order to carry out an Internet business transaction, the FBTA uses an online fraud mitigation engine to detect phishing intrusions and identity theft. Embodiments are also provided for calculating travel velocity and transaction frequency, which are useful for determining a fraudulent transaction. Further embodiments are provided for authenticating a transaction using a cookie stored on a client device and a behavior profile stored on a server.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS [0001] This application is a continuation-in-part of U.S. application Ser. No. 11 / 209,885, filed on Aug. 23, 2005, which is a continuation-in-part of U.S. application Ser. No. 10 / 943,454, filed on Sep. 17, 2004, which are each herein incorporated by reference in their entirety.BACKGROUND OF THE INVENTION [0002] 1. Field of the Invention [0003] The present invention relates to techniques for detecting fraudulent online transactions. The present invention provides methods, systems, and computer program products for operating a fraud engine that is capable of accepting an IP address and a number of factors relating to an end user in order to determine whether a transaction is fraudulent. [0004] The present invention also relates to methods, systems, and computer program products for calculating a travel velocity between two access locations, determining if a transaction is fraudulent based on a user's travel velocity between two access locations,...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q99/00G06F21/31G06F21/34G06F21/44
CPCG06Q20/40G06Q30/06G06Q30/0603G06Q20/102G06Q50/188G06Q20/4016G06Q40/08
Inventor GREENE, TODDHELSPER, DAVID
Owner GREENE TODD
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