Methods and systems for determining the reliability of transactions
a technology of reliability and method, applied in the direction of instruments, buying/selling/leasing transactions, data processing applications, etc., can solve the problem that the subsequent transactions attempted with the chargeable account are more likely to be fraudulent transactions, and achieve the effect of increasing the estimated likelihood, and increasing the estimated likelihood
Inactive Publication Date: 2014-08-21
PAYPAL INC
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AI Technical Summary
Benefits of technology
The present invention provides tools to help sellers and other parties identify legitimate buyers and prevent fraudsters from impersonating the true buyers. By analyzing the circumstances under which personal details were submitted, the methods can better discern between legitimate buys and fraudsters. The likelihood of submitting fraudulent personal details is increased when the buyer requests an update to their personal details and when the personal details are submitted in person. The methods also involve asking the buyer to provide a verifying item, such as government identification, to further verify their identity. This reduces the likelihood of submitting fraudulent personal details and prevents fraudsters from impersonating the true buyer.
Problems solved by technology
Therefore, the existence of fraudulent personal details submitted to an account issuer is indicative that subsequent transactions attempted with the chargeable account are more likely to be fraudulent transactions.
Method used
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[0033]Prior to setting forth the invention, it may be helpful to an understanding thereof to first set forth definitions of certain terms that are used hereinafter.
[0034]As used herein the term “personal details” are any extra information associated with a chargeable account. Examples of “personal details” include but are not limited to the account owner's name, his street address, a billing address, an additional address, his phone number, his email address, his government-issued identifier, an additional address, a mother's maiden name, a social security number, etc.
[0035]It is understood that this chargeable account may but does not necessarily belong to a single person, and may be owned by a group of persons, a business, or any other entity.
[0036]As used herein, the term “buyer” refers to any person or entity, which wishes to execute a transaction with a “seller” by using a chargeable account. In different contexts, the term “buyer” may refer to the true owner of the chargeable ...
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Systems and methods for determining a reliability of a transaction involving an account identifier identifying a chargeable account are disclosed. An account identifier identifying a chargeable account is received at a data receiving unit of a verification system. Then a reliability indicator of at least one stored personal detail associated with the chargeable account is determined, the at least one stored personal detail usable to verify at least one candidate personal detail. Then the reliability indicator is caused to be used to verify identity of a user.
Description
RELATED APPLICATIONS[0001]This application is a continuation application of U.S. patent application Ser. No. 10 / 574,546, filed Apr. 3, 2006, which is a U.S. National Stage Filing under 35 U.S.C. 371 from International Patent Application Serial No. PCT / IL2004 / 000928, filed Oct. 10, 2004, and published on Apr. 14, 2005 as WO 2005 / 033830 A2, which claims priority to U.S. Provisional Application Ser. No. 60 / 508,246, filed Oct. 3, 2003, the contents of which are incorporated herein by reference in their entirety.BACKGROUND OF THE INVENTION[0002]Many sellers offer products or services without requiring the physical presence of the buyer. Buyers usually contact such sellers by phone, fax, Short Message Service (SMS), email, or through the seller's website.[0003]In order to pay the seller, the remote buyer will often provide an identifier of a chargeable account, such as a credit card number, debit card number, checking account number, bank account identifier or phone number. The seller the...
Claims
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IPC IPC(8): G06Q30/06G06FG06Q30/00
CPCG06Q30/0609G06Q30/04
Inventor WILF, SAARSHAKED, SHVAT
Owner PAYPAL INC