Check fraud detection system and method
US12254475B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Nov 5, 2024 |
| Grant date | Mar 18, 2025 |
| Priority date | — |
| Expiry date | Nov 5, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06V30/147
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A check processing system detects fraud in real-time by comparing data from presented checks against known check data stored in a Global Check Register (GCR). The system analyzes check images and extracts payee information. Instead of reviewing the entire check for each item of information, a region of interest (ROI) is investigated. The use of an ROI defeats a type of fraud wherein original payee information is placed on the memo line of the check with the payee information changed to a fraudulent payee name. By validating the presented check data against known data points, the system can identify discrepancies and potential fraud in real-time, generating events and notifications for bank employees to take appropriate action in a timely manner.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.