Method and system for detecting fraud in a credit card transaction over a computer network
US7096192B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Nov 17, 1999 |
| Grant date | Aug 22, 2006 |
| Priority date | — |
| Expiry date | Nov 17, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/265
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system for detecting fraud in a credit card transaction between consumer and a merchant over the Internet. The method and system comprises obtaining credit card information relating to the transaction from the consumer; and verifying the credit card information based upon a variety of parameters. The variety of parameters are weighted so as to provide a merchant with a quantifiable indication of whether the credit card transaction is fraudulent. In so doing, an integrated verification system is provided which allows a merchant, or the like, to accurately and efficiently determine the validity of a transaction over the Internet.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.