Identification and management of fraudulent credit/debit card purchases at merchant ecommerce sites

US7263506B2 · kind B2 · utility

Assignee

• Fair Isaac Corporation · US

Inventors

• Walter W. Lee · Lemon Grove, US
• Joseph P. Milana · San Diego, US
• Wesley K. Wilhelm · Spokane, US
• Min Shao · Nanjing, CN

Key dates

• Filing date: Feb 12, 2001
• Grant date: Aug 28, 2007
• Expiry date: Aug 11, 2024

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Transaction processing of online transactions at merchant sites determines the likelihood that such transactions are fraudulent, accounting for unreliable fields of a transaction order, which fields do not reliably identify a purchaser. A scoring server using statistical model uses multiple profiles associated with key fields, along with weights to indicate the degree to which the profiles identify the purchaser of the transaction.