System and method of detecting fraud
US7668769B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 3, 2006 |
| Grant date | Feb 23, 2010 |
| Priority date | — |
| Expiry date | Dec 15, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Embodiments include systems and methods of detecting fraud. In particular, one embodiment includes a system and method of detecting fraud in transaction data such as payment card transaction data. For example, one embodiment includes a computerized method of detecting that comprises receiving data associated with a financial transaction and at least one transacting entity, wherein the data associated with the transacting entity comprises at least a portion of each of a plurality of historical transactions of the transacting entity, applying the data to at least one first model, generating a score based on the first model, and generating data indicative of fraud based at least partly on the score. Other embodiments include systems and methods of generating models for use in fraud detection systems.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.