Computer-implemented multiple entity dynamic summarization systems and methods

US8805737B1 · kind B1 · utility

Assignee

• SAS INSTITUTE, INC. · US

Inventors

• Kevin CHEN · San Diego, US
• Vijay Desai · San Diego, US
• William Szczuka · San Diego, US
• Andrew D. Engel · Rockford, US
• Ho Ming Luk · San Diego, US
• Brian Lee Duke · Poway, US
• Daniel J. Dotson · Poway, US
• Revathi Subramanian · San Diego, US
• Paul C. Dulany · San Diego, US

Key dates

• Filing date: Nov 2, 2010
• Grant date: Aug 12, 2014
• Expiry date: Jan 31, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are provided for operation upon data processing devices are provided for operating with a fraud detection system. As an example, a system and method can be configured for receiving, throughout a current day in real-time or near real-time, financial transaction data representative of financial transactions initiated by different entities. At multiple times throughout the day, a summarization of the financial transaction data (which has been received within a time period within the current day) is generated. The generated summarization is used to determine whether fraud has occurred with respect to a financial transaction contained in the received authorization data or with respect to a subsequently occurring financial transaction.