FLAGGING SUSPECT TRANSACTIONS BASED ON SELECTIVE APPLICATION AND ANALYSIS OF RULES

FLAGGING SUSPECT TRANSACTIONS BASED ON SELECTIVE APPLICATION AND ANALYSIS OF RULES

A fraud management system is configured to store rules for detecting fraud. The fraud management system is configured to: receive a transaction involving a consumer and a merchant; select a set of the rules based on information associated with the transaction, information associated with the consume...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: GANTI VISWESWARARAO, VAN ARKEL JOHN HANS
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A fraud management system is configured to store rules for detecting fraud. The fraud management system is configured to: receive a transaction involving a consumer and a merchant; select a set of the rules based on information associated with the transaction, information associated with the consumer, or information associated with the merchant; process the transaction, in parallel, using the selected rules to generate a set of alarms; group the alarms, into groups, based on information associated with the transaction; analyze the groups to generate a fraud score; and output information regarding the fraud score to the merchant to notify the merchant whether the transaction is potentially fraudulent.