Title:
FRAUD REDUCTION SYSTEM FOR TRANSACTIONS
Document Type and Number:
WIPO Patent Application WO/2011/097638
Kind Code:
A3
Abstract:
A system, apparatus, and method for reducing fraud in payment or other transactions by providing issuers with a warning that a transaction being processed for authorization is potentially fraudulent. In some embodiments, the present invention processes data obtained from a consumer authentication process that is used in card not present (CNP) transactions to determine characteristics or indicia of fraud from previous transactions. The characteristics or indicia of fraud can be used to generate a set of fraud detection rules or another form of fraud assessment model. A proposed transaction can then be evaluated for potential fraud using the fraud assessment model.
Inventors:
DOMINGUEZ BENEDICTO HERNANDEZ (US)
Application Number:
PCT/US2011/024092
Publication Date:
November 24, 2011
Filing Date:
February 08, 2011
Export Citation:
Assignee:
VISA INT SERVICE ASS (US)
DOMINGUEZ BENEDICTO HERNANDEZ (US)
DOMINGUEZ BENEDICTO HERNANDEZ (US)
International Classes:
G06Q20/00
Foreign References:
| US20100005013A1 | 2010-01-07 | |||
| US7231657B2 | 2007-06-12 | |||
| US20030069820A1 | 2003-04-10 | |||
| US20020099649A1 | 2002-07-25 | |||
| KR20080018614A | 2008-02-28 |
Other References:
See also references of EP 2534620A4
Attorney, Agent or Firm:
MINSK, Alan, D. et al. (Two Embarcadero Center 8th Floo, San Francisco CA, US)
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