Iovation Inc.

Lifecom, Inc.

Bart Lonchar

Jim Newman

Scott Waddell

Stephen Jay Datena

A method of determining a risk score indicating a risk that an electronic transaction will involve fraud and/or abuse. The method includes receiving transaction data associated with a not yet completed transaction from a merchant. The transaction data includes one or more characteristics related to the transaction. A profile is selected that identifies network devices each associated with the characteristics and having a device reputation. Next, a profile-based risk factor is determined as a function of a percentage of the network devices having a negative reputation. The risk score is determined as a function of the profile-based risk factor. In some embodiments, a transaction-based risk factor may also be determined. In such embodiments, the risk score is determined as a function of the profile-based and transaction-based risk factors. The risk score is provided to the merchant to be used thereby to determine whether to proceed with the transaction.

System and method for evaluating risk in fraud prevention

A computer-based method and apparatus for assessing problems and situations in a defined knowledge domain, employing both (a) an inferential database of elemental data components, as domain-wide as possible, which are relevant to the domain, and (b) periodic statistical reviews of reported assessment results in relation to that database to establish the certainty levels of such results. The invention employs nonlinear assessment techniques likenable to human reasoning, and thereby, as well as in other ways, conducts assessment tasks in a manner that differentiates it from conventional, machine-based, linear problem resolution.

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Portland, OR, United States of America

Bart Lonchar