First Data Corporation

The Western Union Company

Robert George Degen

Philip T Mellinger

Brian Prendergast

Duane Ritter

Scott C Hansen

David Wittman

Systems and methods for evaluating electronic value transfers. Various of the methods include graduating a defined affinity between transactions to increasing levels of scrutiny. At an increased level of scrutiny, reports can be generated indicating suspicious activity and/or interdiction procedures can be implemented to reduce the occurrence of the detected suspicious activity. Various of the systems are tailored to implement the aforementioned methods.

Systems and methods for graduated suspicious activity detection

Systems and methods for evaluating electronic value transfers. Various of the methods include receiving money transfer requests, electronically storing records of the money transfer requests, and performing an analysis of the records. The analysis of the records can indicate that two or more of the records are related. The related records are associated with a reference designator that is used to search money transfer records and identify suspect activity. The systems can include a fraud processing system associated with a money transfer system.

Money transfer evaluation systems and methods

Methods and systems are provided for assessing a security risk for a merchant entity having connectivity to a shared network. Information describing characteristics of the merchant entity are received from the merchant entity. A determination is made which test requirements of a security test scheme are to be used in assessing the security risk for the merchant entity. The security test scheme includes a set of test requirements whose satisfaction by the merchant entity is sufficient to ensure compliance with a multiple sets of security requirements defined by multiple payment-processing organizations. The security test scheme is executed with a security compliance authority server in accordance with the determined test requirements.

Methods and systems for performing security risk assessments of internet merchant entities

Systems and methods for evaluating transactions to determine if suspicious activities are possibly present. Various methods include providing a reference designator list with information associated with one or more suspicious activities. Using the reference designator list, a first and a second transaction systems are evaluated. Various systems include two or more transaction systems utilizing information from a fraud detection system.

System and method for detecting fraudulent calls

A system and method that determines when fraudulent activity, such as relates to a credit card, etc., may be imminent. The system and method of the invention allows for warning a credit issuer of probable fraudulent activity at an early stage. Probable fraudulent activity is determined by: receiving at a receiving center an authorization request from a user for a dollar amount; and determining, using a fraud test, if the authorization request is likely to be indicative of fraudulent activity.

A method and system is disclosed for scoring a match between applicant data provided by a client and data stored in a fraud database. The system includes a merchant application having a unique identifier portion, a non-unique identifier portion, and a reference portion, a processor having access to the merchant information for calculating a first match score based on a match occurring in the non-unique identifier portion, a second match score based on a match occurring in the unique identifier portion, and a third match score based on a match occurring in the reference portion, and wherein the processor sums the first, second, and third match scores to arrive at a total match score to determine whether the total match score has exceeded a predefined match score. If the predefined match score is exceed then an alert is sent to the client informing the client that a fraud match with a high degree of reliability has occurred.

Scoring methodology for purchasing card fraud detection

Identifying and notifying credit card issuing banks of an increased risk of credit card fraud. An early warning system assists credit card transaction processors and credit card issuing banks reduce occurrences of credit card fraud. By analyzing transaction data and credit card account information, an authorization decision is made and transmitted to the merchant. The authorization decision either approves or denies the credit card transaction. Conventional authorization systems employ a security code that can be transmitted with an authorization request to limit authorization to transactions including the proper security code. Because some issuing banks do not utilize the security code system, they are exposed to an increased risk of credit card fraud. The early warning system can be used to monitor the authorization decisions that are transmitted by the processor to the merchant. By compiling data on the occurrences of mismatches between an expected security code and the security code provided by the authorization request, the early warning system can notify processors and/or issuing banks that they are exposed to an increased risk of credit card fraud. Additionally, the early warning system can detect attempts by credit card thieves to identify exposed banks. Detected attempts at credit card fraud can also be used to initiate investigations to apprehend credit card thieves.

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Kennesaw, GA, United States of America

Robert George Degen