Scott Waddell

Title: Scott Waddell: Innovator in Fraud Prevention Technology

Introduction

Scott Waddell is a notable inventor based in Lake Oswego, Oregon. He has made significant contributions to the field of fraud prevention through his innovative methods and systems. His work focuses on evaluating risks associated with electronic transactions, which is increasingly important in today's digital economy.

Latest Patents

Scott Waddell holds a patent for a "System and method for evaluating risk in fraud prevention." This invention outlines a method for determining a risk score that indicates the likelihood of fraud or abuse in electronic transactions. The process involves receiving transaction data from a merchant and analyzing various characteristics related to the transaction. By selecting a profile that identifies network devices associated with these characteristics, Waddell's method calculates a profile-based risk factor based on the reputation of these devices. The resulting risk score helps merchants decide whether to proceed with transactions, thereby enhancing security in electronic commerce.

Career Highlights

Scott Waddell is currently employed at Iovation Inc., a company known for its focus on fraud prevention and security solutions. His role at Iovation allows him to apply his expertise in developing innovative technologies that protect businesses and consumers from fraudulent activities.

Collaborations

Throughout his career, Scott has collaborated with talented professionals, including Jim Newman and Bart Lonchar. These partnerships have contributed to the development of effective solutions in the realm of fraud prevention.

Conclusion

Scott Waddell's contributions to fraud prevention technology exemplify the importance of innovation in safeguarding electronic transactions. His patent and work at Iovation Inc. highlight his commitment to enhancing security in the digital landscape.