The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 14, 2012
Filed:
Jun. 24, 2011
Michael Lewis, Sunnyvale, CA (US);
Frank King, Saratoga, CA (US);
Thomas Arnold, Saratoga, CA (US);
William Wright, Los Gatos, CA (US);
John Pettit, Sausalito, CA (US);
Michael Lewis, Sunnyvale, CA (US);
Frank King, Saratoga, CA (US);
Thomas Arnold, Saratoga, CA (US);
William Wright, Los Gatos, CA (US);
John Pettit, Sausalito, CA (US);
Other;
Abstract
Evaluating fraud risk in a transaction between consumer and a merchant over a network is disclosed. The merchant requests service over the network using a secure, open messaging protocol. An e-commerce transaction or electronic purchase order is received from the merchant, the level of risk associated with each order is measured, and a risk score is returned to the merchant. In one embodiment, data validation, highly predictive artificial intelligence pattern matching, network data aggregation and negative file checks are used to examine numerous factors to calculate fraud risk. A risk score is generated and compared to the merchant's specified risk threshold. The result is returned to the merchant for order disposition.