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:
Dec. 10, 2013
Filed:
Jul. 21, 2011
Somnath Choudhuri, Newark, DE (US);
Daniel Bodalski, Mullica Hill, NJ (US);
Matthew Hoke, Audubon, NJ (US);
Sethu V. Iyer, Kennett Square, PA (US);
Charles Pigg, Plano, TX (US);
Somnath Choudhuri, Newark, DE (US);
Daniel Bodalski, Mullica Hill, NJ (US);
Matthew Hoke, Audubon, NJ (US);
Sethu V. Iyer, Kennett Square, PA (US);
Charles Pigg, Plano, TX (US);
Bank of America Corporation, Charlotte, NC (US);
Abstract
A multi-stage filtering process and system for fraud detection is disclosed. The process includes one or more preliminary filtration stages followed by one or more additional filtration stages that provide for enhanced screening for fraudulent activity. In one such embodiment the preliminary filtration provides for evaluating financial transactions based on financial transaction attribute data and secondary filtration provides for further evaluating the financial transactions based on a customer's account event data. Over a plurality of transactions, a portion of the transactions are cleared for processing (e.g., deemed not likely fraudulent or of too low value to continue processing) after each filtration stage. As such, acceptable transactions are not unnecessarily scrutinized. In specific embodiments, filtration is based on financial transaction data and account event data.