Patent US6094643A successfully refreshed from Google Patents.
US6094643A
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System for detecting counterfeit financial card fraud
Assignee: Fair Isaac Corp
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Filing: 1999-03-12
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Granted: 2000-07-25
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Expires: 2019-03-12
Abstract
Abstract Counterfeit financial card fraud is detected based on the premise that the fraudulent activity will reflect itself in clustered groups of suspicious transactions. A system for detecting financial card fraud uses a computer database comprising financial card transaction data reported from a plurality of financial institutions. The transactions are scored by assigning weights to individual transactions to identify suspicious transactions. The geographic region where the transactions took place as well as the time of the transactions are recorded. An event building process then identifies cards involved in suspicious transactions in a same geographic region during a common time period to determine clustered groups of suspicious activity suggesting an organized counterfeit card operation which would otherwise be impossible for the individual financial institutions to detect.
Inventors
- 👤 Douglas D. Anderson
- 👤 Michael J. Urban
- 👤 Eric L. Deterding
- 👤 Richard H. Urban
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-10 00:55
CPC Classifications
G; G06; G06Q; G06Q20/00; G06Q20/22; G06Q20/24; G06Q20/04; G06Q20/08; G06Q20/10; G06Q20/105; G06Q20/108; G06Q20/38; G06Q20/40; G06Q20/401; G06Q20/4016; G06Q20/403; G06Q20/4037; G06Q30/00; G06Q30/018; G06Q30/0185; G06Q40/00; G06Q40/03; G07; G07F; G07F7/00; G07F7/08
Claims Analysis
Total Claims: 16
Claim 1
Independent Claim
126 words
A computer-implemented system for detecting potential counterfeit financial cards, comprising: a computer database comprising financial card transaction data reported from a plurality of financial institutions; scoring means for assigning weights to individual transactions to identify suspicious transactions, the suspicious transactions and particular cards involved in the suspicious transactions being assigned a score; means for categorizing said suspicious transactions into event groups based on a geographic region where said suspicious transactions occurred and a time when said suspicious transactions occurred; event scoring means for scoring said event groups based on transaction scores and card scores in said event groups to identify financial cards involved in a suspicious transaction in a same geographic region during a common time period to identify a cluster of potential counterfeit financial cards.
Claim 2
Dependent Claim
126 words
A computer-implemented system for detecting potential counterfeit financial cards, comprising: a computer database comprising financial card transaction data reported from a plurality of financial institutions; scoring means for assigning weights to individual transactions to identify suspicious transactions, the suspicious transactions and particular cards involved in the suspicious transactions being assigned a score; means for categorizing said suspicious transactions into event groups based on a geographic region where said suspicious transactions occurred and a time when said suspicious transactions occurred; event scoring means for scoring said event groups based on transaction scores and card scores in said event groups to identify financial cards involved in a suspicious transaction in a same geographic region during a common time period to identify a cluster of potential counterfeit financial cards.
Claim 3
Dependent Claim
22 words
A computer-implemented system for detecting potential counterfeit financial cards as recited in claim 1 wherein said common time period comprises one hour.
Claim 4
Dependent Claim
45 words
A computer-implemented system for detecting potential counterfeit financial cards as recited in claim 1 wherein said geographic region comprises one of a continent, a country, a region, a group of states, a county, a zip code, a census tract, a block group and a block.
Claim 5
Dependent Claim
29 words
A computer-implemented system for detecting potential counterfeit financial cards as recited in claim 1 wherein said geographic region comprises regions having same first digits of a zip code region.
Claim 6
Dependent Claim
33 words
A computer-implemented system for detecting potential counterfeit financial cards as recited in claim 1 wherein said suspicious transactions are determined by analyzing standard industrial codes (SICs) of entities where said transactions took place.
Claim 7
Dependent Claim
33 words
A computer-implemented system for detecting potential counterfeit financial cards as recited in claim 5 wherein said suspicious transactions are further determined a dollar amount involved and a transaction successful or transaction denied status.
Claim 8
Dependent Claim
26 words
A computer-implemented system for detecting potential counterfeit financial cards as recited in claim 1 wherein said financial cards are one of credit cards and debit cards.
Claim 9
Dependent Claim
132 words
A computer-implemented method for detecting probable counterfeit financial cards, comprising the steps of: storing in a computer database financial card transaction data reported from a plurality of financial institutions, said data comprising a geographic region where individual transactions occurred and a time when said individual transactions occurred; scoring individual transactions to identify suspicious transactions and scoring financial cards involved in said suspicious transactions; categorizing said suspicious transactions into event groups based on a geographic region where said suspicious transactions occurred and a time when said suspicious transactions occurred; and scoring said event groups based on transaction scores and card scores in said event groups to identify financial cards involved in a suspicious transaction in a same geographic region during a common time period to identify a cluster of potential counterfeit financial cards.
Claim 10
Dependent Claim
132 words
A computer-implemented method for detecting probable counterfeit financial cards, comprising the steps of: storing in a computer database financial card transaction data reported from a plurality of financial institutions, said data comprising a geographic region where individual transactions occurred and a time when said individual transactions occurred; scoring individual transactions to identify suspicious transactions and scoring financial cards involved in said suspicious transactions; categorizing said suspicious transactions into event groups based on a geographic region where said suspicious transactions occurred and a time when said suspicious transactions occurred; and scoring said event groups based on transaction scores and card scores in said event groups to identify financial cards involved in a suspicious transaction in a same geographic region during a common time period to identify a cluster of potential counterfeit financial cards.
Claim 11
Dependent Claim
21 words
A computer-implemented method for detecting probable counterfeit financial cards as recited in claim 8 wherein said time period comprises one hour.
Claim 12
Dependent Claim
45 words
A computer-implemented method for detecting probable counterfeit financial cards as recited in claim 8 wherein said geographic region comprises one of a continent, a country, a region, a group of states, a county, a zip code, a census tract, a block group and a block.
Claim 13
Dependent Claim
30 words
A computer-implemented method for detecting probable counterfeit financial cards as recited in claim 8 wherein said geographic region comprises regions having same first four digits of a zip code region.
Claim 14
Dependent Claim
33 words
A computer-implemented method for detecting probable counterfeit financial cards as recited in claim 8 wherein said suspicious transactions are determined by analyzing standard industrial codes (SICs) of entities where said transactions took place.
Claim 15
Dependent Claim
33 words
A computer-implemented method for detecting probable counterfeit financial cards as recited in claim 8 wherein said suspicious transactions are further determined a dollar amount involved and a transaction successful or transaction denied status.
Claim 16
Dependent Claim
31 words
A computer-implemented method for detecting probable counterfeit financial cards as recited in claim 8 further comprising the step of chaining together events by identifying clusters in different events containing common cards.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-07-25 | 2004-01-24 | 2004-07-25 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-07-25 | 2008-01-24 | 2008-07-25 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-07-25 | 2012-01-24 | 2012-07-25 | $7700.00 | Window Closed / Lapsed |