Systems and methods for detecting fraud
AssigneeFair Isaac Corporation
InventorTheodore Crooks
Life of this patent
Estimating the term…
Abstract
A method for detecting likely fraud is described. The method includes obtaining from a first financial organization first information relating to a first financial account indicative of financial performance for the first financial account, obtaining from a second financial organization independent of the first financial organization second information relating to a second financial account indicative of financial performance for the second financial account, and determining if the first financial account and the second financial account relate to a common customer, and if they do, analyzing the first information and the second information to determine a likelihood of fraud in one of the accounts.
Claims13
A method for detecting likely fraud in a financial system, comprising:
- obtaining from a first financial organization first information relating to a first financial account indicative of financial performance for the first financial account, the first information containing no personally identifiable information for the first financial account;
- obtaining from a second financial organization independent of the first financial organization second information relating to a second financial account indicative of financial performance for the second financial account, the second information containing no personally identifiable information for the second financial account;
- and
- determining if the first financial account and the second financial account relate to a common customer as identified by an independent registration server, and if they do, analyzing the first information and the second information to determine a likelihood of fraud in one of the accounts.
A fraud detection system, comprising:
- a registration server to receive accountholder identifying information and to generate corresponding identifying information containing no otherwise personally identifiable information for the accountholder;
- a fraud clearinghouse server configured to receive the information containing no personally identifiable information from the registration server, to receive from a plurality of financial institutions transaction information associated with the information containing no personally identifiable information, and to generate fraud profiles from the transaction information for each of a plurality of accountholders for whom information containing no personally identifiable information has been received.
Dependencies are inferred from the claim text.