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US 2014/0279486 A1Published application
System and method for guarding against fraudulent direct deposit enrollments in an issuer-effectuated enrollment system
AssigneePrepaid Resources, LLC
InventorBarry Kessler
Life of this patent
Estimating the term…
Abstract
Systems and methods disclosed herein provide improved security against fraudulent direct deposit enrollments in an issuer-effectuated direct deposit enrollment system. By providing visibility across multiple account products and issuers, the system is able to detect fraudulent enrollments and create negative lists that may be shared among, and utilized by, multiple issuers.
Claims10
A method of detecting fraudulent direct deposit enrollments, the method comprising:
- receiving and storing direct deposit enrollment request data for a plurality of account holders on behalf of multiple account issuers;
- pre-screening accountholders based on receiving and storing personal data regarding the enrolling accountholder and verifying said data against public record information;
- pre-screening beneficiaries based on receiving and storing personal data regarding the beneficiary and verifying said data against public record information;
- determining whether the account holder is eligible for the requested deposit;
- analyzing the stored data to determine whether the enrollment data matches identified fraudulent enrollment patterns;
- analyzing the stored data to determine whether prior blocked benefit enrollment requests exist for the requesting account holder;
- blocking suspected fraudulent enrollments and storing additional data indicative of the blocked enrollment and the account holder;
- communicating to the account issuer the blocking of a direct deposit enrollment;
- enabling the account issuer to screen actual direct deposit data received associated with blocked accounts, account holders and beneficiaries;
- and
- enabling the account issuer to screen actual direct deposit data received that is inconsistent with data obtained via the direct deposit enrollment process.
8 more elements
A system for detecting fraudulent direct deposit enrollments, comprising:
- data storage comprising data indicative of blocked requests for enrollment in direct deposit for a benefit by a plurality of account holders;
- a processor configured to:
- receive and store direct deposit enrollment request data for a plurality of account holders on behalf of multiple account issuers;
- pre-screen accountholders based on received and stored personal data regarding the enrolling accountholder and further based on a verification of said data against public record information;
- pre-screen beneficiaries based on received and stored personal data regarding the beneficiary and further based on a verification of said data against public record information;
- determining whether the account holder is eligible for the requested deposit;
- analyze the stored data to determine whether the enrollment data matches identified fraudulent enrollment patterns;
- analyze the stored data to determine whether prior blocked benefit enrollment requests exist for the requesting account holder;
- block suspected fraudulent enrollments and store additional data indicative of the blocked enrollment and the account holder;
- communicate to the account issuer the blocking of a direct deposit enrollment;
- enable the account issuer to screen actual direct deposit data received associated with blocked accounts, account holders and beneficiaries;
- and
- enable the account issuer to screen actual direct deposit data received that is inconsistent with data obtained via the direct deposit enrollment process.
10 more elements
Dependencies are inferred from the claim text.