US 2021/0233082 A1 · FRAUD DETECTION VIA INCREMENTAL FRAUD MODELING

Abstract

An approach is disclosed for identifying fraudulent transactions. The approach receives transaction order data for a transaction order. The approach applies a fraud model to the received transaction order data and generates an initial score. The approach determines whether to tentatively accept the received transaction order based on the generated initial score being less than a first threshold value. The approach applies, in response to tentatively accepting the received transaction order, an incremental fraud model to the received transaction order data and generates a second score. The approach denies the received transaction order when the second score is greater than a second threshold value.

Claims20

Dependent claims

A system comprising:

a memory having instructions stored thereon, and a processor configured to read the instructions to:
receive transaction order data for a transaction order;
apply a fraud model to the received transaction order data and generate an initial score;
determine whether to tentatively accept the received transaction order based on the generated initial score being less than a first threshold value;
apply, in response to tentatively accepting the received transaction order, an incremental fraud model to the received transaction order data and generate a second score;
and
deny the received transaction order when the second score is greater than a second threshold value.

4 more elements

A computer program product comprising:

a non-transitory computer readable medium having program instructions stored thereon, the program instructions executable by one or more processors, the program instructions comprising:
receiving transaction order data for a transaction order;
applying a fraud model to the received transaction order data and generating an initial score;
determining whether to tentatively accept the received transaction order based on the generated initial score being less than a first threshold value;
applying, in response to tentatively accepting the received transaction order, an incremental fraud model to the received transaction order data and generating a second score;
and
denying the received transaction order when the second score is greater than a second threshold value.

4 more elements

Dependencies are inferred from the claim text.

Fraud detection via incremental fraud modeling

Life of this patent

Fraud detection via incremental fraud modeling

Life of this patent

Abstract

Claims20