Method, System, and Computer Program Product for Fraud Detection

A computing system comprising:

• one or more processors programmed and/or configured to:
• receive transaction data associated with a plurality of transactions;
• determine based on the transaction data, that two or more consecutive transactions associated with a same account identifier include a value for a same at least one transaction parameter;
• in response to determining that each of the two or more consecutive transactions associated with the same account identifier include the value for the same at least one transaction parameter, determine, a difference between the value for the at least one transaction parameter associated with a first transaction of the two or more consecutive transactions and the value for the at least one transaction parameter associated with a second transaction of the two or more consecutive transactions;
• and
• determine, based on the difference, that the two or more consecutive transactions are fraudulent transactions.

A computer program product comprising at least one non-transitory computer-readable medium including program instructions that, when executed by at least one processor, cause the at least one processor to:

• receive transaction data associated with a plurality of transactions;
• determine based on the transaction data, that two or more consecutive transactions associated with a same account identifier include a value for a same at least one transaction parameter;
• in response to determining that each of the two or more consecutive transactions associated with the same account identifier include the value for the same at least one transaction parameter, determine, a difference between the value for the at least one transaction parameter associated with a first transaction of the two or more consecutive transactions and the value for the at least one transaction parameter associated with a second transaction of the two or more consecutive transactions;
• and
• determine, based on the difference, that the two or more consecutive transactions are fraudulent transactions.