System, apparatus and methods for comparing fraud parameters for application during prepaid card enrollment and transactions

A system for managing prepaid device fraud analysis, comprising:

• a database storing prepaid device production data;
• a processor;
• and
• a computer readable medium comprising code executable by the processor, the computer readable medium comprising code for operating a processing engine for running in tandem a same set of production data against a set of production fraud parameters and one or more sets of test fraud parameters to produce a set of suspected fraud cases for each set of the production and test fraud parameters, the computer readable medium coupled to the processor and in communications with the database, wherein the production data is associated with a time period and a set of prepaid accounts.

An apparatus for optimizing a fraud parameter rule set for analysis of fraud in a prepaid device system, comprising:

• one or more databases storing production data;
• a processor;
• and
• a computer readable medium comprising code executable by the processor, the computer readable medium comprising code for operating a processing engine comprising a platform for running in tandem a same set of production data against a set of production fraud parameters and one or more sets of test fraud parameters to produce a set of suspected fraud cases triggered by each set of the production and test fraud parameters and calculating a difference in number of fraud cases produced, the computer readable medium coupled to the processor and in communications with the one or more databases, wherein the production data is associated with a time period and a set of prepaid accounts.