Crowd Funding Fraud Insurance

摘要

A safety product, system, processes and methods for crowdfunding campaigns. The disclosed embodiments allow one to transform information concerning the identity and vocational capabilities of those creating a crowdfunding solicitation from social media and search engines to determine the probability that the person or persons sponsoring the campaign are who they say they are and will be successful in completing the task(s) for which they are raising money. An electronic transaction is performed between a transaction device and a business connection server through a network. A crowdfunding fraud insurance policy is created, priced, offered and, if purchased, delivered to potential investor/supporter(s) of the specified crowdfunding campaign.

主权项

1. A method for collecting information relating to a crowdfunding application on a given crowdfunding website and assembling and evaluating identity and potential business performance data relating to the crowdfunding applicant, resulting in the offering of a fraud insurance policy to a consumer where the method comprises the acts of:
(a) capturing identify information about one or more applicants; (b) capturing basic identification information about the applicant, wherein the basic identification information is taken from social media and other websites; (c) electronically retrieving additional, non-transactional information about the applicant from a social media information database, wherein the social media information database is indexed by the basic identification information taken from the crowdfunding applicant's social media (Facebook®, Twitter®, LinkedIn®, etc.) website, and wherein the consumer is required by the crowdfunding website to maintain up-to-date information in the social media information database; (d) electronically assembling a identify confirmation and vocational data record by combining the crowdfunding application information, the additional, non-transactional social media information and the basic identification information; (e) storing the identify confirmation and vocational data record in a transaction database; (f) periodically updating the identify confirmation and vocational data record with updated additional, non-transactional information by periodically electronically retrieving updated additional, non-transactional information about the crowdfunding applicant from social media, government and non-governmental information database; and (g) analyzing the social media and vocational data record of the crowdfunding applicant to determine whether the crowdfunding insurance applicant meets predefined criterion for the issuance of a crowdfunding fraud insurance policy action.