ENHANCED FRAUD SCREENING PROCESS FOR FILTERING OF NETWORK STATISTICS IN ORDER TO DETECT, BLOCK, AND DETER FRAUDULENT ON-LINE ACTIVITY

摘要

Systems, methods, and computer readable media for screening a transaction for fraud prior to approval. The system comprises a central processing unit, a database coupled to the central processing unit, a plurality of data sources in communication with the central processing unit, and software executing on the central processing unit. Wherein the software parses the data from the plurality of data sources, compiles a list of trusted networks based on the parsed data, compares each transaction to the list of trusted networks, determines if each transaction is legitimate, illegitimate, or of questionable legitimacy based on the comparison and the transaction itself, approves the legitimate transactions, declines illegitimate transactions, and holds questionable transactions for further approval.

主权项

1. A system of screening fraudulent online transactions prior to processing the transaction, comprising:
a central processing unit; a plurality of data sources in communication with the central processing unit; software executing on the central processing unit, wherein the software:
parses the data from the plurality of data sources;compiles a list of trusted networks based on the parsed data;collects online payment data for each transaction;compares each transaction to the list of trusted networks to determine if the transaction is originating from a trusted network;determines if each transaction is legitimate, illegitimate, or of questionable legitimacy based on the origin and the online payment data of each transaction;approves and processes the legitimate transactions;declines illegitimate transactions; andholds questionable transactions for further approval.