GB2384087A - Score based decisioning - Google Patents

Score based decisioning Download PDF

Info

Publication number
GB2384087A
GB2384087A GB0308726A GB0308726A GB2384087A GB 2384087 A GB2384087 A GB 2384087A GB 0308726 A GB0308726 A GB 0308726A GB 0308726 A GB0308726 A GB 0308726A GB 2384087 A GB2384087 A GB 2384087A
Authority
GB
United Kingdom
Prior art keywords
merchants
score
fraud
transaction
transactions
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Withdrawn
Application number
GB0308726A
Other versions
GB0308726D0 (en
Inventor
Lee Walter
Daniel Shoham
Wesley K Wilhelm
Joseph P Milana
Allen P Jost
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Fair Isaac Corp
Original Assignee
Fair Isaac Corp
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US09/675,992 external-priority patent/US7251624B1/en
Application filed by Fair Isaac Corp filed Critical Fair Isaac Corp
Publication of GB0308726D0 publication Critical patent/GB0308726D0/en
Publication of GB2384087A publication Critical patent/GB2384087A/en
Withdrawn legal-status Critical Current

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Abstract

The invention aids an entity (119, 120) to selectively request additional data about a user (117) to serve the needs of the entity (119, 120) without causing the user (117) to have an adverse reaction. One embodiment of the invention concerns customers (117) requesting transactions with on-line merchants (120). More specifically, this embodiment aids merchants (120) by detecting Internet credit card transactions that are likely to be fraudulent, and providing the merchants (120) with mechanisms (107) for managing a suspected transaction as it occurs to obtain additional information that can be useful to reducing the likelihood of fraud. An transaction scoring model (107) provides a fraud score for the requested transaction. The fraud score is received at the decision module (114) which evaluates the score with various criteria or filters that can be selected by the merchant (120). Based on the fraud score, some transactions allow an additional request for information.

Description

(72) cost Joseph R. Milana Allen P Jod (74) Agent and/or Address for
Service J A Kemp & Co. 14 South Square, Gray's Inn, LONDON, WC1R 5JJ, United Kingdom
GB0308726A 2000-09-29 2001-09-26 Score based decisioning Withdrawn GB2384087A (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US09/675,992 US7251624B1 (en) 1992-09-08 2000-09-29 Score based decisioning
PCT/US2001/030193 WO2002027610A1 (en) 2000-09-29 2001-09-26 Score based decisioning

Publications (2)

Publication Number Publication Date
GB0308726D0 GB0308726D0 (en) 2003-05-21
GB2384087A true GB2384087A (en) 2003-07-16

Family

ID=24712766

Family Applications (1)

Application Number Title Priority Date Filing Date
GB0308726A Withdrawn GB2384087A (en) 2000-09-29 2001-09-26 Score based decisioning

Country Status (3)

Country Link
AU (1) AU2001294775A1 (en)
GB (1) GB2384087A (en)
WO (1) WO2002027610A1 (en)

Cited By (10)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7841004B1 (en) 2007-04-05 2010-11-23 Consumerinfo.Com, Inc. Child identity monitor
US7991689B1 (en) 2008-07-23 2011-08-02 Experian Information Solutions, Inc. Systems and methods for detecting bust out fraud using credit data
US8214262B1 (en) 2006-12-04 2012-07-03 Lower My Bills, Inc. System and method of enhancing leads
US8364588B2 (en) 2007-05-25 2013-01-29 Experian Information Solutions, Inc. System and method for automated detection of never-pay data sets
US9110916B1 (en) 2006-11-28 2015-08-18 Lower My Bills, Inc. System and method of removing duplicate leads
US9652802B1 (en) 2010-03-24 2017-05-16 Consumerinfo.Com, Inc. Indirect monitoring and reporting of a user's credit data
US10373198B1 (en) 2008-06-13 2019-08-06 Lmb Mortgage Services, Inc. System and method of generating existing customer leads
US10453093B1 (en) 2010-04-30 2019-10-22 Lmb Mortgage Services, Inc. System and method of optimizing matching of leads
US10937090B1 (en) 2009-01-06 2021-03-02 Consumerinfo.Com, Inc. Report existence monitoring
US11030562B1 (en) 2011-10-31 2021-06-08 Consumerinfo.Com, Inc. Pre-data breach monitoring

Families Citing this family (19)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
NZ532258A (en) 2001-10-17 2006-04-28 Npx Technologies Ltd Verfication of a person identifier received online
US8732004B1 (en) 2004-09-22 2014-05-20 Experian Information Solutions, Inc. Automated analysis of data to generate prospect notifications based on trigger events
US8036979B1 (en) 2006-10-05 2011-10-11 Experian Information Solutions, Inc. System and method for generating a finance attribute from tradeline data
US8606666B1 (en) 2007-01-31 2013-12-10 Experian Information Solutions, Inc. System and method for providing an aggregation tool
US8606626B1 (en) 2007-01-31 2013-12-10 Experian Information Solutions, Inc. Systems and methods for providing a direct marketing campaign planning environment
US9396465B2 (en) 2009-07-22 2016-07-19 Visa International Service Association Apparatus including data bearing medium for reducing fraud in payment transactions using a black list
US10438181B2 (en) 2009-07-22 2019-10-08 Visa International Service Association Authorizing a payment transaction using seasoned data
US8620798B2 (en) 2009-09-11 2013-12-31 Visa International Service Association System and method using predicted consumer behavior to reduce use of transaction risk analysis and transaction denials
US9235728B2 (en) 2011-02-18 2016-01-12 Csidentity Corporation System and methods for identifying compromised personally identifiable information on the internet
US10255598B1 (en) 2012-12-06 2019-04-09 Consumerinfo.Com, Inc. Credit card account data extraction
US8812387B1 (en) 2013-03-14 2014-08-19 Csidentity Corporation System and method for identifying related credit inquiries
US9633322B1 (en) 2013-03-15 2017-04-25 Consumerinfo.Com, Inc. Adjustment of knowledge-based authentication
US10262362B1 (en) 2014-02-14 2019-04-16 Experian Information Solutions, Inc. Automatic generation of code for attributes
US20160122817A1 (en) 2014-10-29 2016-05-05 10X Genomics, Inc. Methods and compositions for targeted nucleic acid sequencing
US10339527B1 (en) 2014-10-31 2019-07-02 Experian Information Solutions, Inc. System and architecture for electronic fraud detection
US10242019B1 (en) 2014-12-19 2019-03-26 Experian Information Solutions, Inc. User behavior segmentation using latent topic detection
US11151468B1 (en) 2015-07-02 2021-10-19 Experian Information Solutions, Inc. Behavior analysis using distributed representations of event data
US10699028B1 (en) 2017-09-28 2020-06-30 Csidentity Corporation Identity security architecture systems and methods
US10896472B1 (en) 2017-11-14 2021-01-19 Csidentity Corporation Security and identity verification system and architecture

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5819226A (en) * 1992-09-08 1998-10-06 Hnc Software Inc. Fraud detection using predictive modeling
US6070141A (en) * 1995-05-08 2000-05-30 Image Data, Llc System and method of assessing the quality of an identification transaction using an identificaion quality score

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5819226A (en) * 1992-09-08 1998-10-06 Hnc Software Inc. Fraud detection using predictive modeling
US6330546B1 (en) * 1992-09-08 2001-12-11 Hnc Software, Inc. Risk determination and management using predictive modeling and transaction profiles for individual transacting entities
US6070141A (en) * 1995-05-08 2000-05-30 Image Data, Llc System and method of assessing the quality of an identification transaction using an identificaion quality score

Non-Patent Citations (3)

* Cited by examiner, † Cited by third party
Title
ANONYMOUS. Vendors cast their neural nets to catch fraud in online sales. Debit Card News. 31 May 1999. Vol. 4. No. 23. page 1. *
DEMBY, ELAINE ROBERTSON. Fighting fraud in cyberspace. Collections & Credit Risk. April 2000. Vol. 5 No. 4 pages 67-72. *
MURPHY, PATRICIA A. Fighting Internet card fraud. Credit Card Management. July 2000. Vol. 13. No. 4. pages 18-26 *

Cited By (22)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10204141B1 (en) 2006-11-28 2019-02-12 Lmb Mortgage Services, Inc. System and method of removing duplicate leads
US11106677B2 (en) 2006-11-28 2021-08-31 Lmb Mortgage Services, Inc. System and method of removing duplicate user records
US9110916B1 (en) 2006-11-28 2015-08-18 Lower My Bills, Inc. System and method of removing duplicate leads
US10977675B2 (en) 2006-12-04 2021-04-13 Lmb Mortgage Services, Inc. System and method of enhancing leads
US8214262B1 (en) 2006-12-04 2012-07-03 Lower My Bills, Inc. System and method of enhancing leads
US10255610B1 (en) 2006-12-04 2019-04-09 Lmb Mortgage Services, Inc. System and method of enhancing leads
US7975299B1 (en) 2007-04-05 2011-07-05 Consumerinfo.Com, Inc. Child identity monitor
US7841004B1 (en) 2007-04-05 2010-11-23 Consumerinfo.Com, Inc. Child identity monitor
US8364588B2 (en) 2007-05-25 2013-01-29 Experian Information Solutions, Inc. System and method for automated detection of never-pay data sets
US9251541B2 (en) 2007-05-25 2016-02-02 Experian Information Solutions, Inc. System and method for automated detection of never-pay data sets
US10373198B1 (en) 2008-06-13 2019-08-06 Lmb Mortgage Services, Inc. System and method of generating existing customer leads
US11704693B2 (en) 2008-06-13 2023-07-18 Lmb Mortgage Services, Inc. System and method of generating existing customer leads
US10565617B2 (en) 2008-06-13 2020-02-18 Lmb Mortgage Services, Inc. System and method of generating existing customer leads
US8001042B1 (en) 2008-07-23 2011-08-16 Experian Information Solutions, Inc. Systems and methods for detecting bust out fraud using credit data
US7991689B1 (en) 2008-07-23 2011-08-02 Experian Information Solutions, Inc. Systems and methods for detecting bust out fraud using credit data
US10937090B1 (en) 2009-01-06 2021-03-02 Consumerinfo.Com, Inc. Report existence monitoring
US9652802B1 (en) 2010-03-24 2017-05-16 Consumerinfo.Com, Inc. Indirect monitoring and reporting of a user's credit data
US10909617B2 (en) 2010-03-24 2021-02-02 Consumerinfo.Com, Inc. Indirect monitoring and reporting of a user's credit data
US11430009B2 (en) 2010-04-30 2022-08-30 Lmb Mortgage Services, Inc. System and method of optimizing matching of leads
US10453093B1 (en) 2010-04-30 2019-10-22 Lmb Mortgage Services, Inc. System and method of optimizing matching of leads
US11030562B1 (en) 2011-10-31 2021-06-08 Consumerinfo.Com, Inc. Pre-data breach monitoring
US11568348B1 (en) 2011-10-31 2023-01-31 Consumerinfo.Com, Inc. Pre-data breach monitoring

Also Published As

Publication number Publication date
AU2001294775A1 (en) 2002-04-08
WO2002027610A1 (en) 2002-04-04
GB0308726D0 (en) 2003-05-21

Similar Documents

Publication Publication Date Title
GB2384087A (en) Score based decisioning
US8636203B1 (en) Partial authorization of a financial transaction
KR101334999B1 (en) Method and system for conducting promotional programs
GB2394107A (en) Method and system for providing financial services
AU2010226524B2 (en) Account activity alert
WO2005077079A3 (en) Buyer initiated payment
WO2005124635A3 (en) Financial institution-based transaction processing system and approach
US20060266821A1 (en) System and method for an integrated payment and reward card
US20070034682A1 (en) System for managing risk of financial transactions with location information
US20020139837A1 (en) Purchasing card transaction risk model
US20040083170A1 (en) System and method of integrating loyalty/reward programs with payment identification systems
GB2402244A (en) Credit extension process using a prepaid card
WO2005006111A3 (en) Method and system for facilitating switching of financial institution accounts
WO2001084276A3 (en) International payment system and method
EP1467330A3 (en) System and method for obtaining customer bill information and facilitating bill payment at biller websites
WO2006031626A3 (en) Purchase notication alert forwarding system and method for preventing fraud
BR0009714A (en) Personal payment number format, system and method of processing the personal payment number
EP1647952A3 (en) Method and system for facilitating payment transactions using access devices
WO2004107096A3 (en) Accepting travel related payments from consumer
WO2002077756A3 (en) Provision of transparent proxy services to a user of a client device
WO2007008500A3 (en) Discount applications with registered payment instruments
EP0858057A3 (en) Electronic commerce settlement system
WO2006073907A3 (en) System for facilitating online electronic transactions
WO2006026418A3 (en) Method and system for automated payment authorization and settlement
WO2008024627A3 (en) Gift card system capable of restricting transactions to predesignated items

Legal Events

Date Code Title Description
WAP Application withdrawn, taken to be withdrawn or refused ** after publication under section 16(1)