Patent ID: 7096192
Filing Date: 2006-08-22
Classification: G06Q

Abstract:
1. A method for detecting fraud in a transaction between a consumer and a merchant over the Internet, wherein the transaction involves the consumer purchasing a product from the merchant using a credit card, the method comprising the steps of: receiving, from the merchant, transaction information that identifies the consumer and the product, including an Internet address of the consumer; receiving, from the merchant, credit card information associated with the consumer that identifies the credit card to be used in the transaction; verifying the credit card information based upon a consistency check that determines whether the credit card information matches the consumer; verifying the credit card information based upon a history check that determines whether the credit card information is consistent with the transaction information; verifying the credit card information based upon an automatic verification system; verifying the credit card information based upon an Internet identification system that determines whether a physical address specified in the transaction information is consistent with other physical addresses that have been specified in a database of records of other transaction information for other transactions that are associated with the Internet address of the consumer; creating and storing a fraud score value based on the verifying steps that provides the merchant with a quantifiable indication of whether the credit card transaction is fraudulent.