Patent ID: 8219491
Filing Date: 2012-07-10
Classification: G06Q

Abstract:
1. A computer-implemented method of protecting account holders against fraudulent transactions involving financial accounts, comprising the steps of: comparing transaction data received through a data communication device with preset notification criteria stored in memory, wherein the transaction data is associated with an underlying financial transaction involving an account and the preset notification data relates to characteristics of financial transactions; suspending the underlying transaction if the preset notification criteria is satisfied by the transaction data, wherein suspension prevents the underlying transaction from being finalized; and querying the account holder of the underlying transaction associated with the transaction data through a data communication device as to whether the underlying transaction is disputed, wherein further information as required by any applicable rules is requested from the account holder if a dispute of the underlying transaction is indicated by the account holder, and wherein the comparing, suspending and querying steps are facilitated by one or more data processing devices.