Patent ID: 7970701
Filing Date: 2011-06-28
Classification: G06Q

Abstract:
1. A method of evaluating fraud risk of an electronic commerce transaction, the method comprising the computer-implemented steps of: receiving transaction data that defines the electronic commerce transaction; determining a first fraud risk score value associated with the electronic commerce transaction based on applying a plurality of tests to the transaction data, wherein each of the plurality of tests determines whether the transaction data appears to represent a genuine transaction based on specified criteria; determining a second fraud risk score value associated with the electronic commerce transaction based on a comparison of the transaction data to historical transaction data; combining the first fraud risk score value and the second fraud risk score value using a statistical model to result in creating a model score value; and blending the model score value with one or more merchant-specific threshold values to result in creating and storing a final fraud risk score value for the electronic commerce transaction; wherein the step of blending the model score value comprises the steps of: wherein the method is performed by one or more computing devices.