Patent ID: 7325726
Filing Date: 2008-02-05
Classification: G06Q

Abstract:
1. A method for detecting potential unauthorized or fraudulent use of a stored value instrument, said method comprising: providing a database comprising a predetermined rule set; receiving at least one request related to at least one stored value instrument identifier; compiling information concerning said request based on the type of request made; processing said compiled information through said predetermined rule set to thereby determine whether there is a likelihood of potential unauthorized or fraudulent use of said at least one stored value instrument based on said predetermined rule set; and setting a flag if potentially unauthorized or fraudulent use of said stored-value instrument is detected in accordance with said predetermined rule set; and wherein the predetermined rule set comprises at least one of: (i) no more than a predetermined number of balance inquiries related to a single stored-value instrument identifier during a predetermined period of time; (ii) no more than a predetermined number of balance inquiries from a single ANI designation or IP address during a predetermined period of time; (iii) no more than a predetermined number of transactions of a predetermined value in a predetermined geographic locale during a predetermined period of time; (iv) no more than a predetermined number of transaction requests related to an inactive stored-value instrument identifier; (v) no more than a predetermined number of transaction requests related to a stored-value instrument identifier associated with a zero balance; (vi) no more than a predetermined number of transaction requests related to a single stored-value instrument identifier from POS terminals during a predetermined period of time; and (vii) no more than a predetermined number of activation requests related to a single stored-value instrument identifier.