Patent ID: 8903735

Claim:
A method performed in a matching alert server (MAS) comprising at least one processor for pushing advanced warning alerts in a system that requires an information requesting entity to have permissible purpose to receive information about a consumer, the information requesting entity and the consumer being different entities, the method comprising: monitoring, by the MAS, fraud alert triggering events for consumer data elements previously submitted in an account application that resulted in opening of a new account for the consumer who submitted the account application, the fraud alert triggering events occurring after the new account has been opened and including a threshold consumer data element velocity indicating the number of times a consumer data element is received in subsequent account applications for opening additional new accounts within a time period; identifying, in one or more databases, the information requesting entity linked to an account identifier of the new account, wherein the opening of the new account involving the information requesting entity provides the information requesting entity with permissible purpose to receive information about the consumer; and pushing an alert message including information about the fraud triggering events to the information requesting entity when the fraud alert triggering events are detected after the new account has been opened, the alert message being pushed to the information requesting entity without requiring the information requesting entity to verify at the time of the alert message that the information requesting entity has permissible purpose to receive the alert message.