Patent ID: 8165938

Claim:
Method of monitoring fraud associated with prepaid devices, comprising: configuring fraud platform parameters, the parameters further comprising: one or more prepaid device limits defined by one or more values, each limit associated with a particular platform parameter; one or more prepaid device thresholds defined by one or more values, each threshold associated with a particular platform parameter, wherein the one or more prepaid device limits are associated with the one or more prepaid device thresholds and wherein the one or more prepaid device threshold is set below the associated one or more prepaid device limit; one or more rules that define restrictions for certain prepaid device activities; applying the fraud platform parameters to prepaid device production data wherein the prepaid device production data comprises prepaid device holder information and prepaid device buyer information; and determining whether to issue the prepaid device depending on whether any parameters were triggered by the prepaid device production data; validating the prepaid device production data against an internal database or an external database; and confirming cases of fraud associated with prepaid devices based on triggered parameters and validated prepaid device production data.