Patent ID: 7427016

Claim:
A commercial paper fraud detection method comprising the steps of: receiving commercial paper by a commercial paper cashing agent; wherein said commercial paper is a check; scanning said commercial paper for data; wherein said data are selected from the group consisting of the identity of the drawer, the identity of the drawee, the check number, the issue date, the payment amount, the account number, the account type, and the date, time, and location of receiving said check; determining one or more attributes based on said data; wherein said one or more attributes comprise a known/unknown account number attribute and wherein said known/unknown account number attribute has a value of 100% when said account number is unknown to said commercial paper cashing agent, or 0% when said account number is known to said commercial paper cashing agent; calculating a risk indicator for said commercial paper; wherein said risk indicator is a mathematical function of said attributes; and reporting said risk indicator to said commercial paper cashing agent.