Processing

Please wait...

Settings

Settings

Goto Application

1. WO2020096701 - ANOMALY DETECTION METHOD FOR FINANCIAL TRANSACTIONS

Publication Number WO/2020/096701
Publication Date 14.05.2020
International Application No. PCT/US2019/052127
International Filing Date 20.09.2019
IPC
G06Q 20/42 2012.01
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20Payment architectures, schemes or protocols
38Payment protocols; Details thereof
42Confirmation, e.g. check or permission by the legal debtor of payment
G06Q 20/40 2012.01
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20Payment architectures, schemes or protocols
38Payment protocols; Details thereof
40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check of credit lines or negative lists
G06Q 20/38 2012.01
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20Payment architectures, schemes or protocols
38Payment protocols; Details thereof
CPC
G06Q 20/102
GPHYSICS
06COMPUTING; CALCULATING; COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20Payment architectures, schemes or protocols
08Payment architectures
10specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
102Bill distribution or payments
G06Q 20/4016
GPHYSICS
06COMPUTING; CALCULATING; COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20Payment architectures, schemes or protocols
38Payment protocols; Details thereof
40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
401Transaction verification
4016involving fraud or risk level assessment in transaction processing
Applicants
  • MASTERCARD INTERNATIONAL INCORPORATED [US]/[US]
Inventors
  • HAWKINS, Tammy, Lynn
  • GROARKE, Peter, J.
Agents
  • DOBBYN, Colm, J.
Priority Data
18205520.209.11.2018EP
Publication Language English (EN)
Filing Language English (EN)
Designated States
Title
(EN) ANOMALY DETECTION METHOD FOR FINANCIAL TRANSACTIONS
(FR) PROCÉDÉ DE DÉTECTION D'ANOMALIE POUR DES TRANSACTIONS FINANCIÈRES
Abstract
(EN)
Financial transactions typically use an exchange of messages between parties associated with a payment interchange network. Fraudulent transactions are a major problem with payment interchange networks - in some cases, liability may not be clear-cut, leading to disputes among the parties about who should compensate the others. In addition, some frauds are only detected after approval or authorization, making it more complicated to resolve any dispute. An improved method is provided to detect anomalies in financial transactions which may be used to assess a risk of fraud. The method comprises providing a computer-implemented approval log (300) which stores a primary account number (310) and one or more transaction attributes (320) from a plurality of approved financial transactions associated with the primary account number (310). A computer- implemented approval anomaly detector (400) is also provided to assess the plurality of approval events. These anomalies are then made available to one or more parties associated with the payment interchange network (200). By monitoring and analyzing approved (and/or conditionally approved) financial transactions, more cases of fraud may be detected than with these traditional techniques.
(FR)
Les transactions financières utilisent typiquement un échange de messages entre des parties associées à un réseau d'échange de paiement. Les transactions frauduleuses sont un problème majeur avec les réseaux d'échange de paiement - dans certains cas, la responsabilité peut ne pas être claire, conduisant à des conflits entre les parties concernant la question de savoir qui doit indemniser les autres. De plus, certaines fraudes sont uniquement détectées après approbation ou autorisation, rendant la résolution de conflit plus compliquée. La présente invention concerne un procédé amélioré pour détecter des anomalies dans des transactions financières qui peuvent être utilisées pour évaluer un risque de fraude. Le procédé consiste à fournir un journal d'approbation mis en œuvre par ordinateur (300) qui stocke un numéro de compte primaire (310) et un ou plusieurs attributs de transaction (320) provenant d'une pluralité de transactions financières approuvées associées au numéro de compte primaire (310). La présente invention concerne également un détecteur d'anomalie d'approbation mis en œuvre par ordinateur (400) pour évaluer la pluralité d'événements d'approbation. Ces anomalies sont ensuite rendues accessibles à une ou plusieurs parties associées au réseau d'échange de paiement (200). En surveillant et en analysant des transactions financières approuvées (et/ou approuvées sous condition), plus de cas de fraude peuvent être détectés qu'au moyen de ces techniques classiques.
Also published as
Latest bibliographic data on file with the International Bureau