Invention Grant
- Patent Title: Systems and methods for identifying fraudulent common point of purchases
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Application No.: US18301801Application Date: 2023-04-17
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Publication No.: US11978054B2Publication Date: 2024-05-07
- Inventor: Joshua A. Allbright , Christopher John Merz
- Applicant: MASTERCARD INTERNATIONAL INCORPORATED
- Applicant Address: US NY Purchase
- Assignee: MASTERCARD INTERNATIONAL INCORPORATED
- Current Assignee: MASTERCARD INTERNATIONAL INCORPORATED
- Current Assignee Address: US NY Purchase
- Agency: Armstrong Teasdale LLP
- Main IPC: G06Q20/40
- IPC: G06Q20/40 ; G06F16/22 ; G06F16/903 ; G06F16/951 ; G06F16/955 ; G06Q20/34 ; G06Q20/36

Abstract:
A common point of purchase (CPP) system for identifying a common point of purchases involved in fraudulent or unauthorized payment transactions is provided. The CPP system includes a common point of purchase (CPP) computing device that is configured to receive transaction data and build a table in a database, the table including recording pairing merchant and account identifiers. The CPP computing device is also configured to receive a list of flagged account identifiers and compare the list to the table. The CPP computing device is further configured to compute a metric and build a merchant profile for each merchant, for display at a client system.
Public/Granted literature
- US20230252481A1 SYSTEMS AND METHODS FOR IDENTIFYING FRAUDULENT COMMON POINT OF PURCHASES Public/Granted day:2023-08-10
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