Invention Grant
- Patent Title: Systems and methods for incorporating breach velocities into fraud scoring models
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Application No.: US16235529Application Date: 2018-12-28
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Publication No.: US11521211B2Publication Date: 2022-12-06
- Inventor: Joshua A. Allbright , Amudhan Venkatesan , Felix Johannes Flory , 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 ; H04L9/40

Abstract:
A method and system for detecting fraudulent network events in a payment card network by incorporating breach velocities into fraud scoring models are provided. A potential compromise event is detected, and payment cards that transacted at a compromised entity associated with the potential compromise event are identified. Subsequent transaction activity for the payment cards is reviewed, and a data structure for the payment cards are generated. The data structure sorts subsequent transaction activity into fraud score range stripes. The data structure is parsed over a plurality of time periods, and at least one cumulative metric is calculated for each of the time periods in each fraud score range stripe. A plurality of ratio striping values are determined, and a set of feature inputs is generated using the ratio striping values. The feature inputs are applied to a scoring model used to score future real-time transactions initiated using the payment cards.
Public/Granted literature
- US20200211022A1 SYSTEMS AND METHODS FOR INCORPORATING BREACH VELOCITIES INTO FRAUD SCORING MODELS Public/Granted day:2020-07-02
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