SYSTEM AND METHOD FOR DETECTING FRAUDULENT ACCOUNT ACCESS AND TRANSFERS

摘要

Transfers of money into a recipient accountare analyzed for risk of fraud by using a fraudmonitoring system to analyze characteristics of the recipientaccount. The recipient account characteristicsare stored in a central database, which has account data(for recipient accounts) contributed from a plurality offinancial institutions that maintain such accounts. Whena transfer is made or attempted, the stored characteristicsof the recipient account are analyzed and a riskscore is assigned to the transfer based on the recipientaccount. If the risk score indicates a suspicious orfraudulent transaction, an alert is provided. In an alternativeembodiment, the risk analysis may be supplementedby analysis of transaction data association with thetransfer.