ENHANCED FRAUD SCREENING PROCESS FOR FILTERING OF NETWORK STATISTICS IN ORDER TO DETECT, BLOCK, AND DETER FRAUDULENT ON-LINE ACTIVITY

摘要

Systems, methods, and computer readable media for screening a transaction for fraud prior to approval. The system comprises a central processing unit, a database coupled to the central processing unit, a plurality of data sources in communication with the central processing unit, and software executing on the central processing unit. Wherein the software parses the data from the plurality of data sources, compiles a list of trusted networks based on the parsed data, compares each transaction to the list of trusted networks, determines if each transaction is legitimate, illegitimate, or of questionable legitimacy based on the comparison and the transaction itself, approves the legitimate transactions, declines illegitimate transactions, and holds questionable transactions for further approval.