Jason W Ryan

US Patent:

20190266609, Aug 29, 2019

Filed:

Feb 27, 2019

Appl. No.:

16/287799

Inventors:

- Chicago IL, US
Lee Cookman - Chicago IL, US
Jenny Runde - Chicago IL, US
Bala Krishnamurthy - Chicago IL, US
Jason Ryan - Chicago IL, US
Anthony Carroll - Chicago IL, US
Diarmuid Thoma - Chicago IL, US
Jeff Brown - Chicago IL, US

International Classification:

G06Q 20/40
G06Q 20/32
G06F 16/901

Abstract:

A fraud prevention exchange system is provided for gathering transaction data for centralized review. The system comprises a database for storing transaction data received from participating lenders and a data retrieval and processing engine for receiving transaction data including a first transaction status code and one or more transaction attributes for a pending transaction from a first participating lender; storing the first transaction status code in association with the transaction attribute(s) in the database; receiving a transaction verification request comprising at least one of the transaction attribute(s) from a second, different participating lender; determining one or more risk alerts for the at least one of the transaction attribute(s) based on the first transaction status code and one or more prior transaction status codes previously stored in the database in association with said attribute; and transmit said risk alert(s) to the second participating lender.