Digital River recently announced that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,881,972 entitled, Electronic Commerce System and Method for Detecting Fraud.
As part of the dynamic cross-linking data techniques inherent in Transaction Defender, this technology uses transaction information given by customers during the online checkout process to make instantaneous fraud detection decisions. The technology continually scans data points delivered from more than 150,000 Digital River hosted global online stores to reveal new risk patterns and trends in real-time and quickly identify and stop fraud attacks through one central action.
This patent describes fraud detection technology specifically for purchase order transactions processed by online stores.