Wells fargo bank, n.a. (20240420144). FRAUD IDENTIFICATION AND PREVENTION IN PAY GROUPS
FRAUD IDENTIFICATION AND PREVENTION IN PAY GROUPS
Organization Name
Inventor(s)
Peter Rozovski of Concord CA (US)
Tina D. Mccoy of Charlotte NC (US)
Rhya Volkwein of Stamford CT (US)
Shrisha R. Yelluru of San Francisco CA (US)
Ravi K. Thota of San Francisco CA (US)
FRAUD IDENTIFICATION AND PREVENTION IN PAY GROUPS
This abstract first appeared for US patent application 20240420144 titled 'FRAUD IDENTIFICATION AND PREVENTION IN PAY GROUPS
Original Abstract Submitted
various examples are directed to systems, methods, and computer programs for detecting fraudulent activity and/or fraudulent actors in transaction requests associated with pay groups in a financial institution. for example, a financial server receives a transaction authorization request related to a pay group on an account of a user. the financial server monitors events associated with at least one payee of the pay group and identifies a fraud indication among a first event of the events associated with the at least one payee of the pay group. the financial server blocks the transaction authorization request related to the pay group, including triggering, by the fraud indication, stopping multiple payments to multiple payees of the pay group.