Abstract: A real-time system and method for determining whether to invoke a fraud alert notification to a bank concerning an account holder or an item issuer following an interim determination that the account holder or item issuer has participated in a fraudulent transaction. An interim determination is updated based in part on bank transaction data received following the interim determination.
Type:
Application
Filed:
October 1, 2024
Publication date:
January 16, 2025
Applicant:
VALID SYSTEMS, LLC
Inventors:
Dyron Clower, John Templer, La Shonna Sharp, Aaron Calipari, Michael Ring, Michael Serrette, Nickolas Ledford, Lawrence Dugger, Rodney Drake, Diana Hayes
Abstract: A real-time system and method for determining whether to invoke a fraud alert notification to a bank concerning an account holder or an item issuer following an interim determination that the account holder or item issuer has participated in a fraudulent transaction. An interim determination is updated based in part on bank transaction data received following the interim determination.
Type:
Grant
Filed:
May 22, 2017
Date of Patent:
October 15, 2024
Assignee:
VALID SYSTEMS, LLC
Inventors:
Dyron Clower, John Templer, La Shonna Sharp, Aaron Calipari, Michael Ring, Michael Serrette, Nickolas Ledford, Lawrence Dugger, Rodney Drake, Diana Hayes
Abstract: A real-time system and method for invoking a fraud alert notification to a bank prompted by an abandoned deposit following a denied accelerated funding request for a financial item.
Type:
Application
Filed:
February 16, 2024
Publication date:
June 6, 2024
Applicant:
VALID SYSTEMS, LLC
Inventors:
Dyron Clower, John Templer, La Shonna Sharp, Aaron Calipari, Michael Ring, Michael Serrette, Nickolas Ledford, Lawrence Dugger, Rodney Drake, Diana Hayes
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