Patents by Inventor Pat Phelan

Pat Phelan has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Fraud prevention exchange system and method
    Patent number: 11354670
    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.
    Type: Grant
    Filed: February 27, 2019
    Date of Patent: June 7, 2022
    Assignee: Trans Union LLC
    Inventors: Pat Phelan, Lee Cookman, Jenny Runde, Bala K. Kumar, Jason Ryan, Anthony Carroll, Diarmuid Thoma, Jeff Brown
  • Fraud Prevention Exchange System and Method
    Publication number: 20190266609
    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.
    Type: Application
    Filed: February 27, 2019
    Publication date: August 29, 2019
    Inventors: Pat Phelan, Lee Cookman, Jenny Runde, Bala Krishnamurthy, Jason Ryan, Anthony Carroll, Diarmuid Thoma, Jeff Brown