Like all patent applications, it was a long time coming, but Digital Resolve got the Patent and Trademark Office’s official designation for a technology that the company says is integral to its FraudAnalyst risk-based authentication product.
The patented technology generates a transaction risk score based on the type of network an end user is coming from along with transaction frequency from that specific IP address. The score allows clients across the industry to set acceptable thresholds and ferret out machines that are being used to perpetrate fraud, says Dennis Maicon, evp at Digital Resolve.
The IP velocity patent, as Maicon calls it, is the latest of a handful of pending applications in the area of online fraud detection that the company expects to be approved. Others relate to behavior profiles that are also used in the FraudAnalyst product.