Blog article
See all stories ยป

An article relating to this blog post on Finextra:

Chase patents card fraud analysis system

Chase Card Services has received a patent for First Watch Intelligence, an analytical application for detecting credit card fraud and ID theft.

See article

Breakthrough patent for something that can be done manually

"Chase Card Services, the credit card division of JP Morgan Chase & Co. [NYSE:JPM], announced that it recently received a patent from the United States Patent Office for its breakthrough fraud prevention technology, First Watch Intelligence."

I just checked out Chase Patent US 7,480,631. Considering BILSKI's  case that was discussed here in FINEXTRA, I would consider Chase's receiving a patent for this completely amazing. I also suspect that it would be easy to challenge this patent based on Federal Circuit's court affirming the USPTO's rejection of BILSKI's patent application.

Chase's patent claims start out as : "A method for detecting and processing fraud and credit abuse, the method comprising: receiving a telephone call from a caller..."  and its third claim goes... "3. The method according to claim 1 further comprising: determining the caller's state of mind; and generating the series of questions based at least in part on the caller's state of mind. "

After reading the remainder of its claims, I don't see how this First Watch Intelligence can be more intelligent than a system that enables cardholders to systematically enter their own user limits and prohibitions (turn on / off their card accounts).


Comments: (0)

Blog group founder

Member since




More from member

This post is from a series of posts in the group:

Transaction Fraud Systems and Analysis

A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.

See all

Now hiring