NEW YORK, Sept. 24, 2013 /PRNewswire/ -- ICAP Patent Brokerage announces for sale an innovative set of systems and methods for fraud detection and analysis for increased security during e-commerce and online payments from Softroute Corporation. This IP package will be included in the upcoming sealed bid event taking place on November 21, 2013. Bids for this lot will be accepted starting November 19 through November 21, 2013.
"Due to the anonymity of online customers and increased online identity theft, e-commerce purchases represent a big risk for merchants and consumers. Therefore, we are pleased to offer such strong portfolios describing fraud detection and analysis tools relevant to the countless industries that depend on unwavering security for e-commerce transactions," says Dean Becker, CEO of ICAP Patent Brokerage.
Key Characteristics & Benefits
This lot contains two patent portfolios disclosing effective fraud detection and analysis techniques for online businesses in order to combat unwanted or illegal transactions.
The first portfolio provides processes to detect fraudulent activity during e-commerce transaction by analyzing the behavior of consumers and identifying potential fraud prior to the consummation of a transaction. Although the credit card industry developed several verification procedures, these techniques are only partially effective and typically fail when goods are not shipped to a physical address, and therefore do not provide sufficient protection to the merchant who provides services. This patent allows the merchant to significantly reduce the instances of fraud through their on-line merchant portal, thereby reducing the overall cost of fraudulent activity and reduce or eliminate issues with credit card and processing companies.
The complementary portfolio details methods for tracing Internet actions to a remote computer and to an individual who operates the computer. One aspect provides a technique for generating a computer "fingerprint" based on a user's Internet browsing and purchasing activities. These fingerprints are then used to establish a relationship between users and their computers in order to prevent fraudulent transactions. Another aspect of the system provides a trust ranking to a user based on the consistency of information collected from the user's various online actions.
The techniques help reduce the instances of fraudulent transaction through analysis of customer and computer data, past customer behavior and actions, as well as the association between a consumer and the computer used, allowing merchants to more safely transact with consumers, while increasing consumer confidence. Accordingly, these patent portfolios are highly relevant to any company requiring security during online commerce.
See this technical description of the fraud detection and analysis IP sales offering.
To learn more about the assets available for sale in this portfolio or to place a bid:
Contact Paul Greco of ICAP Patent Brokerage at (212) 815-6692 or via email at Paul.Greco@us.icap.com.
Visit our website to make a patent submission for an upcoming sealed bid event.
About ICAP Patent Brokerage
ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.
SOURCE ICAP Patent Brokerage