Archived posting to the Leica Users Group, 2010/04/07

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Subject: [Leica] Credit Card Fraud
From: rbaron at concentric.net (Robert D. Baron)
Date: Wed, 7 Apr 2010 11:54:42 -0500
References: <C845EB2BCC9A4A15A60AFABCB6261B3A@jimnichols> <4BBBC23F.8030506@cox.net> <5122D235976C43A08179039F07373988@jimnichols> <s2y30db39f21004061703md739598u67b3e56d00bdde26@mail.gmail.com> <v2q19b6d42d1004062013w8d126d2ci6af2b3fea1a92e12@mail.gmail.com> <00c101cad612$83395b10$89ac1130$@net> <4E65FB66-0797-404E-B0CA-F4AECF4A157B@aotera.org>

There's an article today about this:

http://www.thedailybeast.com/blogs-and-stories/2010-04-06/how-mastercard-predicts-divorce/?cid=hp:mainpromo8

http://tinyurl.com/yjqogzf

--Bob

==On Wed, Apr 7, 2010 at 9:51 AM, Spencer Cheng <spencer at aotera.org> 
wrote:
> The credit card companies has some very fancy neural nets and other 
> artificial intelligence (yes, yes, it's an oxymoron :) programs which 
> looks for certain purchase patterns. A typical pattern for credit card 
> fraud is a few small charges (gas,...) followed by major purchases. Large 
> oversea purchase almost always requires manual verification regardless of 
> whether you call your card issuer ahead of time or not.
>
> Regards,
> Spencer
>


Replies: Reply from john.o.newell at comcast.net (J. Newell) ([Leica] Credit Card Fraud)
Reply from jhnichols at lighttube.net (Jim Nichols) ([Leica] Credit Card Fraud)
In reply to: Message from jhnichols at lighttube.net (Jim Nichols) ([Leica] Credit Card Fraud)
Message from kcarney1 at cox.net (Ken Carney) ([Leica] Credit Card Fraud)
Message from jhnichols at lighttube.net (Jim Nichols) ([Leica] Credit Card Fraud)
Message from rbaron at concentric.net (Robert D. Baron) ([Leica] Credit Card Fraud)
Message from passaro.vince at gmail.com (Vince Passaro) ([Leica] Credit Card Fraud)
Message from red735i at earthlink.net (Frank Filippone) ([Leica] Credit Card Fraud)
Message from spencer at aotera.org (Spencer Cheng) ([Leica] Credit Card Fraud)