METHOD AND SYSTEM FOR DETECTING FRAUDULENT INTERNET MERCHANTS
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- Patent
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Systems and methods for detecting fraudulent merchants using the content of orders completed by the merchants. A fraud detection engine of a fraud detection system generates a fraud detection model using feature data extracted from order content data for known fraudulent and known non-fraudulent merchants. The fraud detection engine executes the model using feature data extracted from order content data for a target merchant to determine a fraud risk associated with the target merchant. If the fraud risk of the merchant is indicative of a fraudulent merchant, the fraud detection system can issue a request to a fraud analyst to review the target merchant further. The results of the fraud analyst's review can be used to update the fraud detection model.