METHOD AND SYSTEM FOR DETECTION OF ANOMALIES IN A MERCHANT CASH PAYMENT FLOW
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United States of America Patent
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Issued Date -
Apr 2, 2015
app pub date -
Sep 27, 2013
filing date -
Sep 27, 2013
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Abstract
A method and system of detecting anomalies in cash flow to and from a merchant includes receiving records from sources of cash flow to and records of deposits of cash flow from the merchant. The records of cash flow to the merchant are preferably provided from external sources independent of the merchant operations. Each record includes a merchant identifier associated with the merchant and a total amount of cash. The records of cash flow to and from the merchant are compared for anomalies and the merchant is flagged for further financial review in response to detecting an anomaly between the records of cash flow to the merchant and the records of cash flow from the merchant. The anomaly can be a discrepancy between the independent records of cash flow to the merchant and a revenue reported by the merchant.
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