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SYSTEM, METHOD AND COMPUTER-ACCESSIBLE MEDIUM FOR EARLY MERCHANT BREACH FRAUD DETECTION

Abstract:

An exemplary system, method, and computer-accessible medium can include receiving financial information related to a transaction(s) at a first merchant, where the transaction(s) can be based on a financial instrument that can be associated with a second merchant, and where the first merchant can be different than the second merchant, declining the transaction(s), and determining a breach at the second merchant based on the transaction(s). The financial instrument can be a virtual credit card number. The virtual credit card number can be bound to the second merchant. A further transaction(s) can be received at (i) the first merchant or a (ii) third merchant, where the further transaction(s) can be based on (i) the financial instrument or (ii) a further financial instrument that can be associated with the second merchant, and where the third merchant can be different than the second merchant and the first merchant.