Embodiments include systems and methods of detecting fraud. In particular,
one embodiment includes a system and method of detecting fraud in
transaction data such as payment card transaction data. For example, one
embodiment includes a computerized method of detecting that comprises
receiving data associated with a financial transaction and at least one
transacting entity, wherein the data associated with the transacting
entity comprises at least a portion of each of a plurality of historical
transactions of the transacting entity, applying the data to at least one
first model, generating a score based on the first model, and generating
data indicative of fraud based at least partly on the score. Other
embodiments include systems and methods of generating models for use in
fraud detection systems.