Payment transaction authentication system and method
US10755281B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 31, 2017 |
| Grant date | Aug 25, 2020 |
| Priority date | — |
| Expiry date | Mar 31, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4016
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
This disclosure describes, in part, techniques for validating a payment transaction between a customer and a merchant via challenge questions. For instance, the method includes determining, by a payment processing system, a level of risk associated with a current payment transaction between the merchant and the customer; in response the level of risk being higher than a threshold, obtaining a query for the customer, wherein the query is based at least on the current payment transaction or one or more past transactions involving the customer; receiving, from a customer device associated with the customer, a response to the query; and validating the current payment transaction based on the response.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.