Transaction validation and fraud mitigation
US11157907B1 · kind B1 · utility
17Cited by
74References
20Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Apr 26, 2017 |
| Grant date | Oct 26, 2021 |
| Priority date | — |
| Expiry date | May 12, 2039 |
Classification
- Technology area (CPC B)Performing Operations; Transporting
- CPC primaryB64U2101/30
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods that can verify transactions based upon location disparity between an account holder and POS (point of sale) as well as identity of a customer are provided. The system can employ camera-equipped drones or other image capture mechanisms to perform identity verification on behalf of a financial entity, cardholder or merchant. Further, the innovation provides systems and methodologies by which allegedly fraudulent or suspect transactions can be blocked or further investigated in real- or near real-time so as to assist in loss mitigation and potentially identification of fraudsters.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.