Location based transaction authentication

US11836727B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Pankaj Parekh · San Jose, US
• Steve Perez · Mesa, US
• Keith Clithero · Charlotte, US
• Daniel Sanford · Charlotte, US
• Bill Wurz · San Francisco, US

Key dates

• Filing date: Dec 4, 2020
• Grant date: Dec 5, 2023
• Expiry date: May 27, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q2220/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, methods, and apparatuses for authorizing a transaction using location based transaction authentication. The method includes receiving a transaction authorization request for a transaction; determining a location of the transaction; identifying an identity of a user associated with the transaction authorization request; determining a computing device associated with the identified user; determining a location of the determined computing device associated with the identified user; determining a distance between the location of the transaction and the location of the determined computing device; determining that additional authentication is required of the identified user based on the determined distance; prompting, the user for additional authentication information; receiving a response including additional information; and, authorizing the transaction based on the additional information matching stored additional authentication information.