Reduction of transaction fraud through the use of automatic centralized signature/sign verification combined with credit and fraud scoring during real-time payment card authorization processes

US8885894B2 · kind B2 · utility

Inventors

• Michael J. Rowen · Emmaus, US
• Rodney Beatson · Odenton, US
• Mark A. Kelty · Catonsville, US

Key dates

• Filing date: Mar 25, 2011
• Grant date: Nov 11, 2014
• Expiry date: Sep 11, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G07C9/257
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A dynamic signature/sign biometric verification system for detecting and preventing fraudulent transactions is described. The system comprises remote digital signature/sign input devices, a means to extract spatial and temporal features from the signature, a means to transmit the signature/sign features along with customer identifier information to a centralized signature/sign verification authority, a means for combining signature/sign feature verification with other forms of fraud detection technology, and a means for transmitting the results of a signature/sign verification back to the remote location where the signature/sign was captured. The system was primarily developed for use in payment card industries (e.g. credit cards, debit cards) but has applicability to other centralized signature/sign verification applications such as Automated Teller Machine authorizations and other identity theft detection and monitoring services.