User authentication based on historical transaction data

US9331994B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• David M. Grigg · Rock Hill, US
• Peter John Bertanzetti · Charlotte, US
• Michael E. Toth · Charlotte, US
• Carrie Anne Hanson · Charlotte, US
• Elizabeth S. Votaw · Potomac, US

Key dates

• Filing date: Feb 7, 2014
• Grant date: May 3, 2016
• Expiry date: Feb 7, 2034

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04W12/61
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments are directed to systems, methods and computer program products for providing user authentication based on transaction data. Embodiments receive from a user, a request to execute a user action associated with an application, wherein execution of the user action requires validation of authentication credentials; collect a transaction set of data comprising information related to transactions conducted by the user; collect a location set of data comprising information related to a physical location of the user; determine a transaction proximity score associated with the user and the transactions; determine a level of authentication associated with the determined transaction proximity score; determine which authentication types are associated with the level of authentication; request authentication credentials; receive authentication credentials from the user; validate the authentication credentials, thereby resulting in a successful validation of the authentication credentials; and, in response to the successful validation of the authentication credentials, execute the user action.