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Location controls on payment card transactions

  • US 10,204,333 B2
  • Filed: 02/27/2015
  • Issued: 02/12/2019
  • Est. Priority Date: 08/19/2009
  • Status: Active Grant
First Claim
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1. A method of processing geographic location data the method comprising the steps of:

  • storing, in a memory device of a managing computer system, a plurality of cardholder data, wherein each cardholder data, of the plurality of cardholder data, associates identification information of a cardholder mobile terminal with cardholder payment account data,receiving, by the managing computer system, via a payment network, from a point of sale terminal of a plurality of point of sale terminals, an authorization request for processing an electronic transaction pending with a merchant, wherein the authorization request comprises at least (i) an identifier associated with the cardholder payment account and (ii) data representative of the geographic location of the point of sale terminal;

    receiving, by the managing computer system, from the cardholder mobile terminal, via a mobile device application installed on the cardholder mobile terminal, cardholder mobile terminal location data representative of the geographical location of the cardholder mobile terminal, wherein (i) the mobile device application enables the cardholder mobile terminal to communicate with the managing computer system, (ii) the cardholder mobile terminal location data is determined by electronics of the cardholder mobile terminal, and (iii) the step of receiving of the cardholder mobile terminal location data is performed prior to the step of receiving the authorization request;

    storing, in the memory device of the managing computer system, the cardholder mobile terminal location data, wherein the cardholder mobile terminal location data is associated with the cardholder data;

    determining, by the managing computer system a radius of proximity specific to the pending electronic transaction, wherein said radius of proximity is dynamically determined, on a transaction-by-transaction basis, based on a transaction amount of a respective transaction;

    obtaining, by the managing computer system, from the authorization request, the data representative of the geographical location of the point of sale terminal;

    obtaining, from the memory device, the cardholder mobile terminal location data representative of the geographical location of the cardholder mobile terminal;

    comparing, by the managing computer system, the data representative of the geographical location of the point of sale terminal and the cardholder mobile terminal location data;

    based on said comparison, determining, by the managing computer system, if the geographical location of the point of sale terminal and the geographical location of the cardholder mobile terminal are (i) within the determined radius of proximity and (ii) within a same local community, wherein the cardholder mobile terminal location data indicates the last known location of the cardholder mobile terminal andin response to a determination indicating that the point of sale terminal and the cardholder mobile terminal are at least one of (i) not located within the radius of proximity to one another and (ii) not located within the same local community, communicating, from the managing computer system, an alert message over the payment network to the cardholder mobile terminal, wherein the alert message flags the electronic transaction as potentially fraudulent.

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