Mobile communications message verification of financial transactions

• US 10,580,009 B2
• Filed: 10/13/2017
• Issued: 03/03/2020
• Est. Priority Date: 07/31/2009
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Snyder, Randall A., Ginter, Thomas S.
• Primary Examiner(s): Keller, Michael A
• Assistant Examiner(s): Lin, Jsing Forng
• Application Number:
  US15/783,488
• Publication Number:
  US 20180053191A1
• Time in Patent Office: 872 Days
• Field of Search: None
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation

Abstract

A system and method for verifying a secure transaction by evaluating the transaction, generating a first verification value for the transaction, sending an electronic mobile message to a wireless device associated with the transaction, receiving a response from the wireless device to the electronic mobile message associated with the transaction and generating a new second verification value for the transaction based on the response is provided. The second verification value may be used to validate or invalidate the secure transaction.

Claims

1. A method comprising:

receiving a transaction verification message at a wireless device associated with a wireless device ID from a mobile identity verification system, when a first verification value meets predetermined criterion, wherein the transaction verification message is not sent to the wireless device when the first verification value does not meet the predetermined criterion, and wherein the first verification value is generated by evaluating a transaction based on the wireless device ID and a transaction location of the transaction; and

transmitting, by the wireless device to the mobile identity verification system, a message response confirming authorization of the transaction, wherein the mobile identity verification system re-evaluates the transaction based on the message response, thereby generating a second verification value based at least in part on the first verification value and the message response, wherein the second verification value is statistically determined and indicates a second probability that the transaction is fraudulent, wherein generating the second verification value includes adding or subtracting a predetermined value with respect to the first verification value, and wherein the mobile identity verification system electronically sends the second verification value to a transaction processor, the transaction processor performing an action based on the second verification value.

2. The method of claim 1, wherein the transaction verification message is a short message service (SMS) message.

3. The method of claim 1, wherein the transaction verification message is an email message.

4. The method of claim 1, further comprising:

receiving a manual input from a user prior to transmitting.

5. The method of claim 1, wherein the action performed using the second verification value approves the transaction.

6. The method of claim 1, wherein the action performed using the second verification value rejects the transaction.

7. The method of claim 1, wherein the transaction verification message includes the transaction location of the transaction.

8. The method of claim 1, wherein the transaction verification message includes a transaction amount.

9. The method of claim 1, wherein the transaction verification message includes an identification of the transaction processor associated with the transaction, the transaction location of the transaction, a transaction amount, and instructions for responding to the transaction verification message.

10. A wireless device comprising:

a processor; and

a non-transitory computer readable medium coupled to the processor, the computer readable medium comprising code, executable by the processor for implementing a method comprising

receiving a transaction verification message at a wireless device associated with a wireless device ID from a mobile identity verification system, when a first verification value meets predetermined criterion, wherein the transaction verification message is not sent to the wireless device when the first verification value does not meet the predetermined criterion, and wherein the first verification value is generated by evaluating a transaction based on the wireless device ID and a transaction location of the transaction, and

transmitting, by the wireless device to the mobile identity verification system, a message response confirming authorization of the transaction, wherein the mobile identity verification system re-evaluates the transaction based on the message response, thereby generating a second verification value based at least in part on the first verification value and the message response, wherein the second verification value is statistically determined and indicates a second probability that the transaction is fraudulent, wherein generating the second verification value includes adding or subtracting a predetermined value with respect to the first verification value, and wherein the mobile identity verification system electronically sends the second verification value to a transaction processor, the transaction processor performing an action based on the second verification value.

11. The wireless device of claim 10, wherein the transaction verification message is a short message service (SMS) message.

12. The wireless device of claim 10, wherein the transaction verification message is an email message.

13. The wireless device of claim 10, wherein the method further comprises:

receiving a manual input from a user prior to transmitting.

14. The wireless device of claim 10, wherein the action performed using the second verification value approves the transaction.

15. The wireless device of claim 10, wherein the action performed using the second verification value rejects the transaction.

16. The wireless device of claim 10, wherein the transaction verification message includes the transaction location of the transaction.

17. The wireless device of claim 10, wherein the transaction verification message includes a transaction amount.

18. The wireless device of claim 10, wherein the transaction verification message includes an identification of the transaction processor associated with the transaction, the transaction location of the transaction, a transaction amount, and instructions for responding to the transaction verification message.