System and method for detecting card fraud
First Claim
1. A banking transaction fraud control system, said banking transaction fraud control system used for informing a user about the financial transaction, said financial transaction is through a point of sale terminal, said system comprising an event listener module for detecting the occurrence of the event;
- an event processor module for normalizing the event;
a rule engine module for processing the event as per defined rules;
a logic processor module for analyzing the output;
a notification handler module for selecting the relevant gateway;
a messaging gateway for sending messages on said user hand held device; and
a validation handler module for authenticating said card transaction.
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Accused Products
Abstract
The invention discloses a system and method for notifying and authorizing card transaction by a user. The notifying and authorizing a card is done by a card fraud control system. The card user is notified on his hand held device by a short message service that a card transaction is taking place. The card user can also authorize the credit card transaction by keying in a personal identification number from his hand held device. The system also enables the user to change the rule-based system for a credit card transaction using voice and text inputs from a hand held device.
376 Citations
30 Claims
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1. A banking transaction fraud control system, said banking transaction fraud control system used for informing a user about the financial transaction, said financial transaction is through a point of sale terminal, said system comprising
an event listener module for detecting the occurrence of the event; -
an event processor module for normalizing the event;
a rule engine module for processing the event as per defined rules;
a logic processor module for analyzing the output;
a notification handler module for selecting the relevant gateway;
a messaging gateway for sending messages on said user hand held device; and
a validation handler module for authenticating said card transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A banking transaction fraud control method, said banking transaction fraud control method used for informing a user about the financial transaction, said financial transaction is through point of sale terminal, said method comprising steps of:
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requesting a financial transaction;
receiving of the request by the acquiring bank;
forwarding the request to the issuing bank;
forwarding the request from said issuing bank to banking transaction fraud control system and;
authorizing said financial transaction. - View Dependent Claims (19, 20, 21, 22, 23)
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24. A banking transaction fraud control method, said banking transaction fraud control method used for informing a user about the financial transaction, said financial transaction is through a point of sale terminal, said method comprising steps of:
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requesting a financial transaction;
receiving of the request by the acquiring bank;
forwarding the request to the issuing bank;
forwarding the request from said issuing bank to banking transaction fraud control system; and
notifying said financial transaction. - View Dependent Claims (25, 26, 27, 28, 29, 30)
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Specification