Location based credit card fraud prevention
First Claim
Patent Images
1. A method of blocking an unauthorized use of a payment instrument for a transaction, said method comprising:
- (a) establishing a transaction location where the payment instrument is being used for the transaction;
(b) determining a location of a mobile station served by a wireless telecommunications network;
(c) comparing the determined location of the mobile station with the established transaction location; and
,(d) blocking completion of the transaction when the determined location of the mobile station does not sufficiently match the established transaction location.
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Accused Products
Abstract
A method is provided for blocking an unauthorized use of a payment instrument for a transaction. The method includes: establishing a transaction location (30) where the payment instrument is being used for the transaction; determining a location of a mobile station (20) served by a wireless telecommunications network (10); comparing the determined location of the mobile station (20) with the established transaction location (30); and, blocking completion of the transaction when the determined location of the mobile station (20) does not sufficiently match the established transaction location (30).
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Citations
17 Claims
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1. A method of blocking an unauthorized use of a payment instrument for a transaction, said method comprising:
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(a) establishing a transaction location where the payment instrument is being used for the transaction; (b) determining a location of a mobile station served by a wireless telecommunications network; (c) comparing the determined location of the mobile station with the established transaction location; and
,(d) blocking completion of the transaction when the determined location of the mobile station does not sufficiently match the established transaction location. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for blocking an unauthorized use of a payment instrument for a transaction, said system comprising:
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transaction locating means for establishing a transaction location where the payment instrument is being used; mobile station locating means for determining a location of a mobile station; comparing means for comparing the location of the mobile station provided by the mobile station locating means with the established transaction location provided by the transaction locating means; and
,blocking means for blocking completion of the transaction when the comparing means determines that the location of the mobile station provided by the mobile station locating means does not sufficiently match the established transaction location provided by the transaction locating means. - View Dependent Claims (13, 14, 15, 16, 17)
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Specification