LOCATION BASED AUTHENTICATION SYSTEM

• US 20120310836A1
• Filed: 08/16/2012
• Published: 12/06/2012
• Est. Priority Date: 07/05/2005
• Status: Abandoned Application

• Current Assignee: mConfirm Ltd.
• Original Assignee: mConfirm Ltd.
• Inventors: EDEN, Tomer, AVIGAD, Boaz
• Application Number:
  US13/587,180
• Publication Number:
  US 20120310836A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method for determining a fraud score associated with a monetary transaction facilitated using a payment card in a store is disclosed. The method comprises receiving data representative of an incoming payment transaction; analyzing a location of an owner of the payment card and a location of the store for determining a location rating; analyzing a location behavior profile (LBP) related to the payment card for determining a behavior rating, wherein the analysis is based in part on the incoming payment transaction; computing a transaction rating using the location rating and the behavior rating in combination with a first weight factor; analyzing historical payment transactions related to the payment card for determining a card rating; and computing the fraud-score using the transaction rating and the card rating in combination with a second weight factor.

Claims

1. A computer-implemented method for determining a fraud score associated with a monetary transaction facilitated using a payment card in a store, the method comprising:

receiving data representative of an incoming payment transaction;

analyzing a location of an owner of the payment card and a location of the store for determining a location rating;

analyzing a location behavior profile (LBP) related to the payment card for determining a behavior rating, wherein the analysis is based in part on the incoming payment transaction;

computing a transaction rating using the location rating and the behavior rating in combination with a first weight factor;

analyzing historical payment transactions related to the payment card for determining a card rating; and

computing the fraud-score using the transaction rating and the card rating in combination with a second weight factor.

2. The method of claim 1, further comprising:

authorizing said incoming payment transaction if said fraud-score is within a trust range.

3. The method of claim 1, wherein the data representative of the incoming payment transaction includes at least one of:

details of said payment card and the location of said store.

4. The method of claim 3, further comprising:

determining a cellular telephone number associated with the payment card; and

determining the location of a cellular telephone identified by the cellular telephone number so as to infer a geographic location of a purchaser.

5. The method of claim 2, wherein said location rating indicates whether at least one:

the cellular telephone is located in dose proximity to the store and the location of the purchaser with respect to the store.

6. The method of claim 2, wherein said behavioral rating indicates whether a behavior pattern of said owner of said payment card deviates from said LBP.

7. The method of claim 2, wherein said behavioral rating indicates whether a behavior pattern of said store deviates from said LBP.

8. The method of claim 1, wherein said LBP includes at least behavior patterns of at least payment cards'"'"' owners and stores in respect to geographical regions and time periods.

9. The method of claim 2, wherein said card rating indicates the number of previous suspected payment transactions recorded for said payment card.

10. A non-transitory computer readable medium having stored thereon instructions for causing a computer to perform the method of claim 1.

11. An authentication system for determining a fraud score associated with a monetary transaction facilitated using a payment card in a store, said authentication system comprising:

a transaction processor for processing data representative of an incoming payment transaction for determining said fraud-score based on at least a location of an owner of said payment card and a location of a store;

a database for storing incoming payment transactions and fraud scores computed for incoming payment transactions; and

a display unit for displaying data representative of processed incoming payment transactions.

12. The authentication system of claim 11, wherein said transaction processor authorizes said incoming payment transaction if said fraud-score is in a trust range.

13. The authentication system of claim 12, wherein said authentication system is connected to a transaction server through a communication network to receive said data representative of said incoming payment transaction.

14. The authentication system of claim 12, wherein said authentication system is further connected to a location based service (LBS) server to determine a geographic location of the cellular telephone associated the payment card.

15. The authentication system of claim 12, wherein the transaction processor is adapted to determine said fraud score by:

analyzing the geographic location of the owner of said payment card and a location of the store for determining a location rating;

analyzing a location behavior profile (LBP) related to said payment card for determining a behavior rating;

computing a transaction rating using the location rating and the behavior rating in combination with a first weight factor;

analyzing historical payment transactions related to said payment card for determining a card rating; and

computing the fraud-score using the transaction rating and the card rating in combination with a second weight factor.

16. The authentication system of claim 15, wherein the data representative of the incoming payment transaction includes at least one of:

details of said payment card and said location of said store.

17. The authentication system of claim 15, wherein said location rating indicates whether a cellular telephone of an owner of the payment card is located in dose proximity to said store and the location of the purchaser with respect to the store.

18. The authentication system of claim 15, wherein said behavioral rating indicates whether a behavior pattern of said owner of said payment card deviates from said LBP and whether a behavior pattern of said store deviates from said LBP.

19. The authentication system of claim 15, wherein said LBP includes at least behavior patterns of at least payment cards owners and stores in respect to geographical regions and time periods.

20. The authentication system of claim 15, wherein said card rating indicates the number of previous suspected payment transactions recorded for said payment card.