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SYSTEM AND METHOD FOR IDENTITY PROTECTION USING MOBILE DEVICE SIGNALING NETWORK DERIVED LOCATION PATTERN RECOGNITION

  • US 20150142623A1
  • Filed: 01/12/2015
  • Published: 05/21/2015
  • Est. Priority Date: 03/16/2007
  • Status: Abandoned Application
First Claim
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1. A method of facilitating electronic transactions involving a merchant entity and a credit-providing entity, the method comprising the steps of:

  • determining that an electronic transaction between the merchant entity and a first entity was fraudulent as a consequence of an action by the first entity;

    verifying that the electronic transaction was authenticated by the credit-providing entity based on a location, obtained from a communications network, of a wireless device associated with a second entity; and

    based on the verification that the electronic transaction was authenticated, transmitting to the merchant entity and the credit-providing entity notice that the merchant entity is released from liability for the electronic transaction.

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