Systems and methods for emergency duress security code and related instructions

• US 8,260,720 B1
• Filed: 03/25/2009
• Issued: 09/04/2012
• Est. Priority Date: 03/25/2009
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Dixon, David Patrick, Harris, Gary Scott
• Primary Examiner(s): Coppola, Jacob C.
• Application Number:
  US12/410,688
• Time in Patent Office: 1,259 Days
• Field of Search: 705 50- 79, 455/410
• US Class Current: 705/67
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A system, method, and computer-usable medium are disclosed for identifying transactions resulting from the access of a financial account while a user is under duress. A user provides a duress shared secret. Instructions associated with the duress shared secret are processed and available financial account operations, along with associated financial account information, are displayed according to the associated instructions. The cash or electronic funds proceeds of a financial transaction operation are tagged with electronic fraud identification data. Tagged funds received by a financial institution are processed to extract their associated fraud identification data, which is then used to generate fraud trail data. If the tagged funds are used to originate follow-on financial transactions, they are likewise tagged with fraud identification data, which is likewise used to generate fraud trail data. Tagged funds are recovered by processing a tagged financial transaction to extract its associated fraud identification data, which is then used to query repositories of fraud trail data. Fraud trail data that matches the query is then processed to determine receiving account information. Rescission transactions are performed to recover funds up to the amount of the tagged financial transaction from the receiving account.

Claims

1. A non-transitory computer-usable medium embodying computer program code, the computer program code including a set of duress instructions corresponding to a duress shared secret data element, said computer program code when executed by a processor cause the processor to perform a method, the method comprising:

receiving user input data comprising said duress shared secret data element;

processing said duress instructions to generate a first financial transaction from financial account data of a repository of financial account data associated with a user, said first financial transaction comprising financial transaction data, wherein said duress instructions include an indication to use one of funds from a financial account associated with a financial institution and funds from a financial account associated with said user for said first financial transaction;

generating fraud identification data from said financial transaction data and said duress shared secret data element;

processing proceeds of said first financial transaction to tag said proceeds with said fraud identification data; and

processing a rescission transaction to recover said tagged proceeds.

2. The computer usable medium of claim 1, wherein processing the proceeds of said first financial transaction includes:

transferring the proceeds from said financial account associated with said user to an intermediary account;

generating a second financial transaction using an equivalent amount of said financial funds corresponding to said financial account associated with a second financial institution; and

processing said proceeds of said second financial institution to tag said proceeds with said fraud identification data.

3. The computer usable medium of claim 1, wherein said proceeds comprise cash funds invisibly imprinted with said fraud identification data.

4. The computer usable medium of claim 1, wherein said proceeds comprise electronic funds further comprising electronic funds data.

5. The computer usable medium of claim 4, wherein said electronic funds data comprise a unique financial transaction tracking identifier further comprising said fraud identification data.

6. The computer usable medium of claim 1, wherein said duress shared secret data element comprises a cryptographic key.

7. The computer usable medium of claim 1, wherein the computer program code is provided to a client computer from a server, wherein said server is located at a remote location.

8. The computer usable medium of claim 1, wherein the computer program code is provided as a service on an on-demand basis, wherein said service is provided by a service provider.

9. A system for identifying financial transactions, comprising:

a user interface operable to receive input data from a user, said input data comprising a duress shared secret data element; and

a computing device with a processor and memory for storing executable instructions, including a set of duress instructions corresponding to said duress shared secret data element, that are executable by the processor, wherein the processor is programmed to;

process said duress instructions to generate a first financial transaction from financial account data of a repository of financial account data associated with said user, said first financial transaction comprising financial transaction data, wherein said instructions include an indication to use one of funds from a financial account associated with a financial institution and funds from a financial account associated with said user for said first financial transaction;

generate fraud identification data from said financial transaction data and said duress shared secret data element;

process proceeds of said financial transaction to tag said proceeds with said fraud identification data; and

process a rescission transaction to recover said tagged proceeds.

10. The system of claim 9, wherein:

said proceeds of said first financial transaction are transferred from said financial account associated with said user to an intermediary account;

a second financial transaction is generated using an equivalent amount of said financial funds corresponding to said financial account associated with a financial institution; and

proceeds of said second financial institution are processed to tag said proceeds with said fraud identification data.

11. The system of claim 9, wherein said proceeds comprise cash funds invisibly imprinted with said fraud identification data.

12. The system of claim 9, wherein said proceeds comprise electronic funds further comprising electronic funds data.

13. The system of claim 12, wherein said electronic funds data comprise a unique financial transaction tracking identifier further comprising said fraud identification data.

14. The system of claim 9, wherein said duress shared secret data element comprises a cryptographic key.

15. A non-transitory computer-usable medium embodying computer program code, the computer program code including a set of duress instructions corresponding to a duress shared secret data element, said computer program code when executed by a processor cause the processor to perform a method, the method comprising:

receiving user input data comprising a said duress shared secret data element;

processing said duress instructions to generate a financial transaction from financial account data of a repository of financial account data associated with a user, said financial transaction comprising financial transaction data, wherein said duress instructions include an indication to use one of funds from a financial account associated with a financial institution and funds from a financial account associated with said user for said first financial transaction;

generating fraud identification data from said financial transaction data and said duress shared secret data element;

processing proceeds of said first financial transaction to tag said proceeds with said fraud identification data; and

processing a rescission transaction to recover said tagged proceeds.

16. The computer usable medium of claim 15, wherein a duress event notification comprises a unique financial transaction tracking identifier further comprising said fraud identification data.

17. The computer usable medium of claim 16, wherein a duress event notification is communicated to a financial institution generating said financial transaction, said financial transaction data and said unique financial transaction tracking identifier communicated with said duress event notification.

18. The computer usable medium of claim 15, wherein a duress event notification comprises location data corresponding to the location of a user.

19. The computer usable medium of claim 18, wherein said location data is communicated to a law enforcement agency.

20. The computer usable medium of claim 15, wherein a location data is communicated to a financial institution generating said financial transaction.

21. The computer usable medium of claim 15, wherein the computer program code is provided to a client computer from a server, wherein said server is located at a remote location.

22. The computer usable medium of claim 15, wherein the computer program code is provided as a service on an on-demand basis, wherein said service is provided by a service provider.

23. A non-transitory computer-usable medium embodying computer program code, the computer program code including a set of duress instructions corresponding to a duress shared secret data element, said computer program code when executed by a processor cause the processor to perform the method:

processing said duress instructions to generate a first financial transaction from financial account data of a repository of financial account data associated with said user, said first financial transaction comprising a first set of said financial transaction data;

generating said fraud identification data from said first set of said financial transaction data and said duress shared secret data element, wherein said duress instructions include an indication to use one of funds from a financial account associated with a financial institution and funds from a financial account associated with said user for said first financial transaction;

processing proceeds of said first financial transaction to tag said proceeds with said fraud identification data;

tracking said fraud identification data through a chain of second financial transactions to generate fraud trail data comprising a second set of said financial transaction data; and

processing a rescission transaction to recover said tagged proceeds.

24. The computer usable medium of claim 23, wherein said proceeds comprise cash funds further comprising at least one serial number.

25. The computer usable medium of claim 24, wherein said second set of financial transaction data comprises said at least one serial number.

26. The computer usable medium of claim 23, wherein:

said proceeds comprise electronic funds further comprising electronic funds data; and

said second set of financial transaction data comprises a routing transit number.

27. The computer usable medium of claim 23, wherein:

said proceeds comprise electronic funds further comprising electronic funds data; and

said second set of financial transaction data comprises an interbanking clearing number.

28. The computer usable medium of claim 23, wherein:

said proceeds comprise electronic funds further comprising electronic funds data; and

said second set of financial transaction data comprises an international bank account number.

29. The computer usable medium of claim 23, wherein the computer program code is provided to a client computer from a server, wherein said server is located at a remote location.

30. The computer usable medium of claim 23, wherein the computer program code is provided as a service on an on-demand basis, wherein said service is provided by a service provider.