Financial fraud prevention method and system
First Claim
1. A method comprising performing actions on a server computer system that communicates with at least one telecommunications network, the method comprising:
- performing communications relating to a potentially fraudulent transaction, the potentially fraudulent transaction involving at least one specific payment vehicle of a client and a mobile communications device, the communications device having at least one address, wherein the at least one specific payment vehicle and the at least one address are associated with the client, wherein the performing communications comprises;
receiving and/or determining information pertaining to the potentially fraudulent transaction,generating a message to be sent based on the information on the potentially fraudulent transaction,causing the generated message to be sent to the mobile communications device'"'"'s address from a first reply address, wherein, prior to sending the generated message, a plurality of currently available reply addresses is determined, a reply address is selected for the generated message from the plurality of currently available reply addresses, and the selected reply address is used as the first reply address,receiving a response from the mobile communications device'"'"'s address;
positively validating the response from the mobile communications device'"'"'s address only if the response was sent to the first reply address, which was selected from the plurality of possible reply addresses;
determining if the content of the positively validated response to the first reply address confirms a suspicion of fraudulent activity, andtemporarily limiting usability of the payment vehicle until the suspicion of fraudulent activity is removed.
13 Assignments
0 Petitions
Accused Products
Abstract
According to an embodiment of the present invention a method for detecting fraudulent use of credit cards is herein described. In the case when possible fraudulent use is detected the issuer or other responsible party, such as a third-party mediator, temporarily blocks the credit card account. This can be accomplished, for example, by making an artificial excess of credit limit of the credit card or otherwise temporarily closing a credit card account. In some embodiments an issuer or responsible party may send a warning message and/or alert to a client'"'"'s mobile phone informing of an upcoming temporary block of client'"'"'s credit card.
65 Citations
33 Claims
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1. A method comprising performing actions on a server computer system that communicates with at least one telecommunications network, the method comprising:
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performing communications relating to a potentially fraudulent transaction, the potentially fraudulent transaction involving at least one specific payment vehicle of a client and a mobile communications device, the communications device having at least one address, wherein the at least one specific payment vehicle and the at least one address are associated with the client, wherein the performing communications comprises; receiving and/or determining information pertaining to the potentially fraudulent transaction, generating a message to be sent based on the information on the potentially fraudulent transaction, causing the generated message to be sent to the mobile communications device'"'"'s address from a first reply address, wherein, prior to sending the generated message, a plurality of currently available reply addresses is determined, a reply address is selected for the generated message from the plurality of currently available reply addresses, and the selected reply address is used as the first reply address, receiving a response from the mobile communications device'"'"'s address; positively validating the response from the mobile communications device'"'"'s address only if the response was sent to the first reply address, which was selected from the plurality of possible reply addresses; determining if the content of the positively validated response to the first reply address confirms a suspicion of fraudulent activity, and temporarily limiting usability of the payment vehicle until the suspicion of fraudulent activity is removed. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A server computer system comprising a processor system, wherein the server computer system:
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communicates with at least one telecommunications network; performs communications relating to a potentially fraudulent transaction, the potentially fraudulent transaction involving at least one specific payment vehicle of a client and a mobile communications device, wherein the mobile communications device has at least one address, and wherein the at least one specific payment vehicle and the at least one address are associated with the client, wherein the performing communications comprises; receiving and/or determining information pertaining to the potentially fraudulent transaction, generating a message to be sent based on the information on the potentially fraudulent transaction, causing the generated message to be sent to the mobile communications device'"'"'s address from a first reply address, which is selected, prior to sending the generated message, from a plurality of possible reply addresses from which the server computer system is capable of sending messages and at which the server computer system is capable of receiving responses, receiving a response from the mobile communications device'"'"'s address; determining if the content of the positively validated response to the first reply address confirms suspicion of fraudulent activity, temporarily limiting the usability of said payment vehicle until the suspicion of fraudulent activity is removed. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A method comprising performing actions on a server computer system that communicates with at least one telecommunications network, the method comprising:
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performing communications relating to a potentially fraudulent transaction, the potentially fraudulent transaction involving at least one specific payment vehicle of a client and a mobile communications device, the communications device having at least one address, wherein the at least one specific payment vehicle and the at least one address are associated with the client, wherein said performing communications comprises; receiving and/or determining information pertaining to the potentially fraudulent transaction, generating a message to be sent based on the information on the potentially fraudulent transaction, causing the message to be sent to the mobile communications device'"'"'s address from a first reply address, which is selected, prior to sending the generated message, from a plurality of possible reply addresses from which the server computer system is capable of sending messages and at which the server computer system is capable of receiving responses, receiving a response from the mobile communications device'"'"'s address; positively validating the response from the mobile communications device'"'"'s address only if the response was sent to the first reply address, which was selected from the plurality of possible reply addresses; determining if the content of the positively validated response to the first reply address confirms the suspicion of fraudulent activity, and temporarily limiting the usability of said payment vehicle until said suspicion of fraudulent activity is removed. - View Dependent Claims (23, 24, 25, 26, 27, 28)
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29. A server computer system comprising a processor system, wherein the server computer system:
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communicates with at least one telecommunications network; performs communications relating to a potentially fraudulent transaction, the potentially fraudulent transaction involving at least one specific payment vehicle of a client and a mobile communications device, wherein the mobile communications device has at least one address, and wherein the at least one specific payment vehicle and the at least one address are associated with the client, wherein the performing communications comprises; receiving and/or determining information pertaining to the potentially fraudulent transaction, generating a message to be sent based on the information on the potentially fraudulent transaction, causing the generated message to be sent to the mobile communications device'"'"'s address from a first reply address, which is selected, prior to sending the generated message, from a plurality of possible reply addresses from which the server computer system is capable of sending messages and at which the server computer system is capable of receiving responses, receiving a response from the mobile communications device'"'"'s address; positively validating the response from the mobile communications device'"'"'s address only if the response was sent to the first reply address, which was selected from the plurality of possible reply addresses; determining if the content of the positively validated response to the first reply address confirms suspicion of fraudulent activity, and temporarily limiting the usability of said payment vehicle until the suspicion of fraudulent activity is removed. - View Dependent Claims (30, 31)
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32. A non-transitory computer readable medium having stored thereon a set of instructions for causing a processor to perform the operations of:
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receiving and/or determining that a transaction via the payment vehicle may be of a fraudulent nature; generating a message to be sent to a client'"'"'s mobile device based on a suspicion of fraudulent activity; causing the generated message to be sent to the mobile device'"'"'s address from a first reply address, which is selected, prior to sending the generated message, from a plurality of possible reply addresses from which the server computer system is capable of sending messages and at which the server computer system is capable of receiving responses, positively validating the response from the mobile communications device'"'"'s address only if the response was sent to the first reply address, which was selected from the plurality of possible reply addresses; determining if the content of the positively validated response to the first reply address confirms the suspicion of fraudulent activity; and temporarily limiting the usability of the payment vehicle until the suspicion of fraudulent activity is removed.
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33. A non-transitory computer readable medium having stored thereon a set of instructions for causing a processor to perform the operations of:
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receiving and/or determining that a transaction via the payment vehicle may be of a fraudulent nature; generating a message to be sent to a client'"'"'s mobile device based on a suspicion of fraudulent activity; causing the generated message to be sent to the mobile device'"'"'s address from a first reply address, which is selected, prior to sending the generated message, from a plurality of possible reply addresses from which the server computer system is capable of sending messages and at which the server computer system is capable of receiving responses, receiving a response from the mobile communications device'"'"'s address; positively validating the response from the mobile communications device'"'"'s address only if the response was sent to the first reply address, which was selected from the plurality of possible reply addresses; determining if the content of the positively validated response to the first reply address confirms the suspicion of fraudulent activity; and temporarily limiting the usability of the payment vehicle until the suspicion of fraudulent activity is removed.
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Specification