Fraud detection via mobile device location tracking
First Claim
Patent Images
1. A method, comprising:
- receiving, by a processor, a request for a fraud score, the request comprising a notification of a pending payment transaction that is associated with a credit card of a user and associated with a first location;
detecting, by the processor, a location of a device associated with the user;
calculating, by the processor, the fraud score based upon the location of the device associated with the user and the first location, wherein the fraud score is further based upon a comparison of historical location information associated with the device associated with the user and historical usage information associated with the credit card, wherein the comparison generates a percentage of historical payment transactions associated with the credit card where the device associated with the user is co-located with a location of one of the historical payment transactions, wherein the fraud score is indicative of a likelihood that the pending payment transaction comprises a fraudulent use of the credit card, and wherein when the first location and the location of the device associated with the user are not a same location, the fraud score is indicative of a greater likelihood that the pending payment transaction is fraudulent; and
sending, by the processor, a response comprising the fraud score that is calculated.
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Abstract
Methods, computer-readable media and devices for calculating fraud scores for pending payment transactions are disclosed. A method includes a processor receiving a request for a fraud score. The request comprises a notification of a pending payment transaction that is associated with a credit card of a user and associated with a first location. The processor then detects a location of a device associated with the user, calculates a fraud score based upon the location of the device and the first location, and sends a response comprising the fraud score that is calculated.
50 Citations
18 Claims
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1. A method, comprising:
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receiving, by a processor, a request for a fraud score, the request comprising a notification of a pending payment transaction that is associated with a credit card of a user and associated with a first location; detecting, by the processor, a location of a device associated with the user; calculating, by the processor, the fraud score based upon the location of the device associated with the user and the first location, wherein the fraud score is further based upon a comparison of historical location information associated with the device associated with the user and historical usage information associated with the credit card, wherein the comparison generates a percentage of historical payment transactions associated with the credit card where the device associated with the user is co-located with a location of one of the historical payment transactions, wherein the fraud score is indicative of a likelihood that the pending payment transaction comprises a fraudulent use of the credit card, and wherein when the first location and the location of the device associated with the user are not a same location, the fraud score is indicative of a greater likelihood that the pending payment transaction is fraudulent; and sending, by the processor, a response comprising the fraud score that is calculated. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A non-transitory computer-readable medium storing instructions which, when executed by a processor, cause the processor to perform operations, the operations comprising:
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receiving a request for a fraud score, the request comprising a notification of a pending payment transaction that is associated with a credit card of a user and associated with a first location; detecting a location of a device associated with the user; calculating the fraud score based upon the location of the device associated with the user and the first location, wherein the fraud score is further based upon a comparison of historical location information associated with the device associated with the user and historical usage information associated with the credit card, wherein the comparison generates a percentage of historical payment transactions associated with the credit card where the device associated with the user is co-located with a location of one of the historical payment transactions, wherein the fraud score is indicative of a likelihood that the pending payment transaction comprises a fraudulent use of the credit card, and wherein when the first location and the location of the device associated with the user are not a same location, the fraud score is indicative of a greater likelihood that the pending payment transaction is fraudulent; and sending a response comprising the fraud score that is calculated. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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Specification