Method and system for authenticating online transactions
AssigneeVisa International Service Association
InventorsLex Bayer, Simon Ru, Mark Rose
Life of this patent
Estimating the term…
Abstract
The present invention generally relates to authenticating online transactions, and more specifically, to method and system for determining a potentially fraudulent online transaction request based on a risk parameter associated with a user in a networking platform such as, a social networking platform. The method comprises receiving an online transaction request from a user. Thereafter, determining the risk parameter of the user based on one or more profile parameters associated with the user or one or more peer users associated with the user in the community. Based on the risk parameter of the user the online transaction request of the user is authenticated.
Claims20
A method comprising:
- receiving, by a processor of a computer system, a request from a user to access an application hosted on a network;
- accessing, by the processor of the computer system, a plurality of profile parameters associated with one or more online profiles associated with the user from a networking platform, each profile parameter having a plurality of subdivided levels;
- comparing, by the processor of the computer system, each profile parameter of the plurality of profile parameters with their respective subdivided levels to obtain assigned weights corresponding to each profile parameter;
- determining, by the processor of the computer system, a risk parameter indicating a level of trustworthiness of the user and whether the one or more online profiles associated with the user is real or fake based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, or averaging the assigned weights of the profile parameters;
- authenticating, by the processor of the computer system, the user based at least in part on the risk parameter associated with the user, and
- initiating, by the processor of the computer system, execution of the application for access by the user in response to authenticating the user.
A system comprising:
- a memory for storing data associated with a plurality of profile parameters associated with a user;
- a processor coupled to the memory, wherein the processor is configured to:
- receive a request from a user to access an application hosted on a network;
- access a plurality of profile parameters associated with one or more online profiles associated with the user from a networking platform, each profile parameter having a plurality of subdivided levels;
- compare each profile parameter of the plurality of profile parameters with their respective subdivided levels to obtain assigned weights corresponding to each profile parameter;
- determine a risk parameter indicating a level of trustworthiness of the user and whether the one or more online profiles associated with the user is real or fake based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, or averaging the assigned weights of the profile parameters;
- authenticate the user based at least in part on the risk parameter associated with the user, and
- initiating execution of the application for access by the user in response to authenticating the user.
Dependencies are inferred from the claim text.