Authentication and fraud prevention in provisioning a mobile wallet

A system comprising:

• one or more processors in data communication through one or more networks with a risk determination system and a mobile device;
• and
• one or more non-transitory computer-readable media storing computing instructions configured to run on the one or more processors and perform:
• receiving, at a mobile wallet provider, a request from a mobile wallet operating on the mobile device to perform a provisioning of an account to the mobile wallet on the mobile device to setup one or more tokens for the account in the mobile wallet on the mobile device for use in secure financial transactions, wherein the request is received at the mobile wallet provider before the mobile device transmits any requests to process any of the secure financial transactions using the one or more tokens;
• generating, at the mobile wallet provider, account information about the account;
• generating, at the mobile wallet provider, device information about the mobile device;
• sending an inquiry from the mobile wallet provider to the risk determination system to authenticate the provisioning of the account to the mobile wallet on the mobile device, wherein the inquiry comprises the account information and the device information, wherein the inquiry causes the risk determination system to generate a fraud risk level of provisioning the account to the mobile wallet on the mobile device, wherein the fraud risk level is generated before the mobile device transmits any requests to process any of the secure financial transactions using the one or more tokens, wherein the fraud risk level is generated by performing a step-wise application of business rules and one or more statistical modeling techniques to at least a portion of:
• (a) an ownership correlation between device ownership information for the mobile device and account ownership information for the account, (b) device risk information associated with the mobile device, and (c) account risk information associated with the account, wherein the one or more statistical modeling techniques comprise one or more machine learning algorithms, and wherein the business rules define one or more fraud risks based on at least a portion of the ownership correlation, the device risk information, and the account risk information;
• receiving, at the mobile wallet provider from the risk determination system, a first response to the inquiry, wherein the first response is based on the fraud risk level;
• determining, at the mobile wallet provider, whether to proceed with the provisioning of the account to the mobile wallet on the mobile device or to perform an additional verification based at least in part on the first response received from the risk determination system;
• and
• sending a second response from the mobile wallet provider to the mobile wallet in response to the request to perform the provisioning of the account to the mobile wallet on the mobile device, to cause the mobile wallet to update a user interface display on the mobile device based on the second response to display information about the provisioning of the account to the mobile wallet on the mobile device, wherein the mobile wallet provider facilitates the provisioning of the account to the mobile wallet on the mobile device before the mobile device transmits any requests to process any of the secure financial transactions using the one or more tokens,
• wherein:
• the device ownership information is determined by the risk determination system based on the risk determination system querying a mobile network operator that provides mobile network services for the mobile device;
• and
• the one or more statistical modeling techniques comprise logistic regression.