Transaction cards and computer-based systems that provide fraud detection at POS devices based on analysis of feature sets and methods of use thereof

A computer-implemented method comprising:

• collecting, by two or more sensors of a transaction card comprised of a material that forms the transaction card and is dimensioned to be operable with a card reader, the two or more sensors being disposed within the transaction card and being configured comprising two or more of a microphone, a gyroscope, a NFC detection sensor, a fingerprint sensor, an accelerometer, a pedometer, a linear acceleration sensor, an attitude sensor, a user-activated switch, and/or a motion detector, to collect user-specific pre-card-use sensor data regarding a user of the transaction card;
• wherein the user-specific pre-card-use sensor data comprises one or both of:
• i) first sensor data regarding at least one action previously performed with the transaction card by the user, or
• ii) second sensor data regarding at least one activity, associated with the transaction card, engaged into by the user;
• receiving, by circuitry disposed within the transaction card, the user-specific sensor data from the one or more sensors;
• locally generating, by the circuitry on the transaction card and without requirement of a connection to a network, a user-specific risk profile validation model of the user based on the user-specific sensor data;
• storing, by the circuitry, the user-specific risk profile validation model of the user in data storage disposed within the transaction card;
• comparing, by the circuitry, the user-specific sensor data collected for a current transaction to the user-specific risk profile validation model to determine a risk score for the current transaction;
• transmitting the risk score to a card transacting device when the user utilizes the transaction card to attempt a transaction with the card transacting device;
• and
• wherein the card transacting device is configured to authorize the current transaction based on the risk score and the user-specific risk profile validation model of the user, which is configured to allow the card transacting device to evaluate a risk associated with accepting the transaction card to complete the transaction.

A system comprising:

• a transaction card comprising:
• a material that forms the transaction card, dimensioned to be operable with a card reader;
• a physical data storage disposed within the transaction card;
• one or more sensors disposed within the transaction card, the one or more sensors comprising one or more of a microphone, a gyroscope, a NFC detection sensor, a fingerprint sensor, an accelerometer, a pedometer, a linear acceleration sensor, an attitude sensor, a user-activated switch, and/or a motion detector;
• wherein the one or more sensors are configured to collect card-use sensor data regarding a user of the transaction card;
• circuitry, disposed within the transaction card, that:
• collects, by the one or more sensors of the transaction card, user-specific pre-card-use sensor data, wherein the user-specific pre-card-use sensor data comprises one or both of:
• i) first sensor data regarding at least one action previously performed with the transaction card by the user, or
• ii) second sensor data regarding at least one activity, associated with the transaction card, engaged into by the user;
• locally generates, on the transaction card and without requirement of a connection to a network, a user-specific risk-profile validation model of the user based on the user-specific sensor data that is configured to allow card transacting devices to evaluate a risk associated with accepting the transaction card to complete transactions;
• stores the user-specific risk-profile validation model of the user in the physical data storage;
• compares the user-specific sensor data collected for a current transaction to the user-specific risk-profile validation model to determine a risk score for the current transaction;
• and
• transmits the risk score to a card transacting device when the user utilizes the transaction card to attempt a transaction with the card transacting device, wherein the card transacting device is configured to authorize the current transaction based on the risk score and the user-specific risk-profile validation model of the user;
• and
• at least one server, computer or portable mobile device containing non-transitory computer readable media configured to process instructions with the transaction card.