Systems and methods for credit approval using geographic data
AssigneeAmerican Express Travel Related Services Company, Inc.
InventorsThomas G. Hochstatter, John Leonard, Christopher W. McKinzie
Life of this patent
Estimating the term…
Abstract
A method is provided comprising receiving, at a first node, transactional data associated with a consumer (wherein the first node comprises a processor and a tangible, non-transitory memory), receiving, at the first node, a credit approval request associated with the consumer, wherein the credit approval request is associated with a proposed transaction, determining, by the first node, whether the transactional data conforms with the proposed transaction, and at least one of approving and denying the credit approval request in response to the determination.
Claims17
A method, comprising:
- identifying a network address, a port number, and a security protocol of a network node from among a plurality of computing nodes in a lookup table of a computing device;
- establishing a secure network channel between the computing device and a data store of the network node based on the identified network address, the port number, and the security protocol;
- receiving, by the computing device, stock keeping unit (SKU) data from the network node via a data exchange over the established secure network channel;
- correlating, by the computing device, the SKU data with previous purchases of a user;
- generating, by the computing device, a profile for the user which includes the correlated previous purchases of the user;
- receiving, by the computing device, a request for approval of a transaction from the user;
- generating, by the computing device, a conformance score for the transaction based on a comparison of the transaction with the correlated purchases in the profile;
- and
- denying, by the computing device, the transaction based on the conformance score indicating that the transaction is nonconforming;
- wherein the request for the approval is determined to be fraudulent based at least in part on a comparison between data related to the transaction and a geographic location based on a Global Positioning System reading associated with the request.
A non-transitory computer-readable medium embodying computer instructions executable in a computing device, the computer instructions being configured to, when executed by a processor, cause the computing device to:
- identify a network address, a port number, and a security protocol of a network node from among a plurality of computing nodes in a lookup table of a computing device;
- establish a secure network channel between the computing device and a data store of the network node based on the identified network address, the port number, and the security protocol;
- receive stock keeping unit (SKU) data from the network node via a data exchange over the established secure network channel;
- generate a profile for a user, wherein the profile includes the correlated previous purchases of the user;
- receive a request for approval of a transaction from the user based upon the profile;
- generate a conformance score for the transaction based on a comparison of the transaction with the correlated purchases in the profile;
- and
- deny the transaction based on the conformance score that indicates that the transaction is nonconforming
- wherein the request for the approval is determined to be fraudulent based at least in part on a comparison between data related to the transaction and a geographic location based on a Global Positioning System reading associated with the request.
A system, comprising:
- a computing device;
- and
- computer instructions executable by the computing device,
- wherein the computer instructions, when executed by a processor, cause the computing device to:
- identify a network address, a port number, and a security protocol of a network node from among a plurality of computing nodes in a lookup table of a computing device;
- establish a secure network channel between the computing device and a data store of the network node based on the identified network address, the port number, and the security protocol;
- receive stock keeping unit (SKU) data from the network node via a data exchange over the established secure network channel;
- generate a profile for a user, wherein the profile which includes the correlated previous purchases of the user;
- receive a request for approval of a transaction from the user
- generate a conformance score for the transaction based on a comparison of the transaction with the correlated purchases in the profile;
- and
- deny the transaction based on the conformance score that indicates that the transaction is nonconforming
- wherein the request for the approval is determined to be fraudulent based at least in part on a comparison between data related to the transaction and a geographic location based on a Global Positioning System reading associated with the request.
Dependencies are inferred from the claim text.