Location-based transaction fraud mitigation methods and systems

A computer assisted method of mitigating risk of transaction fraud, comprising:

• deriving, via at least one processor, one or more transaction attributes including at least a location attribute related to a digital representation of a real-world scene captured at least in part by one or more sensors scanning a field of view from a mobile device of a user, the mobile device comprising a computer readable memory;
• generating, via the at least one processor, a recognition signature based on one or more transaction attributes including at least the location attribute;
• obtaining, via the at least one processor, a virtual coupon in a computer readable memory, the virtual coupon associated with a purchasable item associated with the real-world scene, wherein the virtual coupon is generated based on the recognition signature;
• displaying, via the at least one processor, on a user display of the mobile device a transaction related to the purchasable item and the virtual coupon based on the recognition signature;
• receiving, via the at least one processor, a user selection of a target account from a plurality of available user accounts accessible electronically;
• and
• reconciling, via the at least one processor, the transaction as a function of the recognition signature, the selected target account, and the one or more transaction attributes, including the location attribute, derived by the sensor data.

A system for mitigating risk of transaction fraud, comprising:

• a sensor interface configured to receive sensor data from one or more sensors of a mobile device of a user, wherein the sensor data is associated with a digital representation of a real-world scene, the mobile device comprising a computer readable memory and at least one processor configured to derive one or more transaction attributes including at least a location attribute from the sensor data;
• a recognition module configured to generate a recognition signature associated with the digital representation of the real-world scene, wherein the recognition signature is generated based on one or transaction attributes including at least the location attribute;
• and
• a transaction interface configured to:
• obtain, via the at least one processor, a virtual coupon in a computer readable memory, the virtual coupon associated with a purchasable item associated with the real-world scene, wherein the virtual coupon is generated based at least in part on the recognition signature;
• enable, via the at least one processor, the mobile device to engage in a transaction related to the purchasable item and the virtual coupon based on the location attribute;
• receive, via the at least one processor, a selection of a target account by the user from a plurality of available user accounts accessible electronically;
• and
• reconcile, via the at least one processor, the transaction as a function of one or more transaction attributes including at least the location attribute derived by the sensor data, the recognition signature, and the user selected target account.