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US 12,591,894 B2Granted
Fraud prevention via beneficiary account validation
AssigneeWells Fargo Bank, N.A.
InventorMarcus Yamane
Life of this patent
Estimating the term…
Abstract
Disclosed are methods, systems, and devices for preventing payments to unintended beneficiaries. A service provider system may receive, from a user device of a user, a payment request to transfer funds from a source account to an identified destination account. A beneficiary system may be identified, and a validation request (e.g., an API call) may be transmitted to the beneficiary system. The service provider system may receive from the beneficiary system a transmission indicating whether the destination account is associated with the recipient identified in the payment request. The user may be alerted if the account number for the destination account is not validated.
Claims19
A service provider system comprising one or more processors configured to:
- receive, from a user device, a payment request submitted by a user via a payment application or browser running on the user device, the payment request including an account number;
- determine, based on the payment request, that at least two responses indicating successful validation are required to permit the payment request;
- responsive to determining that at least two responses indicating successful validation are required to permit the payment request:
- identify a beneficiary system of an intended beneficiary based at least in part on the payment request;
- submit a first API call to the beneficiary system, the first API call including the account number in the payment request;
- and
- transmit a second API call to a verification system, the second API call including the account number in the payment request;
- receive, from the beneficiary system, a first response indicating whether the account number is associated with the intended beneficiary;
- receive, from the verification system, a second response indicating at least a name associated with the account number in the payment request;
- determine, based on the first response and the second response, a score indicative of a likelihood that the account number in the payment request is associated with the intended beneficiary;
- in an instance in which the score indicates the account number is not associated with the intended beneficiary, transmit, to the user device, an alert in response to the payment request;
- and
- receiving, from the user device, a request to permit the payment request in lieu of validation, the request having been transmitted by the user device to the service provider system in response to a selection by the user.
10 more elements
A method of preventing fraud, the method comprising:
- receiving, from a user device of a user, a payment request submitted by the user via a payment application or browser running on the user device, the payment request including an account number of a destination account;
- determining, based on the payment request, that at least two responses indicating a successful validation are required to permit the payment request;
- responsive to determining that at least two responses are required:
- identifying, based at least in part on the payment request, a beneficiary system;
- transmitting a first API call to the beneficiary system, the first API call including the account number received in the payment request;
- and
- transmitting a second API call to a verification system, the second API call including the account number in the payment request;
- receiving, from the beneficiary system and in response to the first API call, a first response indicating whether the account number is associated with a recipient identified in the payment request;
- receiving a second response from the verification system, wherein the second response indicates at least a name associated with the account number in the payment request;
- determining, based on the first response and the second response, a score indicative of a likelihood that the account number in the payment request is associated with the recipient;
- in an instance in which the score indicates the destination account is not associated with the recipient identified in the payment request, transmitting to the user device an alert to be presented via the payment application or browser;
- and
- receiving, from the user device, a request to permit the payment request in lieu of validation, the request having been transmitted by the user device in response to a selection by the user.
10 more elements
A method of avoiding unintended transactions, the method comprising:
- receiving, from a user device of a user associated with a source account, an account number for a destination account to receive funds and an identification of an intended beneficiary, the account number and the intended beneficiary having been entered by the user into fields of a payment request, wherein at least one of the account number and the intended beneficiary is transmitted by the user device while at least one field in the payment request is unfilled;
- determining, based on the payment request, that at least two responses indicating successful validation are required to permit the payment request;
- responsive to determining that at least two responses indicating successful validation are required to permit the payment request:
- transmitting a validation request to a beneficiary system corresponding to the intended beneficiary, the validation request including the account number, wherein the validation request is a first API call to the beneficiary system;
- and
- transmitting a second API call to a verification system, the second API call including the account number in the payment request;
- receiving a first response from the beneficiary system, wherein the first response indicates whether the destination account is associated with the intended beneficiary;
- receiving a second response from the verification system, wherein the second response indicates at least a name associated with the account number in the payment request;
- determining that a score generated based on the first response and the second response indicates that the destination account is likely not associated with the intended beneficiary;
- in response to determining that the score indicates that the destination account is likely not associated with the intended beneficiary, transmitting a notification to the user device to cause the user device to present an alert to the user to indicate a failure to validate the destination account;
- and
- receiving, from the user device, a request to permit the payment request in lieu of validation, the request having been transmitted by the user device in response to a selection by the user.
9 more elements
Dependencies are inferred from the claim text.