US 12,764,139 B2Granted

Systems, methods, and apparatuses for determining probability of misappropriation of a resource based on geolocation tracking over an electronic network

AssigneeBank of America Corporation

InventorsIon Chalmers Freeman, Manu Jacob Kurian, Ganesh Bonda, Kumara Swamy Kariyappa Reddy, Arvind Chhabra

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Abstract

Systems, computer program products, and methods are described herein for determining probability of misappropriation of a resource based on geolocation tracking over an electronic network. The method includes receiving a resource processing request. The resource processing request includes a request geolocation and is associated with a user. The method also includes receiving a device geolocation of a user device associated with the user. The method further includes comparing the request geolocation and the device geolocation. Based on the comparison of the request geolocation and the device geolocation, the method still further includes causing an execution of the resource processing request in an instance in which the request geolocation and the device geolocation match.

Claims20

Dependent claims

A system for determining probability of misappropriation of a resource based on geolocation tracking over an electronic network, the system comprising:

at least one non-transitory storage device;
and
at least one processing device coupled to the at least one non-transitory storage device, wherein the at least one processing device is configured to:
receive a resource processing request, wherein the resource processing request comprises a request geolocation, and wherein the resource processing request is associated with a user;
receive a predetermined geolocation range, wherein the predetermined geolocation range comprises a plurality of locations the user visits and is determined by analyzing historical user transaction patterns, wherein the historical user transaction patterns are based on a spending zone of the user that includes merchants the user visits as determined automatically by analyzing a geolocation of the user;
receive a device geolocation of a user device associated with the user;
compare the request geolocation, the device geolocation, and the predetermined geolocation range;
and
based on the request geolocation being different than the device geolocation and the request geolocation being different than the predetermined geolocation range, cause a transmission of a deterrence action to a resource distribution device, wherein the deterrence action is configured to cause the resource distribution device to reject the resource processing request and shut down the resource distribution device for a period of time.

6 more elements

A computer program product for determining probability of misappropriation of a resource based on geolocation tracking over an electronic network, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured to receive a resource processing request, wherein the resource processing request comprises a request geolocation, and wherein the resource processing request is associated with a user;
an executable portion configured to receive a predetermined geolocation range, wherein the predetermined geolocation range comprises a plurality of locations the user visits and is determined by analyzing historical user transaction patterns, wherein the historical user transaction patterns are based on a spending zone of the user the user's that includes merchants the user visits as determined automatically by analyzing a geolocation of the user;
an executable portion configured to receive a device geolocation of a user device associated with the user;
an executable portion configured to compare the request geolocation, the device geolocation, and the predetermined geolocation range;
and
an executable portion configured to, based on the request geolocation being different than the device geolocation and the request geolocation being different than the predetermined geolocation range, cause a transmission of a deterrence action to a resource distribution device, wherein the deterrence action is configured to cause the resource distribution device to reject the resource processing request and shut down the resource distribution device for a period of time.

3 more elements

A computer-implemented method for determining probability of misappropriation of a resource based on geolocation tracking over an electronic network, the computer-implemented method comprising:

receiving a resource processing request, wherein the resource processing request comprises a request geolocation, and wherein the resource processing request is associated with a user;
receiving a predetermined geolocation range, wherein the predetermined geolocation range comprises a plurality of locations the user visits and is determined by analyzing historical user transaction patterns, wherein the historical user transaction patterns are based on a spending zone of the user that includes merchants the user visits as determined automatically by analyzing a geolocation of the user;
receiving a device geolocation of a user device associated with the user;
comparing the request geolocation, the device geolocation, and the predetermined geolocation range;
and
based on the request geolocation being different than the device geolocation and the request geolocation being different than the predetermined geolocation range, causing a transmission of a deterrence action to a resource distribution device, wherein the deterrence action is configured to cause the resource distribution device to reject the resource processing request and shut down the resource distribution device for a period of time.

3 more elements

Dependencies are inferred from the claim text.