US 2014/0372304 A1 · GEO-ENUMERATIVE DEVICEHOLDER AUTHENTICATION

Abstract

A system, method, and software product are provided for fraud prevention in the field of payment instrument transactions without requiring registration. A computing device receives details of completed payment transactions. A number of recognition IDs are also received indicating locations of geolocation devices. A computing device then flags all received recognition IDs by deviceholder identification for a time period surrounding the completed payment transactions, and defines sets of flagged recognition IDs. The sets of flagged recognition IDs are then compared in generating candidate recognition IDs, which are associated with each payment instrument. Further iterations allow for limiting of the number of recognition IDs associated with each payment instrument. Other embodiments provide for faster matching by only considering recognition IDs from a certain geographic region or presenting time-limited offers to customers to purchase goods at specific merchants and then removing recognition IDs not associated with purchase at a merchant.

Claims34

Dependent claims

A method of associating a geolocation device configured to transmit a recognition ID with a payment instrument, said method comprising:

receiving details at a computing device associated with a matching database of a first completed payment transaction associated with a payment instrument, said payment instrument associated with a deviceholder identification;
receiving a plurality of recognition IDs associated with a plurality of geolocation devices;
flagging all recognition IDs received within a/time interval/s relative to before and/or after completion of said first completed payment transaction to define a first set of flagged recognition IDs;
receiving details of a second completed payment transaction associated with said payment instrument;
flagging all recognition IDs received within a/time interval/s relative to before and/or after completion of said second completed payment transaction to define a second set of flagged recognition IDs;
comparing said first set of flagged recognition IDs and said second set of flagged recognition IDs in identifying recognition IDs found in both said first set of flagged recognition IDs and said second set of flagged recognition IDs as one or more candidate recognition IDs;
associating said payment instrument with said one or more candidate recognition IDs.

4 more elements

A system for associating a geolocation device configured to transmit a recognition ID with a payment instrument, said system comprising:

a computing device associated with a matching database receives details of a first completed payment transaction associated with a payment instrument, said payment instrument associated with a deviceholder identification;
said computing device receives a plurality of recognition IDs associated with a plurality of geolocation devices;
said computing device flags all recognition IDs received within a/time interval/s relative to before and/or after completion of said first completed payment transaction to define a first set of flagged recognition IDs;
said computing device receives details of a second completed payment transaction associated with said payment instrument;
said computing device flags all recognition IDs received within a/time interval/s relative to before and/or after completion of said second completed payment transaction to define a second set of flagged recognition IDs;
said computing device compares said first set of flagged recognition IDs and said second set of flagged recognition IDs in identifying recognition IDs identified in both said first set of flagged recognition IDs and said second set of flagged recognition IDs as one or more candidate recognition IDs;
said computing device associates said payment instrument with said candidate recognition IDs.

4 more elements

Dependencies are inferred from the claim text.

Geo-enumerative deviceholder authentication

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Geo-enumerative deviceholder authentication

Life of this patent

Abstract

Claims34