Self authentication
AssigneeOffla Selfsafe Ltd.
InventorsOri EINHORN, Yuval RAZ
Life of this patent
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Abstract
A system, method and a device for offline authentication of transactions using mobile device, based on, analytic engine such as behavioral pattern detection are provided. The behavioral pattern can be for a specific person, for group of people with similar characteristics, or a combination of the two. The invention has the advantage over the prior art centralized authentication and fraud detection systems in that it is more precise in identifying and preventing fraud in real time. The precision is better for both customer and merchant frauds. The present invention also requires fewer investments in infrastructure and uses less communication traffic when compared to the prior art.
Claims21
1-28. (canceled)
A non-transitory computer readable medium including instructions that, when executed by at least one processor, cause the at least one processor to perform operations comprising:
- receiving, on a mobile payment device, transaction data associated with a requested financial transaction;
- accessing behavioral information stored locally on the mobile payment device;
- comparing information in the transaction data with the behavioral information on the mobile payment device without resort to a mobile network, such that the comparing is capable of occurring when the mobile payment device is outside of a network coverage area;
- and
- determining, based on the comparing on the mobile payment device whether to authorize the requested financial transaction.
A computer-implemented method for processing requested financial transactions comprising:
- receiving, on a mobile payment device, transaction data associated with a requested financial transaction;
- accessing behavioral information stored locally on the mobile payment device;
- comparing information in the transaction data with the behavioral information on the mobile payment device without resort to a mobile network, such that the comparing is capable of occurring when the mobile payment device is outside of a network coverage area;
- and
- determining, based on the comparing on the mobile payment device, whether authorize the requested financial transaction.
Dependencies are inferred from the claim text.