US 2018/0293582 A1Published application

Fraud Remediation Tool

AssigneeBank of America Corporation

InventorsDONALD FRANCIS BINNS, MICHELLE LYNNE BAKER, MICHAEL THOMAS TIMONEY

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Abstract

A fraud remediation tool includes a memory, a network interface, a fraud detection engine, and a clearance engine. The memory stores a plurality of fraud detection rules. The network interface receives a first transaction and a second transaction. The fraud detection engine determines, based on the plurality of fraud detection rules, that the transaction is fraudulent. In response to the determination that the transaction is fraudulent, the fraud detection engine stops the transaction, blocks use of the first card, and communicates a first message to the user indicating that the card is blocked. The clearance engine receives, from the user, a response to the message indicating that the transaction is not fraudulent. Based on the response, the clearance engine releases the block on the second card and the block on the first card.

Claims21

Dependent claims

A fraud remediation tool comprising:

a memory configured to store a plurality of fraud detection rules;
a network interface configured to receive:
a first transaction involving a first card of a user;
a second transaction involving a second card of a user, the second transaction occurring after the first transaction;
a fraud detection engine configured to:
determine, based on the plurality of fraud detection rules, that the first transaction is fraudulent;
in response to the determination that the first transaction is fraudulent:
stop the first transaction;
block use of the first card;
and
communicate a first message to the user indicating that the first card is blocked;
determine, based on the plurality of fraud detection rules, that the second transaction is fraudulent;
and
in response to the determination that the second transaction is fraudulent:
stop the second transaction;
block use of the second card;
and
communicate a second message to the user indicating that the second card is blocked;
a clearance engine configured to:
receive, from the user, a response to the second message indicating that the second transaction is not fraudulent;
and
based on the response, release the block on the second card and the block on the first card.

19 more elements

A method comprising:

storing a plurality of fraud detection rules;
receiving a first transaction involving a first card of a user;
receiving a second transaction involving a second card of a user, the second transaction occurring after the first transaction;
determining, based on the plurality of fraud detection rules, that the first transaction is fraudulent;
in response to the determination that the first transaction is fraudulent:
stopping the first transaction,
blocking use of the first card, and
communicating a first message to the user indicating that the first card is blocked;
determining, based on the plurality of fraud detection rules, that the second transaction is fraudulent;
and
in response to the determination that the second transaction is fraudulent:
stopping the second transaction,
blocking use of the second card, and
communicating a second message to the user indicating the second card is blocked;
receiving, from the user, a response to the second message indicating that the second transaction is not fraudulent;
and
based on the response, releasing the block on the second card and the block on the first card.

14 more elements

A system comprising:

a device configured to:
receive a first transaction involving a first card of a user;
receive a second transaction involving a second card of a user, the second transaction occurring after the first transaction;
and
a fraud remediation tool configured to:
store a plurality of fraud detection rules;
receive the first transaction from the device;
receive the second transaction from the device;
determine, based on the plurality of fraud detection rules, that the first transaction is fraudulent;
in response to the determination that the first transaction is fraudulent:
stop the first transaction;
block use of the first card;
and
communicate a first message to the user indicating that the first card is blocked;
determine, based on the plurality of fraud detection rules, that the second transaction is fraudulent;
and
in response to the determination that the second transaction is fraudulent:
stop the second transaction;
block use of the second card;
and
communicate a second message to the user indicating that the second card is blocked;
receive, from the user, a response to the second message indicating that the second transaction is not fraudulent;
and
based on the response, release the block on the second card and the block on the first card.

21 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/483,920Filed 10 Apr 2017
Published: 11 Oct 2018
Term ends: Not estimatedThe source records don’t support an estimate.

Classification7 codes

G06Q 20/4016
Transaction verification: involving fraud or risk level assessment in transaction processing
G06Q 20/20
Payment architectures: point-of-sale [POS] network systems
G06Q 20/3224
Aspects of commerce using mobile devices [M-devices]: transactions dependent on location of M-devices
G06Q 20/405
Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check…:…