System, Method, and Computer Program Product for Authentication by Augmented Reality for Fraud Prevention

A system comprising a server of a transaction service provider system, the server comprising at least one processor for executing program instructions and being programmed and/or configured to:

• receive AR map data of an authorized area of operation associated with a merchant, the AR map data generated from at least one AR recording device and comprising at least one environmental anchor and at least one virtual object reference point;
• store the AR map data associated with a merchant identifier;
• receive a request for authentication of at least one operation of at least one merchant point-of-sale (POS) device, the request comprising the merchant identifier, wherein the at least one operation comprises an authorization request for a transaction to be completed by the at least one merchant POS device and to be processed by the transaction service provider system;
• retrieve, based on a current position of the at least one merchant POS device, at least a portion of the AR map data corresponding to a location in the authorized area of operation;
• transmit at least a portion of the AR map data to the at least one merchant POS device, wherein receipt of the AR map data by the at least one merchant POS device causes the at least one merchant POS device to execute an AR re-localization process based on the AR map data;
• and
• in response to completion of the AR re-localization process by the at least one merchant POS device, authenticate the at least one operation.

A computer program product comprising at least one non-transitory computer-readable medium including program instructions that, when executed by at least one processor of a transaction service provider system, cause the at least one processor to:

• receive AR map data of an authorized area of operation associated with a merchant, the AR map data generated from at least one AR recording device and comprising at least one environmental anchor and at least one virtual object reference point;
• store the AR map data associated with a merchant identifier;
• receive a request for authentication of at least one operation of at least one merchant point-of-sale (POS) device, the request comprising the merchant identifier, wherein the at least one operation comprises an authorization request for a transaction to be completed by the at least one merchant POS device and to be processed by the transaction service provider system
• retrieve, based on a current position of the at least one merchant POS device, at least a portion of the AR map data corresponding to a location in the authorized area of operation;
• transmit at least a portion of the AR map data to the at least one merchant POS device, wherein receipt of the AR map data by the at least one merchant POS device causes the at least one merchant POS device to execute an AR re-localization process based on the AR map data;
• and
• in response to completion of the AR re-localization process by the at least one merchant POS device, authenticate the at least one operation.