Electronic Devices and Corresponding Methods for Delivering Fraud Warnings to an Electronic Device User Interface

An electronic device, comprising:

• a communication device;
• and
• one or more processors operable with the communication device;
• wherein when the communication device receives a financial transaction initiation communication from at least one remote electronic device comprising an electronic device identifier from which a financial transaction initiation request was received by the at least one remote electronic device, the one or more processors determine whether the electronic device identifier is associated with an account identifier of an account used for fraud;
• and
• when the electronic device identifier is associated with the account identifier of an account used for fraud, the one or more processors cause the communication device to present a prompt on the at least one remote electronic device warning of fraudulent activity.

A method, comprising:

• constructing, by one or more processors of an electronic device, a functional database compiling at least:
• a first set of electronic device identifiers associated with falsified account or personal identification numbers;
• a second set of electronic device identifiers having associated therewith reports of fraudulent activity exceeding a predefined report threshold;
• and
• a third set of electronic device identifiers verified as being associated with fraud by a third party;
• receiving, with a communication device of the electronic device, a financial transaction initiation communication from at least one remote electronic device in communication with the communication device, the financial transaction initiation communication comprising an electronic device identifier from which a financial transaction initiation request was received by the at least one remote electronic device;
• querying, by the one or more processors in response to the financial transaction initiation communication, the functional database to determine whether the electronic device identifier is found in the first set of electronic device identifiers, the second set of electronic device identifiers, or the third set of electronic device identifiers;
• and
• when the electronic device identifier is found in the first set of electronic device identifiers, the second set of electronic device identifiers, or the third set of electronic device identifiers, causing, by the one or more processors, the communication device to present a prompt on the at least one remote electronic device warning of fraudulent activity.