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US 9,070,146 B2Granted
Method and system for authenticating online transactions
AssigneePlayspan Inc.
InventorsLex Bayer, Simon Ru, Mark Rose
Life of this patent
Estimating the term…
Abstract
The present invention generally relates to authenticating online transactions, and more specifically, to method and system for determining a potentially fraudulent online transaction request based on a risk parameter associated with a user in a networking platform such as, a social networking platform. The method comprises receiving an online transaction request from a user. Thereafter, determining the risk parameter of the user based on one or more profile parameters associated with the user or one or more peer users associated with the user in the community. Based on the risk parameter of the user the online transaction request of the user is authenticated.
Claims32
A method for authenticating online transactions, the method comprising:
- receiving an online transaction request from a user;
- accessing a plurality of profile parameters associated with the user, the plurality of profile parameters including at least a peer user profile parameter of a peer user who is associated with the user in an online community, the peer user being associated with the user in the online community as a friend of the user in the online community, a colleague of the user in the online community, or a relative of the user in the online community;
- comparing each profile parameter in the plurality of profile parameters with their respective subdivided levels to obtain assigned weights corresponding to the profile parameters;
- determining, by a computing device, a risk parameter indicating a level of trustworthiness of the user based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, and averaging the assigned weights of the profile parameters;
- and
- authenticating the online transaction request based at least in part on the risk parameter associated with the user.
3 more elements
A system for authenticating online transactions, the system comprising:
- a memory for storing data associated with a plurality of profile parameters associated with a user, the plurality of profile parameters including at least a peer user profile parameter of a peer user who is associated with the user in an online community, the peer user being associated with the user as a friend of the user in the online community, a colleague of the user in the online community, or a relative of the user in the online community;
- a processor coupled to the memory, wherein the processor is configured to:
- receive an online transaction request from the user;
- access the plurality of profile parameters associated with the user;
- compare each profile parameter in the plurality of profile parameters with their respective subdivided levels to obtain assigned weights corresponding to the profile parameters;
- determine a risk parameter associated a level of trustworthiness of the user based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, and averaging the assigned weights of the profile parameters;
- and
- authenticate the online transaction request based at least in part on the risk parameter of the user.
5 more elements
A method for authenticating online transactions, the method comprising:
- receiving an online transaction request from a user;
- accessing a plurality of profile parameters associated with the user in an online community;
- comparing each profile parameter in the plurality of profile parameters to their respective subdivided levels to obtain assigned weights corresponding to the profile parameters;
- determining, by a computing device, a risk parameter indicating a level of trustworthiness associated with the user based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, and averaging the assigned weights of the profile parameters, wherein the plurality of profile parameters includes a profile parameter that is:
- a number of peer users in the online community who are associated with the user in the online community as friends, or
- usage data of the user in the online community, the usage data includes at least one of a date of creation of an online community account of the user, frequency of access to the online community account of the user, last login data and time of the online community account of the user;
- frequency of access of a gaming application in the online community using the online community account of the user, and a level of play of the user inside the gaming application;
- and
- authenticating the online transaction request based at least in part on the risk parameter associated with the user.
6 more elements
A system for authenticating online transactions, the system comprising:
- a memory for storing data associated with a plurality of profile parameters associated with a user of an online community, the plurality of profile parameters including at least a profile parameter being one of an education level of the user, a marital status of the user, and a crime rate of a geographical location of the user;
- a processor coupled to the memory, wherein the processor is configured to:
- receive an online transaction request from the user;
- access the plurality of profile parameters associated with the user;
- compare each profile parameter in the plurality of profile parameters with their respective sub-divided levels to obtain assigned weights corresponding to the profile parameters;
- determine a risk parameter associated with the user indicating a level of trustworthiness of the user based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, and averaging the assigned weights of the profile parameters;
- and
- authenticate the online transaction request based at least in part on the risk parameter of the user.
5 more elements
Dependencies are inferred from the claim text.