Systems and methods for accessing records via derivative locators

Patent metadata

Field	Value
Publication number	US-12430651-B2
Application number	US-202418647982-A
Country	US
Kind code	B2
Filing date	Apr 26, 2024
Priority date	Aug 2, 2012
Publication date	Sep 30, 2025
Grant date	Sep 30, 2025

Abstract

Systems and methods are provided for accessing records using derivative locators. An open financial transaction may be initiated by a consumer at a merchant. The merchant may provide transaction information to the acquiring bank, which may provide transaction to the global financial network, which may provide transaction information to an issuing bank. One or more requesting party (e.g., one or more of the acquiring bank, global financial network, or issuing bank) may formulate a derivative locator based on the transaction information received. The derivative locator may function as an index through which records in the repository may be accessed by the requesting party. A time comparison may be made in assisting with accessing the correct record in the repository. The requesting party may determine whether to accept or decline the transaction, optionally with the aid of the information accessed from the repository.

First claim

What is claimed is:

1. A method of providing a fraud indication, the method comprising:
determining, by a computer processor associated with a fraud detection server, a first derivative locator based at least in part on first transaction information associated with a first transaction;
based at least on a comparison of the first derivative locator that is linked to a first transaction record with a plurality of derivative locators that are linked to a plurality of transaction records, determining, by the computer processor, that the plurality of derivative locators includes the first derivative locator;
in response to the determination that the plurality of derivative locators includes the first derivative locator, accessing electronic records corresponding to the first derivative locator, wherein the electronic records comprise a reputation score that is generated using aggregated device information or aggregated user information, and wherein the reputation score indicates a likelihood that the first derivative locator is associated with a fraudulent transaction; and
transmitting, by the computer processor and to a remote financial server, the first transaction record and the reputation score.

2. The method of claim 1 wherein the first derivative locator is formulated based on a credit card number used in the first transaction and a transaction amount from the first transaction.

3. The method of claim 1 wherein the first derivative locator includes only transaction information for the first transaction that is transmitted to an issuing bank.

4. The method of claim 1 further comprising capturing a request timestamp; and
comparing, with aid of a processor, the request timestamp with a stored timestamp in a repository corresponding to index information that is associated with the first derivative locator.

5. The method of claim 4 further comprising assessing a likelihood of fraud if a difference in time between the request timestamp and the stored timestamp exceeds a predetermined time threshold.

6. The method of claim 1 further comprising assessing a likelihood of fraud based on the plurality of transaction records.

7. The method of claim 5 , wherein the first transaction is not completed if the likelihood of fraud exceeds a predetermined level, and wherein the first transaction is completed if the likelihood of fraud is below the predetermined level.

8. The method of claim 1 further comprising providing at least some of the first transaction information to a repository, and storing the first transaction information as records within the repository.

9. A system for providing a fraud indication, the system comprising:
a fraud detection server configured to establish a connection with a plurality of network servers over a network, the plurality of network servers comprising a transaction processing computing server and a remote financial server;
a data store configured to store computer-executable instructions; and
a processor in communication with the data store, the processor, when executing the computer-executable instructions, configured to:
determine, by a computer processor associated with a fraud detection server, a first derivative locator based at least in part on first transaction information associated with a first transaction;
based at least on a comparison of the first derivative locator that is linked to a first transaction record with a plurality of derivative locators that are linked to a plurality of transaction records, determine, by the computer processor, that the plurality of derivative locators includes the first derivative locator;
in response to the determination that the plurality of derivative locators includes the first derivative locator, access electronic records corresponding to the first derivative locator, wherein the electronic records comprise a reputation score that is generated using aggregated device information or aggregated user information, and wherein the reputation score indicates a likelihood that the first derivative locator is associated with a fraudulent transaction; and
transmit, by the computer processor and to a remote financial server, the first transaction record and the reputation score.

10. The system of claim 9 wherein the first derivative locator is formulated based on credit card number, debit card number, or pre-paid card number used in the first transaction and a currency amount from the first transaction.

11. The system of claim 9 wherein a repository stores the first transaction information as records.

12. The system of claim 11 wherein the repository includes a reputation score for a user device formulated based on previous transactions associated with the user device.

13. The system of claim 12 further comprising a processor that compares the reputation score with a predetermined threshold, and determines whether to approve the first transaction based on whether the reputation score exceeds the predetermined threshold.

14. A non-transitory computer storage having stored thereon a computer program, the computer program comprising executable instructions that instruct a computer processor of a fraud detection server to at least:
determine, by a computer processor associated with a fraud detection server, a first derivative locator based at least in part on first transaction information associated with a first transaction;
based at least on a comparison of the first derivative locator that is linked to a first transaction record with a plurality of derivative locators that are linked to a plurality of transaction records, determine, by the computer processor, that the plurality of derivative locators includes the first derivative locator;
in response to the determination that the plurality of derivative locators includes the first derivative locator, access electronic records corresponding to the first derivative locator, wherein the electronic records comprise a reputation score that is generated using aggregated device information or aggregated user information, and wherein the reputation score indicates a likelihood that the first derivative locator is associated with a fraudulent transaction; and
transmit, by the computer processor and to a remote financial server, the first transaction record and the reputation score.

15. The non-transitory computer storage of claim 14 , wherein the first derivative locator is determined based on: a credit card number used in the first transaction, a transaction amount from the first transaction, or both.

16. The non-transitory computer storage of claim 14 , wherein the aggregated device information or aggregated user information is aggregated from one or more financial institutions.

17. The non-transitory computer storage of claim 14 , wherein the computer processor is further configured to:
based at least in part on a comparison of the reputation score to a threshold score, rate and transmit, by the computer processor and to a remote financial server, instructions configured to cancel the first transaction.

18. The non-transitory computer storage of claim 14 , wherein the computer processor is further configured to:
provide at least some of the first transaction information to a repository; and
update the reputation score based on at least some of the first transaction information.

19. The non-transitory computer storage of claim 14 , wherein the first transaction is an online transaction.

Assignees

• The 41St Parameter Inc

Inventors

• Eisen Ori

Classifications

• G06Q40/12

  Accounting · CPC title

• G06Q40/02 Primary

  Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) · CPC title

• G06Q40/10

  Tax strategies · CPC title

• G06F16/2322

  using timestamps · CPC title

• G06F16/245

  Query processing · CPC title