Mobile fraud prevention system and method

Patent metadata

Field	Value
Publication number	US-9779403-B2
Application number	US-201213681745-A
Country	US
Kind code	B2
Filing date	Nov 20, 2012
Priority date	Dec 7, 2007
Publication date	Oct 3, 2017
Grant date	Oct 3, 2017

Abstract

A fraud prevention system is disclosed for preventing fraudulent activity on user accounts, the fraud prevention system interacting with a transaction tracking system for allowing association of transactions with user-defined categories. The fraud prevention system may include a computer memory including at least one database storing system settings specifying account-related events that require fraud prevention action and user-defined settings specifying account-related events that require fraud prevention action, wherein at least one of the user-defined settings pertains to events falling in one of the user-defined categories. The fraud prevention system may also include at least one computer processor programmed for detecting occurrence of the account-related events, accessing the system settings and user settings in the computer memory to determine if a fraud prevention action is required in response to the detected account-related event, activating a fraud prevention user interface for the user when fraud prevention action is required, and receiving user instructions through the fraud prevention interface and processing the user instructions.

First claim

The invention claimed is:

1. A fraud prevention system for prevention fraudulent activity on user accounts, the fraud prevention system interacting with a transaction tracking system for allowing association of transactions with user-defined categories, the fraud prevention system comprising:
a computer memory including at least one database storing,
a user-created profile; and
system settings specifying account-related events that require fraud prevention action; and
user-defined settings specifying account-related events that require fraud prevention action, wherein at least one of the user-defined settings pertains to events falling in one of the user-defined categories; and

at least one computer processor programmed for,
processing user input of a user-defined signature gesture for authentication of the user and storing the signature gesture in the computer memory, wherein a security level for an account-related event is assigned to the user-defined signature gesture;
determining whether authentication is required for a user action, wherein tagging of a purchase into one of the user-defined categories does not require authentication;
detecting occurrence of the account-related event;
accessing the system settings and user settings in the computer memory to determine if a fraud prevention action is required in response to the detected account-related event;

activating for the user, a fraud prevention user interface indicating the assigned security level for the account-related event when fraud prevention action is required; and
receiving user instructions through the fraud prevention interface and processing the user instructions,

wherein the at least one computer processor is further programmed to authenticate a system user attempting to perform the detected account-related event, wherein the authentication includes detecting the signature gesture corresponding to the assigned security level, and verifying the signature gesture, and wherein the at least one computer processor is further programmed to generate an enriched alert upon detection of specific account-related events, the enriched alert allowing the user to view additional details in real time.

2. The system of claim 1 , wherein the system user is attempting a transaction at a point of sale and the signature gesture is performed with a mobile device implemented as a controller.

3. The system of claim 1 , wherein the system user is attempting a transaction at a point of sale and point of sale equipment is implemented to detect the signature gesture.

4. The system of claim 1 , wherein the enriched alert includes notification of a payment due and the additional details provide that the payment is a recurring payment.

5. The system of claim 1 , wherein the enriched alert includes a notification that an employee of the user has exceeded a spending limit and the additional details include an interface for increasing the spending limit.

6. The system of claim 1 , wherein the fraud prevention user interface is a pre-purchase user interface providing a real time notification to the user of the account-related event with additional details.

7. The system of claim 6 , wherein the pre-purchase notification includes information that a bank card has been activated.

8. The system of claim 1 , wherein the fraud prevention user interface is a post-purchase user interface providing options for disputing a purchase, viewing transaction details, and reporting stolen bank card.

9. A fraud prevention method for preventing fraudulent activity on user accounts, the fraud prevention method for interaction with a transaction tracking system for allowing association of transactions with user-defined categories, the fraud prevention method comprising:
storing, in a computer memory, information including at least, a user-created profile, system settings specifying account-related events that require fraud prevention action and user-defined settings specifying account-related events that require fraud prevention action, wherein at least one of the user-defined settings pertains to events falling on one of the user-defined categories;
implementing at least one computer processor for performing steps including
processing user input of a user-defined signature gesture for authentication of the user and storing the signature gesture in the computer memory, wherein a security level for an account-related event is assigned to the user-defined signature gesture;

determining whether authentication is required for a user action, wherein tagging of a purchase into one of the user-defined categories does not require authentication;
detecting occurrence of the account-related event;
accessing the system settings and user settings stored in the computer memory to determine if a fraud prevention action is required in response to the detected account-related event;
activating a fraud prevention user interface for the user when fraud prevention action is required, the user interface operable to indicate the assigned security level for the account-related event;
receiving and processing instructions entered by the user through the fraud prevention user interface;
authenticating a system user attempting to perform the detected account-related event, wherein the authentication includes detecting the signature gesture corresponding to the assigned security level, and verifying the signature gesture and generating an enriched alert upon detection of specific account-related events, wherein the enriched alert allows the user to view additional details in real time.

10. The method of claim 9 , wherein the system user is attempting a transaction at a point of sale and the signature gesture is performed with a mobile device implemented as a controller.

11. The method of claim 9 , wherein the system user is attempting a transaction at a point of sale and point of sale equipment is implemented to detect the signature gesture.

12. The method of claim 9 , wherein the enriched alert includes notification of a payment due and the additional details proved that the payment is a recurring payment.

13. The method of claim 9 , wherein the enriched alert includes a notification that an employee of the user has exceeded a spending limit and the additional details include an interface for increasing the spending limit.

14. The method of claim 9 , wherein the fraud prevention user interface is a pre-purchase user interface providing a real time notification to the user of the account-related event with additional details.

15. The method of claim 14 , wherein the pre-purchase notification includes information that a bank card has been activated.

16. The method of claim 9 , wherein the fraud prevention user interface is a post-purchase user interface providing options for disputing a purchase, viewing transaction details, and reporting a stolen bank card.

17. The method of claim 9 , further comprising storing information including at least, data from an application for a bank card, the data including smart phone information indicating that the applicant has a smart phone and a number associated with the smart phone.

18. The method of claim 17 , further comprising issuing the bank card requested in the application, detecting an activation attempt, and accessing the stored data and retrieving the smart phone information.

19. The method of claim 18 , further comprising sending a push notification to the smart phone based on the smart phone information, the push notification including an alert that activation has been ach

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Ranganath Satyan
• Szwalbenest Stan
• Rose Maura
• Keld Marcia
• Field Manning
• Mcinerney Ryan

Classifications

• G06Q20/20

  Point-of-sale [POS] network systems · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q20/4016 Primary

  involving fraud or risk level assessment in transaction processing · CPC title