SYSTEMS AND METHODS FOR LOCATION-BASED FRAUD PREVENTION

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United States of America Patent

SERIAL NO

15816009

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system for temporarily enabling an otherwise disabled payment account for use in a transaction is configured, responsive to a determination to disable a user's payment account, to provide instructions to a mobile device of the user enabling the user, via the mobile device, to request to temporarily register the payment account for use in a transaction. The system is configured to receive a request from the mobile device to temporarily register the user's payment account for use in a transaction, associate a temporary transaction rule with the account, receive transaction information associated with a transaction authorization request, and identify location information associated with the mobile device of the user. The system is also configured to determine, based on a comparison of location information of the mobile device and a location of the transaction, whether to approve the transaction authorization request and transmit an authorization response to the request.

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Patent Owner(s)

Patent OwnerAddress
CAPITAL ONE SERVICES LLC1680 CAPITAL ONE DRIVE MCLEAN VA 22102

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
BECK, Daniel Arlington, US 26 221
LAMB, Jessica Reston, US 5 40
SCHNEIDER, Samantha Arlington, US 4 81

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