SYSTEMS AND METHODS FOR GEO COMPONENT FRAUD DETECTION FOR CARD-PRESENT TRANSACTIONS
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United States of America Patent
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Issued Date -
May 5, 2016
app pub date -
Oct 31, 2014
filing date -
Oct 31, 2014
priority date (Note) -
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Abstract
A method and system for evaluating a card-present payment card transaction for fraud using a computer device coupled to a database are provided. The method includes determining a home activity region for a cardholder using payment card transaction data for the cardholder, receiving a payment card transaction authorization request, and determining a payment card activity location of the received payment card transaction authorization request. The method also includes comparing the determined payment card activity location to the determined home activity region, determining if the determined payment card activity location is within the determined home activity region using a at least one of a selectable threshold and a determined threshold, and outputting a score for the received payment card transaction authorization request based on the determination of whether the payment card activity location is within the determined home activity region.
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