Systems and methods that can verify transactions based upon location disparity between an account holder and POS (point of sale) as well as identity of a customer are provided. The system can employ camera-equipped drones or other image capture mechanisms to perform identity verification on behalf of a financial entity, cardholder or merchant. Further, the innovation provides systems and methodologies by which allegedly fraudulent or suspect transactions can be blocked or further investigated in real- or near real-time so as to assist in loss mitigation and potentially identification of fraudsters.


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    Title :

    Transaction validation and fraud mitigation


    Contributors:

    Publication date :

    2021-10-26


    Type of media :

    Patent


    Type of material :

    Electronic Resource


    Language :

    English


    Classification :

    IPC:    G06Q Datenverarbeitungssysteme oder -verfahren, besonders angepasst an verwaltungstechnische, geschäftliche, finanzielle oder betriebswirtschaftliche Zwecke, sowie an geschäftsbezogene Überwachungs- oder Voraussagezwecke , DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES / B64C AEROPLANES , Flugzeuge / G01S RADIO DIRECTION-FINDING , Funkpeilung



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