Square, Inc.

Block, Inc.

Stephen Karl Touset

John Lewis

In some examples, a payment service system receives an indication of an initiation of a transaction at a merchant device, the indication including transaction information indicative of a payment instrument associated with the transaction. The payment service system transmits, to a mobile device, a request for the mobile device to monitor for one or more signals of other devices within a proximity of the mobile device. The payment service system receives, from the mobile device, information related to monitoring for the one or more signals of other devices within the proximity of the mobile device. The payment service system determines whether the received information related to the monitoring for the one or more signals of other devices satisfies a threshold for a presence indication. The payment service system performs at least one action based at least on whether the threshold for the presence indication is satisfied.

Detecting device presence indication

In some examples, a system may receive, from a merchant device, an indication of a transaction between a merchant and a customer, including transaction information associated with the transaction. The system may further receive, from the merchant device, a signal from a customer device associated with the customer and received by the merchant device. Based on the transaction information, the system may determine a previous signal previously received from the customer device, and at least one previous parameter associated with the previous signal. The system determines at least one parameter associated with the received signal and determines a presence indication based on comparing the previous parameter and the determined parameter. For example, the presence indication may be indicative of the customer device being physically present at or near a geographical location of the merchant device. Based on the presence indication, the system may send an instruction to process the transaction.

Introduced here is a technology that enables fraud detection and protection in financial transactions using a communication signal identification mechanism. The technology eliminates the uncertainties as to the authenticity of a payment card and/or a customer involved in a transaction. In at least some embodiments, methods and systems are disclosed for facilitating communication with one or more personal computing devices physically present at a merchant's POS device to establish customer presence and/or card presence. The personal computing devices can include a smartphone, a wearable electronic device, or any electronic device capable of communication with other devices. The personal computing devices can also include a payment card in the form of a smartcard with embedded BLE or any other smart chip (e.g., GPS, Wi-Fi, 4G, etc.). In some embodiments, methods and systems are disclosed for applying context-based restrictions on the payment card to assist in protection against fraud.

Fraud protection based on presence indication

Introduced here is a technology that enables fraud detection and protection in financial transactions using a communication signal identification mechanism. The technology eliminates the uncertainties as to the authenticity of a payment card and/or a customer involved in a financial transaction, such as a payment transaction. In at least some embodiments, methods and systems are disclosed for facilitating establishment of a card presence through communication with a payment card being used in a transaction instantiated on a merchant's POS device. The payment card can be in the form of a smartcard with embedded BLE or any other smart chip (e.g., GPS, Wi-Fi, 4G, LTE, etc.) capable of transmitting a communication signal that contains identifying information, which can be used to establish the card presence.

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San Francisco, CA, United States of America

Stephen Karl Touset