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The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Patent No.:

US 10733608 B1

PDFFull Text
Expired
Date of Patent:
Aug. 04, 2020

Filed:

Nov. 12, 2015

Detection of fraudulent use of cards and mobile device-based payments

Applicant:

International Business Machines Corporation, Armonk, NY (US);

Inventors:

Shang Q. Guo, Cortlandt Manor, NY (US);

Jonathan Lenchner, North Salem, NY (US);

Maharaj Mukherjee, Poughkeepsie, NY (US);

Assignee:

International Business Machines Corporation, Armonk, NY (US);

Attorneys:

Anthony Curro

Ryan, Mason & Lewis, LLP

Primary Examiner:

Alexander G Kalinowski

Assistant Examiner:

John O Preston

Int. Cl.
CPC ...
G06Q 20/40 (2012.01); G06Q 20/32 (2012.01); G06Q 20/34 (2012.01);
U.S. Cl.
CPC ...
G06Q 20/4016 (2013.01); G06Q 20/3224 (2013.01); G06Q 20/3226 (2013.01); G06Q 20/34 (2013.01);
Abstract

A method for detecting fraudulent payment activity comprises designating one or more objects as typically being in a proximity of a payment mechanism when the payment mechanism is used in a payment transaction, verifying, when attempting to use the payment mechanism for a given payment transaction, whether the designated one or more objects are in the proximity of the payment mechanism, wherein the verifying is based on an electronic communication from at least one of the payment mechanism and the designated one or more objects, establishing whether a threshold number of the designated one or more objects are in the proximity of the payment mechanism, permitting processing of the given payment transaction if the threshold number of the designated one or more objects are in the proximity of the payment mechanism, and preventing processing of the given payment transaction if less than the threshold number of the designated one or more objects are in the proximity of the payment mechanism.

Find Patent Forward Citations

Guo, Shang. (2020). Detection of fraudulent use of cards and mobile device-based payments (U.S. Patent No. 10733608). U.S. Patent and Trademark Office. https://idiyas.com/patent/badge/10733608

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

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