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.:
Date of Patent:
Oct. 13, 2026
Filed:
Apr. 19, 2024
Bank of America Corporation, Charlotte, NC (US);
Saurabh Garg, Faridabad Haryana, IN;
Maneesh Sethia, Hyderabad Telangana, IN;
Shailendra Singh, Thane West Maharashtra, IN;
Bank of America Corporation, Charlotte, NC (US);
Abstract
A method for monitoring transactions for identifying fraudulent activity is provided. The method may include receiving a transaction request at a payment switch interface from a payment network. The method may include comparing the transaction request to all transactions received that are within a predetermined time immediately preceding a timestamp of the time of execution of the transaction request and that include a geolocation that is within a predetermined proximity to the geolocation of the transaction request. In response to the comparing, the method may include identifying a number of transactions greater than a first threshold that are received within the predetermined time and the geolocation is within the predetermined proximity. Following the identifying, the method may include executing a geofencing by restricting transactions from being executed via the smart card and a plurality of smart cards associated with the payment network that are being executed from within the geolocation.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile