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:
Mar. 06, 2018
Filed:
May. 06, 2014
Square, Inc., San Francisco, CA (US);
John Lewis, San Francisco, CA (US);
Stephen Karl Touset, San Francisco, CA (US);
SQUARE, INC., San Francisco, CA (US);
Abstract
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.