Anti-counterfeiting system and method of on-line transaction of credit card

Abstract

The invention discloses an anti-counterfeiting system and method of the on-line transaction of a credit card. The system comprises an anti-counterfeiting system of the on-line transaction, wherein the anti-counterfeiting system of the on-line transaction is connected between a consumer e-commerce side and a verification and authorization organization side; the anti-counterfeiting system of the on-line transaction and the verification and authorization organization side execute corresponding authentication or corresponding authentication and authorization on the basis of different transaction risk levels of the credit card; the anti-counterfeiting system of the on-line transaction comprises a multi-information authentication module, a real-time identity authentication module of an authentication mobile phone, a database and a consumption behavior analysis module, wherein the consumption behavior analysis module analyzes the historical consumption records of a card holding consumer in the database and judges the transaction risk level; the multi-information authentication module or the real-time identity authentication module of the authentication mobile phone is started to correspond to different authentication mechanisms so as to realize a function that the on-line transaction risk of the credit card is distinguished to reduce the risk cost of network merchants.

Description

technical field [0001] The present invention is an anti-counterfeiting system and method for credit card online transactions, in particular, it refers to the system and method for identifying the risks of credit card online transactions, reducing the risk cost borne by online merchants, and ensuring that cardholders can complete credit card online consumption transactions in a simple process . Background technique [0002] The current credit card (verification service) is an online shopping security mechanism constructed by VISA, MasterCard and JCB International Organization, which confirms the identity of the cardholder when shopping and improves the security of online transactions. Cardholders need to go to the exclusive website of the card-issuing bank to register for security verification, and some banks also provide the function of registering immediately in online shopping. Although the security design of this service can reduce transaction disputes and misappropriati...

AI Technical Summary

Problems solved by technology

Although the security design of this service can reduce transaction disputes and misappropriation caused by the use of credit cards, cardholders often give up transactions in progress because they have not applied for or forgotten their portable passwords, which has resulted in huge sales for merchants that originally introduced them. Affected and abandoned

And many card-issuing banks have not joined this mechanism, which also creates a huge risk gap in verification

[0003] The 3D verification (VERIFIED by VISA, MasterCard Secure Code, JCBJ / Secure) of the current online shopping security mechanism uses full transaction verification, which forms an invisible barrier for cardholders who cannot complete password verification in real time and hinders the completion of transactions

Under the condition of not using 3D verification, the acquiring bank often implements measures such as quota control and monthly limit on single card number, which indirectly affects the cardholder's willingness to use the card

Some acquiring banks will terminate transactions in industries or merchants that cannot effectively control counterfeit card transactions, seriously affecting the normal development of the industry

The 3D verification mechanism implements laissez-faire authorization for card transactions of card-issuing banks (up to more than a dozen) that have not established this mechanism, resulting in an increase in the proportion of counterfeit cards, making online merchants have to bear risk costs

[0004] In addition, the current 3D verification dynamic password mode also adopts full transaction verification, which makes the card issuing banks have to bear the high cost of SMS or the high cost of DisplayCard card production, and only a few banks implement it and cannot be widely implemented.

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