System and method for providing database security measures

Abstract

A trigger card and system for preventing credit and debit card fraud is disclosed. The trigger card is adapted to be indistinguishable from typical credit cards and other cards issued by financial institutions. The system is adapted to receive signals when a standard card reader reads the trigger card. The system is further adapted to initiate an automated procedure to reduce fraud upon receipt of the signal indicating that the trigger card has been read by the card reader.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS [0001] This application is a continuation-in-part (CIP) of U.S. patent application Ser. No. 10 / 913,636, filed on 6 Aug. 2004, titled “APPARATUS AND METHOD FOR PREVENTING CREDIT CARD FRAUD,” and this application claims priority to International Application No. PCT / US2005 / 027708, filed 5 Aug. 2005, titled “APPARATUS AND METHOD FOR PREVENTING CREDIT CARD FRAUD,” both of which are incorporated herein by reference as if fully set forth herein.BACKGROUND [0002] 1. Field of the Invention [0003] The present invention relates generally to the prevention of credit card fraud and more particularly, to a system and method for providing database security measures. [0004] 2. Description of Related Art [0005] It is well known that credit card fraud is a major problem in the credit card industry. Such fraud is achieved in many ways, one method being the theft of a cardholder's wallet or purse and the subsequent unauthorized usage of the credit cards and debit...

AI Technical Summary

Benefits of technology

[0010] There is a need for credit card fraud prevention system that provides an immediate and reliable indication that theft, fraud, or unauthorized use has occurred. There is also a need for a system which increases the arrest rate for credit card theft.

[0011] Therefore, it is an object of the present invention to provide an apparatus and method for preventing and reducing credit card fraud that provides an immediate and reliable notification that theft, fraud, or unauthorized use of a credit, debit, or financial institution card has occurred, and that provides an immediate procedure for canceling and reordering credit cards. It is a further object to provide a system that provides an increase in the arrest rate for credit card theft.

[0013] The present invention provides significant advantages, including: (1) immediate response to fraud notification in the form of card cancellation, notification, and delivery of new cards; (2) increased reporting of credit card theft; (3) simplified “back-to-normal” status for cardholders; (4) increased collection of data about fraudulent users; (5) reduced false positive notifications of fraud or theft; and (6) significantly reduced losses to credit card issuers and retail entities due to credit card fraud.

Problems solved by technology

Although the trigger card looks and feels like a regular credit card, any attempted use of the trigger card immediately signals the theft, fraud, or unauthorized use of the card and sets a variety of systems into action.

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