Mobile directory number and email verification of financial transactions

Abstract

Systems and methods for verifying a financial transaction based on an account number, a mobile directory number associated with the financial transaction, a mobile directory number associated with the account number, an email address associated with the account number, internet protocol address data associated with the financial transaction, and internet protocol address data associated with accesses of the email address.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This patent application claims the benefit of U.S. Provisional Patent Application Ser. No. 61 / 223,671 filed Jul. 7, 2009, and entitled, “Mobile Directory Number Verification of Financial Transactions” and U.S. Provisional Patent Application Ser. No. 61 / 223,677 filed Jul. 7, 2009, and entitled, “Email Verification of Financial Transactions,” both of which are hereby incorporated by reference in their entirety.BACKGROUND OF THE INVENTION[0002]Card-not-present (CNP) and card-present (CP) financial fraud is an increasing problem that plagues the financial industry. For CNP transactions, the customer's card is not physically available for a merchant to inspect. The merchant must rely on the cardholder (or someone purporting to be the cardholder) to present the information on the card by some indirect means, whether by mail, telephone or over the Internet when the cardholder is not present at the point of sale. Although more and more CNP fraud ...

AI Technical Summary

Benefits of technology

[0010]An object of an embodiment of the present invention is to provide a system, and its methods of use, to detect fraudulent transactions based on information derived from a payment network pertaining to payment transactions, information derived from a wireless network pertaining to particular wireless device IDs (e.g. mobile directory numbers) and information derived from a financial institution pertaining to cardholders associated with financial accounts. The invention relates generally to protecting the identity of a cardholder and detectin

Problems solved by technology

Furthermore, supplementary subscription data associated with the wireless device, such as the network serving the wireless device, age of the subscription, name on the subscription, porting history of the directory number, and subscribed supplementary features (e.g. call forwarding)

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