System and method for preventing theft of funds

Abstract

The invention relates to systems for the anti-fraud protection of borrowing operations. The technical result consists in preventing the theft of funds through borrowing operations. The proposed system comprises the following, connected to one another for interaction and the remote exchange of data: a processing centre of an issuer; a processing centre of a credit bureau; and communication means of a potential borrower and of an authorized representative of the borrower, wherein the numbers of said means are recorded in the processing centre of the issuer to permit the exchange of requests with said centre. In the proposed method, checks for attempted theft of funds through borrowing operations are carried out by the authorized representative of the potential borrower.

Description

[0001] G06Q 10 / 00

[0002] SYSTEM AND METHOD FOR PREVENTING THEFT OF MONEY USING LOAN OPERATIONS OF INDIVIDUALS AND LEGAL ENTITIES IN THE FORMS OF LOANS AND CREDITS

[0003] The present invention generally relates to information and communication technologies that are used in systems and methods specifically designed for administrative, financial, managerial or supervisory purposes in the activities of financial and credit organizations, and more specifically to ensuring anti-fraud security for the conduct of borrowing operations of individuals and legal entities in the form of loans and credits.

[0004] State of the art

[0005] Currently, financial and credit organizations widely use anti-fraud systems (from the English word "anti-fraud" - the fight against fraud), which are designed to prevent fraudulent transactions.

[0006] The main algorithm of the anti-fraud system:

[0007] - evaluates banking or online transactions according to certain criteria;

[0008] - if any of the transactions do not comply with them, a more thorough check is carried out;

[0009] - a decision is made to allow or block the operation.

[0010] Anti-fraud systems are used to protect all online and offline financial transactions. They are used by banks, large retailers, and payment systems (Mir, Visa, MasterCard, PayPal).

[0011] The prior art discloses a solution entitled "System and Method for Protecting a Bank Cardholder from Overdraft and Theft of Funds from Their Bank Card in Any Bank Card Usage Environment" (Russian Federation Patent for Invention No. 2695984, dated August 21, 2018, MIC class G06Q 20 / 34 (2012.01), author Pavel Vladimirovich Korchagin (RU) (hereinafter referred to as D1). Solution D1 discloses a system comprising a bank card issuer's processing center, an acquirer's processing center, and a plastic cardholder's bank card. The system also includes means for communicating between the bank cardholder and their authorized representatives, using numbers registered with the issuer's processing center, for exchanging authenticated requests with said center.In method D1, verification for attempted unwanted or fraudulent transactions using the cardholder's bank card is performed by their authorized representatives. The issuer's processing center exchanges authenticated requests with them via the authorized representatives' communication channels to determine the feasibility of executing transactions requested using the card of their principal—the cardholder. The system and method disclosed in D1 do not provide anti-fraud security for borrowing transactions by individuals and legal entities in the form of cash and non-cash loans and credits.

[0012] The essence of the invention

[0013] Issuing loans and credits to the population is one of the main activities of financial and credit organizations in many countries.

[0014] In Russia, the total volume of loans and credits issued to individuals reached a record 37 trillion rubles in the first half of 2024, according to the Izvestia newspaper, citing data from the Central Bank of the Russian Federation.

[0015] With such record-breaking growth in Russian credit activity, the number and volume of thefts from bank accounts and cards across all mediums of use are growing at an even more dramatic rate in our country, including through borrowing transactions by individuals and legal entities in the form of cash and non-cash loans and credits.

[0016] Fraudsters defraud Russians of large sums of money every day, including by forcing them to take out loans and credits. Currently, due to the SVO, many of the so-called call centers for telephone scammers are located in Ukraine. In the "Stars Against Fraudsters" episode of the "Let Them Talk" program on November 11, 2024, at the 29th minute, it was reported that since the beginning of the SVO, telephone scammers from Ukraine have committed over 700,000 crimes against Moscow residents alone, resulting in the theft of over 250 billion rubles from Moscow residents. The objective of this invention is to enable the processing center of a financial institution to conduct a preliminary (before issuing a requested loan or credit) verification of the following important factors for a specific online or offline loan and / or credit application from a potential borrower:

[0017] - Who is applying for a loan and / or credit: a law-abiding authorized citizen or an unknown unauthorized person?

[0018] What is the psychophysical state of a law-abiding, authorized citizen if he / she is the one applying for a loan and / or credit?

[0019] - What is the situational environment in the place where a law-abiding, authorized citizen applies for a loan and / or credit?

[0020] The technical result achieved through the use of the proposed invention is the prevention of theft of funds using borrowing operations of individuals and legal entities in the form of loans and credits of cash and non-cash funds.

[0021] The technical result achieved through the use of the proposed invention is also that its use is possible on the basis of already existing technologies for monitoring and managing the implementation of borrowing operations of individuals and legal entities in the form of loans and credits of cash and non-cash funds.

[0022] The specified technical results are achieved in that the system for preventing theft of funds using borrowed transactions of individuals and legal entities in the form of a loan and credit contains, interconnected with the possibility of remote data exchange and interaction, at least a processing center of a financial and credit organization, a processing center of a credit history bureau or its analogue, communication means (for example, mobile phones) of a potential borrower and at least one authorized person of a potential borrower, with numbers registered at least in the processing center of a financial and credit organization, wherein the processing center of a financial and credit organization and the communication means of a potential borrower and at least one authorized person of a potential borrower have the ability to exchange authenticated requests with each other around the clock.

[0023] A method for preventing theft of funds using borrowing operations of individuals and legal entities in the form of a loan and credit, using a system containing, interconnected with the possibility of remote data exchange and interaction, at least a processing center of a financial and credit organization, a processing center of a credit history bureau or its equivalent, communication facilities (for example, mobile phones) of a potential borrower and at least one authorized person of the potential borrower, with numbers registered at least in the processing center of the financial and credit organization, wherein the processing center of the financial and credit organization and the communication facilities of the potential borrower and at least one authorized person of the potential borrower have the ability to exchange authenticated requests with each other around the clock,at the same time, a potential borrower may request loans and credits in any amount from various financial and credit institutions, in addition to this, at the request of a potential borrower, the financial and credit institution chosen by him may set a limit on the amount of a loan and credit for a potential borrower, while the financial and credit institution in which the potential borrower requests a loan and / or credit, sends an authenticated request about such a request of the potential borrower to his authorized representative, if the authorized representative approves the application of his principal to receive a loan and / or credit, the financial and credit institution returns to considering the application of this potential borrower, and ultimately can issue a loan and / or credit to the potential borrower, and if the authorized person does not approve the application of his principal or does not respond to the authenticated request,a financial and credit institution refuses a potential borrower's application for a loan and / or credit of any amount.

[0024] The specified essential features are interconnected with each other to form a stable set of essential features sufficient to obtain the required technical results.

[0025] The distinctive features of the claimed invention were not discovered during the search for known systems and methods of similar purpose, which indicates that this technical solution meets the conditions of patentability.

[0026] The present invention is illustrated by specific examples, which, however, are not the only possible ones, but clearly demonstrate the possibility of achieving the required technical results with the given set of features.

[0027] Description of preferred embodiments of the invention According to the present invention, a system and method for preventing theft of funds using borrowing operations of individuals and legal entities in the form of a loan and credit are considered.

[0028] The system comprises, interconnected and capable of remote data exchange and interaction, at least a processing center of a financial institution, a processing center of a credit bureau or its equivalent, and communication devices (e.g., mobile phones) of a potential borrower and at least one authorized representative of the potential borrower. The numbers of these communication devices are registered with at least the processing center of the financial institution. The processing center of the financial institution and the communication devices of the potential borrower and at least one authorized representative of the potential borrower have the ability to exchange authenticated messages with each other 24 / 7.

[0029] It should be noted that, at the discretion of the potential borrower, his authorized representative - one or more - may be various structures and individuals to whom the potential borrower equally entrusts control over the possibility of carrying out his borrowing operations in the form of loans and credits of cash and non-cash funds using his bank accounts and cards in any environment of their use, in particular:

[0030] - security service of a financial and credit organization; - security company of a financial and credit organization;

[0031] - third-party security company;

[0032] - security service of the potential borrower’s organization;

[0033] - personal security guard of a potential borrower;

[0034] - relatives or acquaintances of the potential borrower.

[0035] Accordingly, various authorized persons, in accordance with the requirement (protocol) of the financial and credit organization, have various types of communication tools and software and hardware communication solutions for interaction, at least with the communication tool of the potential borrower and the processing center of the financial and credit organization.

[0036] The structure and operating principles of the present invention are outlined below in general terms, while a detailed description of known aspects of the operation and interaction of the subsystems of the processing centers (at least of the financial and credit organization and the credit bureau or its analogue) with each other and with the bank accounts and cards of the potential borrower is not given in this description, so as not to obscure its essence.

[0037] Variant 1 of the invention:

[0038] Initially, a potential borrower signs up for a banking service at a financial institution where they have at least one bank account or one bank card. This service allows their authorized representative to control their account or card spending transactions. These spending transactions also include the potential borrower's potential borrowing options, including cash and non-cash loans and credits, in any currency.

[0039] When a potential borrower connects to the specified banking service, the financial institution's processing center transmits information to at least the credit bureau's or equivalent processing center that the potential borrower has connected to the specified banking service, and, accordingly, their expenditure transactions, loans, and credits are monitored and approved by an authorized representative. The credit bureau's or equivalent processing center then informs other domestic and international financial institutions of this information.

[0040] If necessary, a potential borrower can establish various parameters for spending limits, loans, and credits in such a banking service in agreement with the financial institution.

[0041] For example, a daily limit may be set on the amount of expenditure transactions, loans, and credits on an account or card (e.g., ₽5,000). Accordingly, according to the terms of this banking service, if the total amount of requested expenditure transactions, loans, and credits exceeds ₽5,000 on the current day, the financial institution's processing center will not process the requested transaction, loan, or credit that exceeds the limit. Instead, it will send an authenticated request to the potential borrower's authorized representative to approve the execution of such transaction, loan, or credit, for example, on the following day.

[0042] After the authorized representative receives the specified authenticated request from the financial institution's processing center, the authorized representative immediately contacts their principal—the potential borrower—using available communication methods. During the face-to-face conversation, the authorized representative clarifies the potential borrower's situation, wishes, and plans for the requested expenses, loans, and credits. They also determine whether they are under pressure from third parties, their mental and physical condition, and the situation at the location where their principal intends to conduct the transaction or receive the loan or credit.

[0043] If the authorized representative is unable to contact their principal (potential borrower), or if their psychophysical condition appears inadequate to the authorized representative and / or the situation at the principal's location is suspicious, the authorized representative sends an authenticated request to the financial institution's processing center with the following approximate content: "Block the transaction, loan, or credit requested by my principal (full name)." Upon receipt of such a request, the financial institution's processing center maintains its block on debit transactions through the client's bank account or bank card, or on the requested loans and credits, at least until the circumstances are clarified in accordance with the procedure established by the financial institution, and sends an authenticated request to the potential borrower containing information regarding this block.

[0044] If the authorized representative has been able to contact their principal, the potential borrower, and has verified that the principal's request, their psychophysical condition, and the situational environment at their location are normal, the authorized representative sends an authenticated request to the financial institution's processing center with the following approximate content: "The transaction, loan, or credit requested by my principal (full name) - authorize."

[0045] If the authorized representative approves the principal's application for a loan and / or credit, the financial institution returns to reviewing the potential borrower's application and may ultimately issue the potential borrower a loan and / or credit. If the authorized representative does not approve the principal's application or does not respond to an authenticated request, the financial institution denies the potential borrower's application for a loan and / or credit in any amount.

[0046] Variant 2 of the invention:

[0047] Initially, a potential borrower does not connect to a banking service at a financial institution where he has at least one bank account or one bank card, according to which his spending transactions on the account or card and his possible borrowing transactions in the form of a loan or credit are controlled by his authorized representative.

[0048] Without the specified connected banking service, a potential borrower applies for a loan and / or credit online or in person to their financial institution where they have at least one bank account or one bank card, or to another financial institution where they do not have bank accounts or cards. Regardless of which of the listed financial institutions the potential borrower applies to online or in person, the financial institution they have chosen requires the potential borrower to connect to a banking service before considering their loan and / or credit application. According to this service, their account or card expenditures and potential borrowing transactions in the form of a loan or credit are monitored by one or more authorized persons selected by the potential borrower.

[0049] When a potential borrower connects to the specified banking service, the financial institution's processing center transmits information to at least the credit bureau's or equivalent processing center that the potential borrower has connected to the specified banking service, and, accordingly, their expenditure transactions, loans, and credits are monitored and approved by an authorized representative. The credit bureau's or equivalent processing center then informs other domestic and international financial institutions of this information.

[0050] Once a potential borrower has connected to the specified banking service, the financial institution's processing center sends an authenticated request to their authorized representative to approve the loan and / or credit requested by the potential borrower.

[0051] After the authorized representative receives the specified authenticated request from the financial institution's processing center, the authorized representative immediately contacts their principal—the potential borrower—using available communication methods. During the face-to-face conversation, the authorized representative clarifies the potential borrower's situation, wishes, and plans for the requested expenses, loans, and credits. They also determine whether they are under pressure from third parties, their mental and physical condition, and the situation at the location where their principal intends to conduct the transaction or receive the loan or credit.

[0052] In the event that the authorized person was unable to contact his principal - a potential borrower or his psychophysical condition seemed to be

[0053] If the trustee's actions are deemed inadequate and / or the situation at the location where the trustee is located is suspicious, the trustee sends an authenticated request to the financial institution's processing center with the following approximate content: "The loan or credit requested by my trustee (full name) is prohibited." Upon receipt of such a request, the financial institution's processing center maintains its prohibition on the potential borrower's requested loans or credits, at least until the circumstances are clarified in accordance with the procedure established by the financial institution, and sends the potential borrower an authenticated request containing information regarding the prohibition.

[0054] If the authorized representative has been able to contact their principal, the potential borrower, and has verified that the principal's request, their psychophysical condition, and the situational conditions at their location are normal, the authorized representative sends an authenticated request to the financial institution's processing center with the following approximate content: "The loan or credit requested by my principal (full name) - approve."

[0055] If the authorized representative approves the principal's application for a loan and / or credit, the financial institution returns to reviewing the potential borrower's application and may ultimately issue the potential borrower a loan and / or credit. If the authorized representative does not approve the principal's application or does not respond to an authenticated request, the financial institution denies the potential borrower's application for a loan and / or credit in any amount.

[0056] The present invention is industrially applicable, as it can be implemented using known information and communication technologies used for administrative, financial, managerial or supervisory purposes in the activities of financial and credit organizations, including for ensuring the security of borrowing operations of individuals and legal entities in the form of loans and credits.

Claims

G06Q 10 / 00 SYSTEM AND METHOD FOR PREVENTING THEFT OF MONEY USING LOAN OPERATIONS OF INDIVIDUALS AND LEGAL ENTITIES IN THE FORMS OF LOANS AND CREDITS CLAUSES OF THE INVENTION 1. A system for preventing theft of funds using borrowing operations of individuals and legal entities in the form of loans and credits, comprising, interconnected with the possibility of remote data exchange and interaction, at least a processing center of a financial and credit organization, a processing center of a credit history bureau or its equivalent, communication means (for example, mobile phones) of a potential borrower and at least one authorized person of the potential borrower, with numbers registered at least in the processing center of the financial and credit organization, wherein the processing center of the financial and credit organization and the communication means of the potential borrower and at least one authorized person of the potential borrower have the ability to exchange authenticated messages with each other around the clock.

2. A method for preventing theft of funds using borrowing operations of individuals and legal entities in the form of loans and credits, using a system containing, interconnected with the possibility of remote data exchange and interaction, at least a processing center of a financial and credit organization, a processing center of a credit history bureau or its analogue, communication facilities (for example, mobile phones) of a potential borrower and at least one authorized person of a potential borrower, with numbers registered at least in the processing center of a financial and credit organization, wherein the processing center of a financial and credit organization and the communication facilities of a potential borrower and at least one authorized person potential borrowers have the ability to exchange authenticated messages with each other around the clock, at the same time, a potential borrower can request loans and credits of any amount from various financial and credit institutions, in addition to this, at the request of a potential borrower, the financial and credit institution chosen by him can set a limit on the amount of a loan and credit for a potential borrower, while the financial and credit institution in which the potential borrower requests a loan and / or credit, sends an authenticated message about such a request of the potential borrower to his authorized representative, if the authorized representative approves the application of his principal to receive a loan and / or credit, the financial and credit institution returns to review the application of this potential borrower, and ultimately can issue a loan and / or credit to the potential borrower,and if the authorized person does not approve the application of his principal or does not respond to an authenticated request, the financial and credit institution refuses the potential borrower's application for a loan and / or credit in any amount.