Location-Based Rules Architecture for Financial Fraud Prevention
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Solution Overview
Problem
Current technologies lack effective solutions for leveraging location-based information to prevent financial card fraud, phishing, improve emergency services, and filter unwanted communications, as they often rely on anonymous electronic communications and inadequate location verification.
Innovation Solution
A system that uses network-connected devices to transmit location data and unique identifiers to a server, which correlates this information with geographic regions and rules stored in a database to authorize transactions, access information, contact emergency services, or filter messages, thereby enhancing security and service delivery.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If location verification technology is implemented to verify users and authorize transactions, then security against financial card fraud and phishing is improved, but device complexity and system complexity increase
Solution Approach 1:
The patent introduces a location verification server as an intermediary component that handles location data processing, rule evaluation, and authorization decisions. This mediator separates the location verification functionality from the core transaction processing system, allowing security enhancement without significantly complicating the primary system architecture. The server acts as a specialized component that can be integrated or detached as needed.
Solution Approach 2:
The system divides location verification into discrete, modular components: location data reception module, geographic region database, rule database, rule identification module, and authorization module. Each component performs a specific function and can be independently managed, maintained, and configured, reducing overall system complexity while maintaining comprehensive security verification capabilities.
2Reliability
If location data transmission and verification processes are added to network connected devices, then fraud prevention and user authentication are improved, but loss of time for transaction processing increases
Solution Approach 1:
The system pre-establishes geographic regions and authorization rules in databases before transactions occur. Location verification servers can quickly match device location data against pre-defined regions and evaluate pre-configured rules, eliminating the need for complex real-time calculations during transactions. This preliminary setup enables rapid verification while maintaining security.
Solution Approach 2:
The patent uses location data copies and geographic region representations that can be quickly compared and matched without requiring physical movement or complex transformations of the actual location information. The system works with standardized location data formats and pre-stored region definitions, enabling fast verification processes.
3Measurement precision
If comprehensive location-based rules and geographic region databases are implemented, then security verification and service accuracy are improved, but device complexity and information storage requirements increase
Solution Approach 1:
The patent implements location-based rules and geographic regions with specific local characteristics and properties. Each geographic region can have customized rules, time zones, and authorization parameters tailored to local requirements. This allows the system to maintain high precision for local services while avoiding the need to store and process unnecessary global data, optimizing storage efficiency.
Data Source
AI summary
Systems, methods, and software for identifying location based rules related to a network connected device are described. A network connected device may transmit a set of data identifying the location of the device and an identifier unique to the device to a server. The server may also receive an action request, wherein the action request is associated with the identifier. The server may select a rule in a database to address the action request, the rule applicable to the identifier and location of the device. Various embodiments related to financial card transactions, access to financial information, emergency services contact, and electronic message filtering are also addressed.