Location Verification Server for Financial Fraud Prevention
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Solution Overview
Problem
Current technologies lack effective solutions for verifying user locations to prevent financial card fraud, phishing, improving emergency services routing, and filtering unwanted communications, particularly due to the anonymity associated with electronic communications and the lack of accurate location-based verification methods.
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, authenticate users, route emergency calls, and filter electronic messages, thereby enhancing location-based security and service delivery.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If location verification technology is implemented to verify user locations and authorize transactions, then financial card fraud prevention is improved, but device complexity and system complexity increase
Solution Approach 1:
The patent introduces a location verification server as an intermediary component that mediates between the mobile device and the financial transaction system. This server receives location data from GPS receivers, verifies it against authorized locations, and provides authentication decisions. By placing this verification logic in a separate intermediary server rather than embedding it directly in mobile devices or transaction systems, the patent reduces complexity at the device level while maintaining strong fraud prevention capabilities through centralized location verification.
2Reliability
If location data transmission and verification processes are added to electronic communications systems, then user authentication and fraud detection are improved, but communication overhead and processing time increase
Solution Approach 1:
The patent implements preliminary location verification by having mobile devices continuously obtain location data from GPS receivers and pre-validate it against authorized locations before actual financial transactions occur. The location verification server maintains pre-configured authorized location databases and can quickly verify whether a device is at an approved location. This preliminary setup and pre-validation approach ensures that when a transaction is initiated, the verification process is already optimized and ready, minimizing additional processing time during the actual transaction moment.
3Reliability
If comprehensive location verification and rule-based authorization systems are deployed, then security against fraud and phishing is improved, but ease of operation and user convenience deteriorate
Solution Approach 1:
The patent implements self-service location verification by having mobile devices automatically obtain location data from their built-in GPS receivers and continuously verify it against authorized locations without requiring user intervention. The location verification server automatically compares current location with authorized locations and handles authentication decisions. Users simply need to register their authorized locations once; thereafter, the system performs continuous automatic verification in the background, maintaining strong security while preserving user convenience as the process becomes transparent and requires no ongoing user action.
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.