Vehicle Parking Behavior Tracking Circuit for Fraud Detection
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Solution Overview
Problem
Financial institutions face challenges in locating vehicles for repossession due to their mobile nature and evasive strategies by defaulting owners, which increases costs and complicates the repossession process, and there is a need for fraud prevention in vehicle purchases.
Innovation Solution
A system and method for tracking vehicle parking behavior using a circuit within the vehicle that detects parked states, measures duration, identifies geographic locations, and stores parking information, allowing for prediction of future locations and comparison with provided addresses for fraud detection.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a homing beacon or GPS module is activated to locate the vehicle, then the present location of the collateral can be determined, but the methodology becomes expensive and ineffective if the purchaser removes or disables the device
Solution Approach 1:
The patent uses an intermediary approach by deploying multiple sensors (accelerometer, GPS, communication module) that work together to detect vehicle state and location. The accelerometer serves as a backup intermediary to detect vehicle movement and infer location changes even when GPS is disabled, maintaining tracking reliability through multiple indirect measurement paths
Solution Approach 2:
The system performs preliminary action by continuously monitoring and recording vehicle state data in local memory before repossession is needed. The accelerometer continuously detects vehicle state changes and stores them locally, so that even if GPS is disabled at the moment of repossession, the accumulated historical data can be used to infer vehicle location and movement patterns
2Productivity
If third party repossession agents and investigative service agencies are hired to locate the vehicle, then the vehicle can be recovered, but the repossession process becomes quite costly for the financial institution
Solution Approach 1:
The system enables self-service by providing automated vehicle location tracking and state monitoring capabilities that allow the financial institution to locate and repossess vehicles independently. The integrated sensors and local memory system automatically track vehicle location and state without requiring external investigative services, making the repossession process self-sufficient and cost-effective
Solution Approach 2:
The system implements feedback by continuously monitoring vehicle state through accelerometers and GPS, storing data in local memory, and providing real-time or near-real-time location information to the financial institution. This continuous feedback loop eliminates the need for costly investigative services by providing ongoing vehicle location data that guides repossession efforts
3Reliability
If the purchaser provides an incorrect personal address to evade repossession, then fraud is committed, but there is no system to detect this discrepancy between provided address and actual vehicle location
Solution Approach 1:
The patent replaces manual address verification methods with automated sensor-based location tracking. Instead of relying on purchasers to provide accurate addresses, the system uses accelerometers and GPS to automatically detect and record actual vehicle location and movement patterns, substituting mechanical sensing with electronic measurement to eliminate fraud
Solution Approach 2:
The system creates asymmetry between the information provided by the purchaser (address) and the actual vehicle location data captured by sensors. The accelerometer and GPS create an asymmetric verification mechanism where the actual physical location data contradicts any false address information, making fraud detectable through the mismatch between declared and actual location
Data Source
AI summary
A system, method and apparatus for tracking the parking behavior of a vehicle. In one aspect, the method comprises: a) recording an address associated with a person to whom possession of a vehicle has been provided, b) detecting when the vehicle transitions between a parked state and a non-parked state, and measuring a time duration each time the vehicle is in a parked state; c) for each time duration that exceeds a predetermined minimum time threshold, storing parking information data including a geographic location of the vehicle as a parking instance; d) for a predetermined initial time period subsequent to the person taking possession of the vehicle, comparing, the geographic locations of the parking instances to the associated address; and e) upon determining that none of the geographic locations of the parking instances determined during the predetermined initial time period correspond with the associated address, generating an alert.