Invention Grant
- Patent Title: Apparatus including data bearing medium for reducing fraud in payment transactions using a black list
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Application No.: US15182448Application Date: 2016-06-14
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Publication No.: US10796310B2Publication Date: 2020-10-06
- Inventor: Ayman Hammad
- Applicant: Visa International Service Association
- Applicant Address: US CA San Francisco
- Assignee: Visa International Service Association
- Current Assignee: Visa International Service Association
- Current Assignee Address: US CA San Francisco
- Agency: Kilpatrick Townsend & Stockton LLP
- Main IPC: G06Q20/00
- IPC: G06Q20/00 ; G06Q40/00 ; G06Q20/40 ; G06Q20/12 ; G06Q20/20 ; G06Q30/06 ; G06Q40/02

Abstract:
A system, apparatus, and method for reducing fraud in electronic payment transactions. The apparatus includes a processor that executes instructions to implement a process to identify consumer or merchant devices that have been used in fraudulent transactions and prevent the authorization of future transactions that are initiated using those devices. By collecting device data as part of authorization messages and processing that data, devices that are used in fraudulent transactions with different merchants or involving different accounts may be identified and prevented from being the source of future transactions. This prevents future losses and reinforces the integrity of the transaction system.
Public/Granted literature
- US20160292692A1 APPARATUS INCLUDING DATA BEARING MEDIUM FOR REDUCING FRAUD IN PAYMENT TRANSACTIONS USING A BLACK LIST Public/Granted day:2016-10-06
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