Invention Grant
- Patent Title: Method and apparatus to limit fraud in credit card transactions
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Application No.: US16800387Application Date: 2020-02-25
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Publication No.: US11074569B2Publication Date: 2021-07-27
- Inventor: Mohit Matta
- Applicant: JPMorgan Chase Bank, N.A.
- Applicant Address: US NY New York
- Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee: JPMorgan Chase Bank, N.A.
- Current Assignee Address: US NY New York
- Agency: Greenblum & Bernstein, P.L.C.
- Main IPC: G06Q20/32
- IPC: G06Q20/32 ; G06Q20/40 ; G06Q20/20

Abstract:
Various methods, apparatuses, and media for preventing fraud in card or mobile transaction are provided. A fraud prevention application module defines one or more geographical zones where a card or mobile transaction is authorized. Information related to the defined geographical zones are stored onto a memory. A processor is configured to initiate the card or mobile transaction at a point-of-sale (POS) location; determine whether the POS location corresponds to the stored information related to one or more of the defined geographical zones; and authorize the card or mobile transaction based on a determination that the POS location corresponds to the stored information related to the defined one or more geographical zones.
Public/Granted literature
- US20200279244A1 METHOD AND APPARATUS TO LIMIT FRAUD IN CREDIT CARD TRANSACTIONS Public/Granted day:2020-09-03
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