17851568. SYSTEMS AND METHODS FOR MONITORING POST-TRANSACTION ADJUSTMENTS simplified abstract (Capital One Services, LLC)

From WikiPatents
Jump to navigation Jump to search

SYSTEMS AND METHODS FOR MONITORING POST-TRANSACTION ADJUSTMENTS

Organization Name

Capital One Services, LLC

Inventor(s)

Anne Moshyedi of Potomac MD (US)

Allison Trager of Demarest NJ (US)

SYSTEMS AND METHODS FOR MONITORING POST-TRANSACTION ADJUSTMENTS - A simplified explanation of the abstract

This abstract first appeared for US patent application 17851568 titled 'SYSTEMS AND METHODS FOR MONITORING POST-TRANSACTION ADJUSTMENTS

Simplified Explanation

The disclosed patent application describes a system for monitoring post-transaction adjustments. Here are the key points:

  • The system receives data related to a transaction and determines if it indicates a post-transaction event (PTE).
  • If a PTE is detected, the system prompts the user to confirm the event and enter a post-transaction amount (PTA) associated with it.
  • The system continuously monitors the data to check if it has been updated with a second PTA.
  • If a second PTA is found and it matches the first PTA, the system confirms the transaction and displays a confirmation indication to the user.
  • If the PTAs do not match, the system takes fraud prevention actions.

Potential applications of this technology:

  • Financial institutions can use this system to monitor and verify post-transaction adjustments, ensuring the accuracy of transactions and preventing fraud.
  • E-commerce platforms can implement this system to provide an additional layer of security and prevent unauthorized post-transaction changes.
  • Payment processors can utilize this technology to detect and prevent fraudulent activities related to post-transaction adjustments.

Problems solved by this technology:

  • Ensures the accuracy of post-transaction adjustments by verifying the user's confirmation and matching PTAs.
  • Helps prevent fraud by detecting discrepancies between PTAs and taking appropriate action.
  • Provides a user-friendly interface for confirming post-transaction events and displaying confirmation indications.

Benefits of this technology:

  • Increases transaction security by monitoring and verifying post-transaction adjustments.
  • Reduces the risk of fraudulent activities by promptly detecting and preventing unauthorized changes.
  • Enhances user experience by providing a clear and intuitive interface for confirming and displaying transaction confirmations.


Original Abstract Submitted

Disclosed embodiments may include a system for monitoring post-transaction adjustments. The system may receive data associated with a transaction, and determine whether the transaction is indicative of a post-transaction event (PTE). The system may cause a user device to display, via a GUI, a notification to prompt a user to confirm the PTE occurred and to enter a post-transaction amount (PTA) associated with the PTE. The system may monitor the data to determine whether the data has been updated to include a second PTA, and if so, the system may determine whether the first and second PTAs match. When a match is determined, the system may confirm the transaction, modify the GUI to generate a modified GUI comprising a confirmation indication, and cause the user device to display the confirmation indication. When no match is determined, the system may initiate fraud prevention action(s).

Retrieved from "http://wikipatents.org/index.php?title=17851568._SYSTEMS_AND_METHODS_FOR_MONITORING_POST-TRANSACTION_ADJUSTMENTS_simplified_abstract_(Capital_One_Services,_LLC)&oldid=18854"