17944495. SYSTEM AND METHOD FOR EMPLOYMENT VERIFICATION simplified abstract (Capital One Services, LLC)
Contents
- 1 SYSTEM AND METHOD FOR EMPLOYMENT VERIFICATION
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 SYSTEM AND METHOD FOR EMPLOYMENT VERIFICATION - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Original Abstract Submitted
SYSTEM AND METHOD FOR EMPLOYMENT VERIFICATION
Organization Name
Inventor(s)
Louis Buell of Chevy Chase MD (US)
Joshua Edwards of Philadelphia PA (US)
Michael Mossoba of Great Falls VA (US)
SYSTEM AND METHOD FOR EMPLOYMENT VERIFICATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 17944495 titled 'SYSTEM AND METHOD FOR EMPLOYMENT VERIFICATION
Simplified Explanation
The patent application describes techniques for verifying employment of a user by analyzing work schedule information, location data, and generating a confidence score to determine the user's reliability for requesting financial products or services.
- Work schedule information is used to identify the expected work location and times of the user.
- Location data associated with the user is obtained and compared to the expected work location and times.
- A confidence score is generated based on the comparison to assess the user's reliability.
- The requested financial product or service is provided to the user if the confidence score meets or exceeds a predetermined threshold.
Potential Applications
This technology could be applied in the financial industry for verifying the employment status of individuals with no credit history, allowing them to access financial products or services.
Problems Solved
1. Verifying employment of users with no credit history. 2. Assessing the reliability of users based on work schedule information and location data.
Benefits
1. Enables access to financial products or services for individuals without credit history. 2. Improves the accuracy of determining a user's reliability for financial transactions.
Potential Commercial Applications
Enhancing the security and efficiency of financial services for individuals without credit history.
Possible Prior Art
There may be existing technologies or methods used in the financial industry to verify employment or assess the reliability of users, but specific prior art is not provided in the patent application.
Unanswered Questions
The patent application does not address the potential privacy implications of obtaining and comparing location data of users for verifying employment.
What measures are in place to prevent fraud or misuse of the confidence score in determining user reliability?
The patent application does not detail any specific safeguards or protocols to prevent fraudulent activities or misuse of the confidence score in assessing user reliability.
Original Abstract Submitted
Techniques for verifying employment of a user are provided. A financial product or service may be requested by a user. Work schedule information for the user may be determined that may identify an expected work location of the user and expected work times for the user. Location data associated with the user may be obtained and compared to the expected work location and times for the user. A confidence score of the user may be generated based on the comparison. The requested financial product or service may be provided to the user if the confidence score meets or exceeds a predetermined threshold. In this manner, employment and/or reliability may be determined for a user having no credit history.
