18460979. DETERMINING WHETHER A USER HAS POSSESSION OF A TRANSACTION CARD AND/OR WHETHER THE USER IS AUTHORIZED TO POSSESS THE TRANSACTION CARD simplified abstract (Capital One Services, LLC)

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DETERMINING WHETHER A USER HAS POSSESSION OF A TRANSACTION CARD AND/OR WHETHER THE USER IS AUTHORIZED TO POSSESS THE TRANSACTION CARD

Organization Name

Capital One Services, LLC

Inventor(s)

Francisco Perezleon of Richmond CA (US)

Molly Johnson of Alexandria VA (US)

Colin Hart of Falls Church VA (US)

Kaitlin Newman of Washington DC (US)

Angelina Wu of Vienna VA (US)

Jason Ji of Reston VA (US)

Joshua Edwards of Philadelphia PA (US)

DETERMINING WHETHER A USER HAS POSSESSION OF A TRANSACTION CARD AND/OR WHETHER THE USER IS AUTHORIZED TO POSSESS THE TRANSACTION CARD - A simplified explanation of the abstract

This abstract first appeared for US patent application 18460979 titled 'DETERMINING WHETHER A USER HAS POSSESSION OF A TRANSACTION CARD AND/OR WHETHER THE USER IS AUTHORIZED TO POSSESS THE TRANSACTION CARD

Simplified Explanation

The patent application describes a device that receives a transaction request and determines information about a transaction card. It sends a query to a user device, asking the user to confirm possession of the transaction card. The device then receives a response from the user device and determines whether the user actually has the transaction card. Based on this determination, the device performs certain actions.

  • The device receives a transaction request and determines information about a transaction card.
  • It sends a query to a user device, asking the user to confirm possession of the transaction card.
  • The query includes an instruction for the user to confirm possession via a component of the user device.
  • The device receives a response from the user device regarding possession of the transaction card.
  • It determines whether the user actually has possession of the transaction card based on the response and the information about the card.
  • Based on this determination, the device performs at least one action.

Potential Applications

  • This technology can be used in payment systems to verify the possession of a transaction card before completing a transaction.
  • It can be implemented in access control systems to ensure that only authorized users have access to certain areas or resources.
  • The technology can be applied in identity verification processes to confirm the possession of an identification card or document.

Problems Solved

  • The technology solves the problem of unauthorized use of transaction cards by verifying the user's possession of the card.
  • It addresses the issue of fraudulent transactions by confirming that the user physically possesses the transaction card.
  • The technology helps prevent unauthorized access to restricted areas or resources by verifying the user's possession of an access card.

Benefits

  • By confirming the user's possession of a transaction card, the technology enhances security and reduces the risk of fraud.
  • It provides an additional layer of authentication, making it harder for unauthorized individuals to use someone else's card or gain access to restricted areas.
  • The technology offers a convenient and efficient way to verify possession of a transaction card without the need for physical interaction with the card itself.


Original Abstract Submitted

A device receives a transaction request concerning a transaction and a transaction card from a transaction terminal, and determines, based on the transaction request, information concerning the transaction card. The device sends, based on the transaction request and to a user device, a query concerning possession of the transaction card by a user of the user device, where the query includes an instruction for the user to confirm possession of the transaction card via a component of the user device. The device receives, from the user device and after sending the query to the user device, a response concerning possession of the transaction card by the user, and determines, based on the response and the information concerning the transaction card, whether the user has possession of the transaction card. The device performs, based on determining whether the user has possession of the transaction card, at least one action.

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