Account Authentication Using Synthetic Merchants

Organization Name

Capital One Services, LLC

Inventor(s)

Joshua Edwards of Philadelphia PA (US)

Jenny Melendez of Falls Church VA (US)

Tyler Maiman of Melville NY (US)

David Septimus of New York NY (US)

Viraj Chaudhary of Katy TX (US)

Samuel Rapowitz of Roswell GA (US)

Daniel Miller of Brooklyn NY (US)

Account Authentication Using Synthetic Merchants - A simplified explanation of the abstract

This abstract first appeared for US patent application 18653256 titled 'Account Authentication Using Synthetic Merchants

The patent application describes methods, systems, and apparatuses for enhancing computer authentication processes by creating synthetic merchants.

Real merchant names are received and processed to determine name elements.
Synthetic merchant names are generated based on the name elements.
Synthetic transaction data is generated using the synthetic merchant names.
A synthetic authentication question is presented to the user.
Access to the account is provided based on the user's response to the authentication question.

Potential Applications: - Enhancing security in online transactions - Improving user authentication processes - Preventing unauthorized access to accounts

Problems Solved: - Enhancing security measures for account access - Providing a more robust authentication process - Mitigating the risk of fraudulent activities

Benefits: - Increased security for user accounts - Improved user experience in authentication processes - Enhanced protection against unauthorized access

Commercial Applications: Title: Enhanced Security Authentication System for Online Transactions This technology can be utilized by financial institutions, e-commerce platforms, and other online service providers to enhance the security of user accounts and transactions. It can help prevent fraud and unauthorized access, ultimately improving customer trust and satisfaction.

Questions about the technology: 1. How does the generation of synthetic merchants improve the authentication process? 2. What are the potential implications of using synthetic transaction data for authentication purposes?

Frequently Updated Research: Stay updated on the latest advancements in authentication technologies and security measures to ensure the continued effectiveness of this system. Regularly review industry reports and studies on cybersecurity to stay informed about potential threats and vulnerabilities.

Original Abstract Submitted

Methods, systems, and apparatuses are described herein for improving computer authentication processes through the generation of synthetic merchants. A plurality of different real merchant names may be received. The plurality of different real merchant names may be processed to determine one or more name elements. A request for access to an account associated with a user may be received. Based on the one or more name elements, one or more synthetic merchant names may be generated. Based on the one or more synthetic merchant names, synthetic transaction data may then be generated. A synthetic authentication question may be generated and presented to a user. A candidate response to the synthetic authentication question may be received. Based on the candidate response, access to the account may be provided.