18736956. TRANSACTION FRAUD PREVENTION TOOL simplified abstract (Wells Fargo Bank, N.A.)
Contents
TRANSACTION FRAUD PREVENTION TOOL
Organization Name
Inventor(s)
John Talbert Jackson of Mooresville NC (US)
Gene C, Baker, Jr. of Eldersburg MD (US)
Jon T. Graff of Charlotte NC (US)
Chad Otto Breunig of Huntersville NC (US)
Kevin W. Bell of Roseville MN (US)
Darrell Lee Suen of San Ramon CA (US)
TRANSACTION FRAUD PREVENTION TOOL - A simplified explanation of the abstract
This abstract first appeared for US patent application 18736956 titled 'TRANSACTION FRAUD PREVENTION TOOL
The abstract describes systems and methods for detecting potentially fraudulent voice calls to a financial services institution. A computing system receives information about a voice call, generates a network address indicator, and determines if the call is potentially fraudulent based on the network location and financial services account information.
- The computing system receives an indication of a voice call placed by a caller to an operator.
- A network address indicator describing a network location is generated and provided to the voice caller.
- The system receives an indication of a financial services account indicated by the voice caller.
- An indication of an access to the network location by a remote device is received.
- The system determines a first location associated with the remote device and compares it to a second location associated with the financial services account.
- An alert is generated if the locations do not match, indicating a potentially fraudulent voice call.
Potential Applications: - Fraud detection in financial services institutions - Enhancing security measures for voice calls in banking and other financial transactions
Problems Solved: - Detecting and preventing fraudulent voice calls to financial services institutions - Improving overall security and trust in financial transactions
Benefits: - Increased protection against fraudulent activities - Enhanced security for customers' financial information - Improved trust and confidence in financial services institutions
Commercial Applications: Title: Fraud Detection System for Financial Services Institutions This technology can be used by banks, credit card companies, and other financial institutions to enhance their fraud detection capabilities and protect their customers' accounts.
Questions about the technology: 1. How does this technology improve security for financial services institutions? 2. What are the potential implications of using this system for fraud detection in the banking industry?
Original Abstract Submitted
Various examples are directed to systems and methods for detecting potentially fraudulent voice calls to a financial services institution. A computing system may receive an indication of a voice call placed by a voice caller to an operator. The computing system may generate a network address indicator describing a network location. The network address indicator may be provided to the voice caller. The computing system may receive an indication of a financial services account indicated by the voice caller. The computing system may also receive an indication of an access to the network location by a remote device. The computing system may determine, using the indication of the access to the network location, a first location associated with the remote device and determine that the first location does not match a second location associated with the financial services account. The computing system may generate an alert indicating that the voice call is potentially fraudulent.
