TRANSACTION VERIFICATION SYSTEM BASED ON USER LOCATION

摘要

Embodiments of the invention provide misappropriation protection with user location verification. The methods, apparatus and computer program products provide for approving a transaction based at least partially on a determining that a mobile device associated with an account holder associated with a transaction is located within a predetermined distance from the location associated with the transaction. In some example implementations where the mobile device is located outside the predetermined distance from the location associated with the transaction, information associated with previously approved transactions is received and the transaction approved based at least partially on a determination that previously approved transaction have occurred at the same location.

主权项

1. A system for protecting against an unauthorized transaction, the system comprising:
a computing device comprising a memory and at least one processor; and a misappropriation protection application stored in memory, executable by the processor, and wherein the misappropriation protection application is configured to:
receive a set of information associated with a transaction, wherein the set of information associated with the transaction comprises an identification of a geographic location associated with the transaction and a predetermined distance associated with the transaction, wherein the predetermined distance is determined at least partially by a value of the transaction;receive a set of geographic location information associated with a mobile device, wherein the mobile device is associated with an account holder associated with the transaction and wherein the set of geographic location information comprises a vector associated with a plurality of positions of the mobile device; anddetermine whether to approve or disapprove the transaction based at least partially on whether or not the mobile device is geographically located within a the predetermined distance from the geographic location associated with the transaction.