METHODS AND SYSTEMS FOR MITIGATING FRAUD LOSSES DURING A PAYMENT CARD TRANSACTION

摘要

Computer systems and methods for identifying a potentially fraudulent payment card transaction in progress, and mitigating losses arising from completion of a fraudulent payment card transaction are provided. The computer system is programmed to receive an authorization request message for authorization of a payment card-initiated transaction, when the transaction is initiated using a payment card that includes a first security device operable for transactions initiated within a predefined geographic region and a second security device operable for transactions initiated both within the predefined geographic region and outside of the predefined geographic region. When the transaction is initiated outside the predefined geographic region, the computer system compares data on the payment card to stored data corresponding to a plurality of payment cards previously-approved for transactions outside of the predefined geographic region approval, and applies one or more sets of rules to the transaction as appropriate.

主权项

1. A computer-implemented method for mitigating fraud losses during a payment card-initiated transaction, the method implemented using a computer device coupled to a memory device, the method comprising:
receiving an authorization request message requesting authorization of a transaction, the transaction initiated using a payment card that includes a first security device operable for transactions initiated within a predefined geographic region and a second security device operable for transactions initiated both within the predefined geographic region and outside of the predefined geographic region, wherein the transaction is initiated outside the predefined geographic region, the authorization request message including first payment card data acquired from the second security device included on the payment card; comparing the first payment card data to second payment card data stored in the memory device, the second payment card data corresponding to a plurality of payment cards previously-approved for transactions occurring outside of the predefined geopolitical region; determining whether the first payment card data corresponds to one of the plurality of previously-approved payment cards; applying a first set of transaction limit rules to the transaction if the first payment card data is determined to not correspond to one of the plurality of previously-approved payment cards; and applying a second set of transaction limit rules to the transaction if the first payment card is determined to correspond to one of the plurality of previously-approved payment cards.