Patent ID: 11961085
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system, comprising:
one or more processors; and
memory in communication with the one or more processors and storing instructions that, when executed by the one or more processors, are configured to cause the system to:
receive, from a merchant point-of-sale terminal, an electronic transaction request to complete a gas-station transaction using a financial account associated with a customer;
receive, from a customer information database in communication with the one or more processor:
customer vehicle tank size;
customer vehicle fuel economy; and
fuel purchase amount and location history;

receive, from a fraud prevention system in communication with the one or more processors, a regional gas price based on a merchant location;
automatically set a spend limit based on a single transaction limit, wherein the single transaction limit is automatically calculated by the one or more processors based on the customer vehicle tank size, the customer vehicle fuel economy, the fuel purchase amount and location history, and the regional gas price;
determine whether the merchant location falls within a known gas-station transaction geographic region;
when the merchant location falls within the known gas-station transaction geographic region, approve a transaction request up to the spend limit; and
when the merchant location falls outside of the known gas-station transaction geographic region, perform one or more fraud prevention actions to authenticate the customer.