Patent ID: 8374634
Filing Date: 2013-02-12
Classification: G06Q,G07F,H04W

Abstract:
1. A method of determining fraudulent activity, the method comprising the steps of: receiving, over a first network and in response to a transaction initiated by a user of an electronic device, information identifying the location of the electronic device, the transaction requiring authentication of an identity of the user; sending a request over a second network accessible to a wireless device associated with the user to obtain information identifying the location of the wireless device; receiving, over the second network, the information identifying the location of the wireless device; caching the information identifying the location of the wireless device for comparison with the information identifying the location of the electronic device; associating a date and time of the cached information identifying the location of the wireless device with the information identifying the location of the wireless device; generating a comparison of the cached information identifying the location of the wireless device with the information identifying the location of the electronic device; evaluating results of the comparison based on proximity of the compared locations; applying an algorithmic value to the results indicating a relative degree of proximity of the location of the wireless device with the location of the electronic device; and sending the algorithmic value to a processing system configured to determine, based on the algorithmic value, the authenticity of the identity of the user.