Patent ID: 8583498

Claim:
A financial transaction fraud prevention system comprising: a point of sale gateway connectible to a transaction source and receptive to transaction data including a transaction amount, a customer identifier and a financial account linked to a specific customer by the customer identifier; a customer record system for storing a plurality of customer profiles each indexed according to a specific customer identifier and defined by one or more transaction approval conditions; a fraud decisioning engine linked to the point of sale gateway, the fraud decisioning engine generating a first evaluation status based upon an comparison of the received transaction data and the one or more transaction approval conditions; a media gateway connectible to a first communication device associated with the customer in response to a transaction promotion recommendation from the fraud decisioning engine, biometric data captured following a response to a prompt generated by the media gateway being transferable from the communication device to the media gateway; and a biometric authentication engine linked to the fraud decisioning engine, in response to the first evaluation status, generating a second evaluation status based upon a comparison of the received biometric data to pre-stored biometric data; wherein completion of the transaction is suspended upon a failure of any one of the transaction approval conditions, the first evaluation status, and the second evaluation status.