PATENT CLAIM ANALYSIS

Application Number: 16023082
Application Type: Utility
Filing Date: 2018-06
Publication Date: 2020-01
Patent Classification: ["705", "044000"]

Abstract:
A system and method for mitigating transaction fraud by confirming a credit card is in proximity to a mobile device associated with the credit card includes a consumer attempting to make a purchase using a credit card. A credit card processing company then seeks to confirm the authenticity of the purchase by sending a request for authenticity to a mobile application running on a phone associated with the owner of the credit card. A software application running on the mobile device is programmed to transmit a RFID signal, which returned by the credit card so long as the credit card is within a predetermined distance thereof. In this manner, the application can confirm that the owner of the credit card was the person who made the purchase transaction. The application then communicates with the credit card processing company to either allow or deny the purchase transaction.

Claim (Index 8):
The system for mitigating transaction fraud as in  claim 1 , wherein said software application is operable to receive said verification request from a credit card processing system so as to determine if a credit card transaction should be allowed or denied.

Metadata:
- Claim Count in Document: 40.0
- Percentile: 94.0
- Lexical Diversity: 2.09589
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['12001843', '13479235', '11852488', '14735042', '12343036']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1176690814998418
- 35 USC 102 Novelty (BERT): 0.4850278010309941
- Combined Prediction Score: 0.1544049534529571
- Mean Citation Score: 183.204426
- Max Citation Score: 185.22859
- Similarity Product: 127.8579939834404

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test