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1. (WO2015116255) PAYMENT CARD FRAUD PREVENTION SYSTEM AND METHOD

Pub. No.:    WO/2015/116255    International Application No.:    PCT/US2014/052030
Publication Date: Fri Aug 07 01:59:59 CEST 2015 International Filing Date: Fri Aug 22 01:59:59 CEST 2014
IPC: G06Q 40/00
Applicants: WILLIAMS, Harry Lynn
Inventors: WILLIAMS, Harry Lynn
Title: PAYMENT CARD FRAUD PREVENTION SYSTEM AND METHOD
Abstract:
The invention described in this specification relates generally to fraud prevention, and more particularly, to prevention of payment card-based fraud. (Figures 1, 2 and 3) Previously to verify the authenticity of the cardholder before completing the transaction additional information was obtained from the cardholder at the time of the transaction. Embodiments of the present invention include a process to prevent card payment fraud by using a specified duration of time to limit fraudulent card payment activity. In other embodiments, the process uses a timed authorization period which starts prior to a transaction and during which the transaction is to be completed with a payment card.