Anti-fraud presentation instruments, systems and methods
View Patent ↗The invention provides improved security for stored-value instruments. For example, a point-of-sale device may receive a request to process a transaction (such as an activation, redemption, funds recharge, etc.) with a presentation instrument. The point-of-sale device may receive a first identifier associated with the instrument. Merely by way of example, the first identifier may be encoded on a magnetic stripe disposed on the instrument, and receiving the first identifier may comprise swiping the magnetic stripe through a reader in communication with the point-of-sale device. The point-of-sale device may also receive a second identifier associated with the instrument. In some embodiments, the first and second identifiers may be correlated, e.g., to determine whether they are consistent. Merely by way of example, the second identifier may be derived from the first identifier in a specified manner, and the correlation of the first and second identifiers may comprise determining that the second identifier comprises the properly derived information. If the first and second identifiers are successfully correlated, the transaction may be performed.
1. A method for processing at a point-of-sale device a transaction involving a stored-value instrument, the point-of-sale device comprising a processor and machine-readable medium, the method comprising:
receiving at a point-of-sale device a first identifier identifying a stored-value instrument, wherein the first identifier is physically stored on the stored-value instrument;
receiving at the point-of-sale device a second identifier associated with the stored-value instrument, wherein the second identifier is physically stored on the stored value instrument, and wherein the second identifier comprises at least a portion of the first identifier;
transmitting from the point-of-sale device a request to process a transaction involving the stored-value instrument, wherein both the first and the second identifiers are transmitted from the point-of-sale device, and wherein the first and second identifiers are transmitted to an instrument-authority system to process the transaction; and
correlating the first identifier with the second identifier by analyzing the second identifier to determine if it comprises at least a portion of the first identifier;
the point-of-sale device receiving a confirmation from the instrument authority system that the transaction has been processed, the transaction having been processed in response to the correlation between the first identifier with the second identifier.
2. A method as recited in claim 1 , wherein the second identifier is derived from at least a portion of the first identifier using a particular procedure.
3. A method as recited in claim 2 , wherein correlating the first identifier with the second identifier comprises:
deriving a model identifier from the first identifier using the particular procedure; and
comparing the model identifier with the second identifier.
4. A method as recited in claim 2 , wherein the second identifier is encrypted.
5. A method as recited in claim 1 , wherein correlating the first identifier with the second identifier comprises:
searching a database for a record associated with the first identifier;
obtaining from the record a model identifier; and
comparing the model identifier with the second identifier.
6. A method as recited in claim 1 , wherein correlating the first identifier with the second identifier comprises:
transmitting the first identifier and the second identifier at a host system; and
the host system correlating the first identifier with the second identifier.
7. A method as recited in claim 1 , wherein correlating the first identifier with the second identifier comprises:
receiving the first identifier and the second identifier at an instrument authority system; and
the instrument-authority system correlating the first identifier with the second identifier.
8. A method as recited in claim 1 , wherein correlating the first identifier with the second identifier comprises the point-of-sale device correlating the first identifier with the second identifier.
9. A method as recited in claim 1 , wherein the stored-value instrument comprises a stored-value card, and wherein the first identifier is a card number associated with the stored-value instrument.
10. A method as recited in claim 1 , wherein the stored-value instrument comprises a magnetic stripe, wherein the identifier is encoded on the magnetic stripe, and wherein receiving the identifier comprises a clerk swiping the magnetic stripe through a magnetic stripe reader.
11. A method as recited in claim 10 , wherein the second identifier is represented by a bar code on the stored-value instrument, and wherein receiving the second identifier comprises scanning the bar code.
12. A method as recited in claim 1 , wherein receiving the second identifier comprises receiving input from the clerk, the input comprising the second identifier.
13. A method as recited in claim 12 , wherein the second identifier is printed on the stored-value instrument.
14. A method as recited in claim 1 , wherein the first identifier and the second identifier are the same identifier.
15. A method as recited in claim 1 , wherein the stored-value instrument comprises a first storage device selected from the group consisting of a magnetic stripe, a radiofrequency identification (“RFID”) tag, a memory chip and a printed number, and wherein the first identifier is stored on the first storage device.
16. A method as recited in claim 15 , wherein the stored-value instrument comprises a second storage device selected from the group consisting of a magnetic stripe, a radio-frequency identification (“RFID”) tag, a memory chip and a printed number, and wherein the first identifier is stored on the first storage device.
17. A method as recited iii claim 16 , wherein the first storage device and the second storage device are not the same storage device.
18. A method as recited in claim 1 , wherein receiving the second identifier indicates that a payment associated with the stored-value instrument has been tendered.
19. A method as recited in claim 1 , further comprising:
receiving at the point-of-sale device a confirmation that the first and second identifiers have been correlated.
20. A system for processing a transaction involving a stored-value instrument, the system comprising:
a point-of-sale device configured to:
receive a first identifier identifying a stored-value instrument, wherein the first identifier is stored on the stored-value instrument;
receive a second identifier associated with the stored-value instrument, wherein the second identifier is stored on the stored-value instrument and comprises at least a portion of the first identifier;
transmit a request to process a transaction involving the stored-value instrument; and
an instrument-authority system in communication with the point-of-sale device, the instrument-authority system comprising:
a communications system in communication with the point-of-sale device;
a processor in communication with the communications system; and
a memory coupled with the processor, the memory comprising a computer-readable storage medium having a computer-readable program embodied therein for directing operation of the instrument-authority system, the computer-readable program including:
instructions for receiving the first identifier from the point-of-sale device;
instructions for receiving the second identifier from the point-of-sale device;
instructions for correlating the first identifier with the second identifier by analyzing the second identifier to determine if it comprises a portion of the first identifier; and instructions for processing the transaction.
21. A point-of-sale device for processing a transaction involving a stored-value instrument, the point-of-sale device comprising:
a communications system;
a processor in communication with the communications system; and
a memory coupled with the processor, the memory comprising a computer readable storage medium having a computer-readable program embodied therein for directing operation of the instrument-authority system, the computer-readable program including:
receive a first identifier identifying a stored-value instrument, wherein the first identifier is stored on the stored-value instrument;
receive a second identifier associated with the stored-value instrument, wherein the second identifier is stored on the stored-value instrument and comprise at least a portion of the first identifier;
correlate the first identifier with the second identifier by analyzing the second identifier to determine if it comprises a portion of the first identifier;
transmit a request to process a transaction involving the stored-value instrument; and
transmit a confirmation that the first identifier correlates with the second identifier; and
receive a confirmation that the transaction has been processed.
22. A system as recited in claim 21 , wherein the request to process the transaction serves as the confirmation that the first identifier correlates with the second identifier.
23. A system for processing a transaction involving a stored-value instrument, the system comprising:
a communications system;
a processor in communication with the communications system; and
a memory coupled with the processor, the memory comprising a computer-readable storage medium having a computer-readable program embodied therein for directing operation of the system, the computer-readable program including:
instructions for receiving a request from a point-of-sale device to process a transaction involving a stored-value instrument, wherein the stored-value-instrument comprises an instrument body having a first storage device for storing a first identifier and a second storage device for storing a second identifier;
instructions for receiving the first identifier identifying the stored-value instrument, wherein the first identifier is stored on the first storage device;
instructions for receiving a second identifier, wherein the second identifier is associated with the stored-value instrument, and wherein the second identifier is stored on the second storage device and comprises at least a portion of the first identifier;
instructions for correlating the first identifier with the second identifier; analyzing the second identifier to determine if it comprises a portion of the first identifier;
bused on the correlation of the first identifier with the second identifier, instructions for processing the transaction; and
instructions for providing a confirmation that the transaction has been processed.
24. A system as recited in claim 23 , wherein the first storage device is selected from the group consisting of a magnetic stripe, a radio-frequency identification (“RFID”) tag, a memory chip and a printed number.
25. A system as recited in claim 23 , wherein the second storage device is selected from the group consisting of a magnetic stripe, a radio-frequency identification (“RFID”) tag, a memory chip and a printed number.
26. A software program embodied on at least one computer readable medium, the software program comprising instructions executable by one or more computers to:
receive a request from a point-of-sale device to process a transaction involving a stored-value instrument;
receive a first identifier identifying the stored-value instrument, wherein the first identifier is stored on the stored-value instrument;
receive a second identifier associated with the stored-value instrument, wherein the second identifier is stored on the stored-value instrument and comprises at least a portion of the first identifier;
correlate the first identifier with the second identifier by analyzing the second identifier to determine if it comprises a portion of the first identifier;
based on the correlation of the first identifier with the second identifier, process the transaction; and
provide a confirmation that the transaction has been processed.