Self authentication

Abstract

A system, method and a device for offline authentication of transactions using mobile device, based on, analytic engine such as behavioral pattern detection are provided. The behavioral pattern can be for a specific person, for group of people with similar characteristics, or a combination of the two. The invention has the advantage over the prior art centralized authentication and fraud detection systems in that it is more precise in identifying and preventing fraud in real time. The precision is better for both customer and merchant frauds. The present invention also requires fewer investments in infrastructure and uses less communication traffic when compared to the prior art.

1 - 28 . (canceled) 
     
     
         29 . A non-transitory computer readable medium including instructions that, when executed by at least one processor, cause the at least one processor to perform operations comprising:
 receiving, on a mobile payment device, transaction data associated with a requested financial transaction;   accessing behavioral information stored locally on the mobile payment device;   comparing information in the transaction data with the behavioral information on the mobile payment device without resort to a mobile network, such that the comparing is capable of occurring when the mobile payment device is outside of a network coverage area; and   determining, based on the comparing on the mobile payment device whether to authorize the requested financial transaction.   
     
     
         30 . The non-transitory computer readable medium of  claim 29 , wherein determining whether to authorize occurs on the mobile payment device, without contacting a remote server. 
     
     
         31 . The non-transitory computer readable medium of  claim 29 , wherein the behavioral information comprises a behavioral pattern. 
     
     
         32 . The non-transitory computer readable medium of  claim 29 , wherein the operations further comprise receiving, from a remote server, and storing, on the mobile payment device before the requested financial transaction, the behavioral information. 
     
     
         33 . The non-transitory computer readable medium of  claim 29 , wherein the behavioral information stored locally on the mobile payment device includes behavioral information of a user of the mobile payment device as well as behavioral information of other users. 
     
     
         34 . The non-transitory computer readable medium of  claim 33 , wherein the other users are determined to have behavioral information similar to that of the user. 
     
     
         35 . The non-transitory computer readable medium of  claim 33 , wherein the other users are determined to have behavioral information associated with fraudulent behavior. 
     
     
         36 . The non-transitory computer readable medium of  claim 29 , wherein the operations further comprise communicating an approval signal from the mobile payment device to a point of sale terminal after a determination is made to authorize the requested financial transaction. 
     
     
         37 . The non-transitory computer readable medium of  claim 29 , wherein the comparing on the mobile payment device produces a likelihood that the requested financial transaction is fraudulent. 
     
     
         38 . The non-transitory computer readable medium of  claim 37 , wherein the instructions further comprise prompting the user to provide identification information if the likelihood exceeds a threshold. 
     
     
         39 . A computer-implemented method for processing requested financial transactions comprising:
 receiving, on a mobile payment device, transaction data associated with a requested financial transaction;   accessing behavioral information stored locally on the mobile payment device;   comparing information in the transaction data with the behavioral information on the mobile payment device without resort to a mobile network, such that the comparing is capable of occurring when the mobile payment device is outside of a network coverage area; and   determining, based on the comparing on the mobile payment device, whether authorize the requested financial transaction.   
     
     
         40 . The computer-implemented method of  claim 39 , wherein determining whether to authorize occurs on the mobile payment device, without contacting a remote server. 
     
     
         41 . The computer-implemented method of  claim 39 , wherein the behavioral information comprises a behavioral pattern. 
     
     
         42 . The computer-implemented method of  claim 39 , further comprising receiving, from a remote server, and storing, on the mobile payment device before the requested financial transaction, the behavioral information. 
     
     
         43 . The computer-implemented method of  claim 39 , wherein the behavioral information stored locally on the mobile payment device includes behavioral information of a user of the mobile payment device as well as behavioral information of other users. 
     
     
         44 . The computer-implemented method of  claim 43 , wherein the other users are determined to have behavioral information similar to that of the user. 
     
     
         45 . The computer-implemented method of  claim 43 , wherein the other users are determined to have behavioral information associated with fraudulent behavior. 
     
     
         46 . The computer-implemented method of  claim 39 , further comprising communicating an approval signal from the mobile payment device to a point of sale terminal after a determination is made to authorize the requested financial transaction. 
     
     
         47 . The computer-implemented method of  claim 39 , wherein the comparing on the mobile payment device produces a likelihood that the requested financial transaction is fraudulent. 
     
     
         48 . The computer-implemented method of  claim 47 , further comprising prompting the user to provide identification information if the likelihood exceeds a threshold.