Abstract
The disclosed systems and methods provide an adaptive hold-and-release engine that protects users from online payment fraud by adding a temporary hold on funds at the receiving bank when a payer and payee transact for the first time. The payment server of the disclosed system includes an authentication engine, a hold-and-release engine, and a transaction processing engine. Authentication engine checks the transaction histories of payer and payee to detect first-time P2P interaction. For every first-time P2P interaction, the UPI server sends a hold instruction to the payee’s bank server. The payee bank server blocks any cash withdrawal or outward transfer of funds for a predefined cool-off period. If the transaction is determined as fraudulent, the system sends a Fraud Lock Instruction to the payee bank which extends the hold and moves the money into a protected investigation state. The funds are released only after the fraud investigation is completed.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Roy, Alok, "Adaptive Hold-and-Release Engine for Preventing Instant Withdrawal in Fraudulent UPI Transfers", Technical Disclosure Commons, ()
https://www.tdcommons.org/dpubs_series/9433