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US 20030169881A1 (19) United States (12) Patent Application Publication (10) Pub. No.: US 2003/0169881 A1 Niedermeyer (43) Pub. Date: Sep. 11, 2003 (54) LOCATION BASED FRAUD REDUCTION Publication
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Location based fraud reduction is a method to detect and prevent fraudulent activities by analyzing the location of users or transactions.
Businesses and organizations that are concerned about fraud risk and want to enhance their security measures are required to file location based fraud reduction.
To fill out location based fraud reduction, businesses need to collect location data, analyze it for potential fraud patterns, and implement measures to reduce fraud based on this analysis.
The purpose of location based fraud reduction is to minimize the risk of fraudulent activities by identifying and addressing suspicious behaviors based on location data.
Businesses must report details of suspicious activities, location data related to such activities, and actions taken to mitigate fraud risk on location based fraud reduction.
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