Systems and methods for providing risk based decisioning service to a merchant

US10614452B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Christian P. Tomasofsky · San Francisco, US
• Steve E. Hubbard · Pasco, US
• Luis Felipe de Almeida Ferreira da Silva · Brussels, BE
• Johan Gerber · Wildwood, US
• Clara Salazar · Ballwin, US
• Michelle L. Hafner · Chesterfield, US

Key dates

• Filing date: May 22, 2015
• Grant date: Apr 7, 2020
• Expiry date: Aug 6, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06F2221/2103
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computing device for providing risk-based decisioning to a merchant during payment card transactions is provided herein. The computing device is programmed to receive, from the merchant, transaction data associated with a payment card transaction. The computing device is further programmed to compute a risk score for the payment card transaction based at least in part on the transaction data and infrastructure data associated with the payment card transaction. The computing device is also programmed transmit an indication of acceptable risk to the merchant if the risk score satisfies a first pre-defined threshold. The computing device is still further programmed to initiate an authentication challenge of the suspect consumer if the risk score satisfies a second pre-defined threshold.