System and methods for enhanced approval of a payment transaction

US12333546B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Christopher John Merz · Wildwood, US
• Johan Gerber · Wildwood, US
• Douglas Van Horn · Kirkwood, US
• Mark B. Wiesman · Chesterfield, US

Key dates

• Filing date: Aug 22, 2022
• Grant date: Jun 17, 2025
• Expiry date: Aug 22, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computer-implemented method for determining a level of confidence that a payment transaction is not fraudulent is provided. The method is implemented using an assurance exchange (AE) computer device in communication with a memory. The method includes receiving authentication data associated with a candidate payment transaction being conducted by a cardholder via a website associated with a merchant from the merchant, storing the authentication data, receiving an authorization request message for the candidate payment transaction from a payment processor, retrieving the authentication data for the candidate payment transaction based on the authorization request message, and calculating an assurance level score based on the authentication data and the authorization request message. The assurance level score represents a level of confidence that the candidate payment transaction is not fraudulent. The method also includes transmitting the authorization request message including the assurance level score to an issuer processor.