Payment processing with selection of a risk reduction technique
US7809617B1 · kind B1 · utility
7Cited by
36References
33Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Aug 1, 2003 |
| Grant date | Oct 5, 2010 |
| Priority date | — |
| Expiry date | Sep 1, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A technique for making a payment to a payee on behalf of a payor by a payment service provider is provided. The service provider identifies one or more risk reduction techniques available for use in fulfilling a received payment request. The risk reduction techniques are identified based upon the received payment request. An identified technique is selected and payment is made according to that selected risk reduction technique.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.