Method and system for providing risk information in connection with transaction processing

US7809650B2 · kind B2 · utility

Assignee

• Visa U.S.A. Inc. · US

Inventors

• Belva J. Bruesewitz · Danville, US
• Nancy Hilgers · Danville, US
• Patrick Faith · Pleasanton, US
• Kevin Siegel · Milpitas, US
• Xiaoli Li · Vernon Hills, US

Key dates

• Filing date: Jun 7, 2004
• Grant date: Oct 5, 2010
• Expiry date: Aug 26, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for providing real-time risk mitigation for an authorization system. The system receives authorization requests from multiple merchants (or their respective acquirers) and processes such requests. Each processed request is then forwarded to its corresponding issuer for further authorization. Each processed request includes an authorization message. The authorization message can include a risk score, a number of reason codes, and a number of condition codes. The use of the risk score, reason codes and condition codes allows issuers to make better informed decisions with respect to providing authorizations.