Transaction data repository for risk analysis

US8600855B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Michelle Eng Winters · Belmont, US
• Kevin Siegel · Milpitas, US
• Charles Raymond Byce · Mill Valley, US

Key dates

• Filing date: Jul 27, 2010
• Grant date: Dec 3, 2013
• Expiry date: Mar 4, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are presented for determining risk levels for consumer-to-consumer (C2C) transactions on brokering websites. The risk levels can be based on payment processing network (e.g. Visa) account data as well as external data, such as geo-location using IP addresses, fraud bureau data, and star ratings. The buying and selling consumers can have multiple risk scores for each transaction, such as a fraud, credit, return/chargeback, dissatisfaction, product misuse, nonreturnable, and defect risk scores. The buying and selling consumers can trade their risk levels before proceeding with the transaction.