Generating peer-to-peer transaction risk ratings

US8788420B1 · kind B1 · utility

Assignee

• Google LLC · US

Inventors

• Travis Harrison Kroll Green · New York, US
• Narelle Cozens · New York, US
• Avery Pennarun · Montréal, CA
• Peter Schmitt · Jersey City, US
• Michael DePasquale · Rutherford, US
• Boris Mizhen · Brooklyn, US

Key dates

• Filing date: Oct 15, 2012
• Grant date: Jul 22, 2014
• Expiry date: Oct 15, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/384
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The invention provides a computer-implemented method for generating a risk rating for a peer-to-peer transaction. The method comprises receiving a request to generate a risk rating for a proposed peer-to-peer financial transaction; identifying information associated with a plurality of previous peer-to-peer transactions of the payor; identifying one or more of the previous peer-to-peer transactions that are related to the proposed transaction; assigning a score to each of the related peer-to-peer transactions, the score being based at least in part on a determination of a level of success of each of the related peer-to-peer transactions; determining the risk rating for the proposed transaction based on the scores assigned to the transactions related to the proposed transaction; determining a payor risk rating for the payor; adjusting the risk rating for the proposed transaction based on the payor risk rating of the payor; and presenting the risk rating for the proposed transaction.