Method and system for providing risk information in connection with transaction processing
US9785944B2 · kind B2 · utility
6Cited by
14References
25Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Aug 25, 2010 |
| Grant date | Oct 10, 2017 |
| Priority date | — |
| Expiry date | Aug 24, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical 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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.