Systems and methods for risk based decisioning

Patent metadata

Field	Value
Publication number	US-2016260100-A1
Application number	US-201514640701-A
Country	US
Kind code	A1
Filing date	Mar 6, 2015
Priority date	Mar 6, 2015
Publication date	Sep 8, 2016
Grant date	—

Abstract

A method and system for creating an assurance level based on authentication data attributes using a computer device coupled to a database are provided. The method includes receiving an authorization request associated with the financial transaction from the sender, the authorization request including a fraud risk assessment of the financial transaction determined by the sender using an authentication response received from the computer device by the sender, the authorization request including one or more reason codes associated with the sender fraud risk assessment. The method further includes transmitting the received authorization request to an issuer associated with the cardholder.

First claim

1 . A computer-implemented method for creating an assurance level based on authentication data attributes, the method implemented using a computer device coupled to a memory device, the method comprising:
receiving an authorization request associated with the financial transaction from the sender, the authorization request including a fraud risk assessment of the financial transaction determined by the sender using an authentication response received from the computer device by the sender, the authorization request including one or more reason codes associated with the sender fraud risk assessment; and transmitting the received authorization request to an issuer associated with the cardholder.

2 . The computer-based method of claim 1 , further comprising:
receiving, by the computer device, an authentication request from a sender, the authentication request associated with the financial transaction and including interaction data relating to a cardholder interaction with the sender; and transmitting an authentication response to the sender, the authentication response including results of an authentication routine performed by the computer device using the received interaction data and historical transaction data of the cardholder.

3 . The computer-based method of claim 2 , further comprising generating an authentication response based on a correlating at least some of the interaction data with previously authenticated cardholder data.

4 . The computer-based method of claim 3 , further comprising: generating an authentication response based on a correlating a device identifier of a device used by the cardholder to interact with the website to a primary account number (PAN) associated with an account of the cardholder.

5 . The computer-based method of claim 1 , wherein the information relating to a cardholder interaction with the sender comprises information relating to the cardholder navigating a webpage of the sender.

6 . The computer-based method of claim 1 , wherein the historical transaction data of the cardholder includes an indication of a longevity of the account of the cardholder.

7 . The computer-based method of claim 1 , wherein receiving an authorization request including a fraud risk assessment comprises receiving an authorization request including a fraud risk assessment determined using an age of a profile since a last update of the cardholder with the sender.

8 . The computer-based method of claim 1 , further comprising receiving at least one of an authorization approval and an authorization denial from the issuer, the at least one of the authorization approval and the authorization denial based at least in part on the fraud risk assessment by the sender; and
transmitting the received at least one of the authorization approval and the authorization denial to the sender.

9 . The computer-based method of claim 1 , wherein the one or more reason codes include an indication of at least one of a longevity of the account of the cardholder, a time period since the profile of the cardholder has been updated, and a similarity of non-financial transaction interactions with the sender.

10 . The computer-based method of claim 1 , further comprising receiving a message from the sender relating to the financial transaction prior to receiving the authorization request associated with the financial transaction, the message including a predefined sender confidence level data field that includes a fraud assessment of the financial transaction by the sender.

11 . A risk-based decisioning system for creating an assurance level based on authentication data attributes, said system comprising a merchant computer device coupled to a payment network, said computer device configured to:
transmit an authentication request from the merchant computer device to the payment network when a cardholder interacting with a merchant website is attempting to perform activities inconsistent with at least one of a transaction history of the cardholder and a profile of the cardholder, the authentication request being separate from an authorization request; receive, from the payment network, a response that indicates a trustworthiness of the cardholder; perform a secondary authentication evaluation that generates a merchant assessment of the trustworthiness of the cardholder based on the secondary authentication evaluation; transmit an authorization request onto the payment network if the generated merchant assessment of trustworthiness indicates the cardholder is trustworthy; receive an authorization approval or denial based at least partially on the generated merchant assessment of trustworthiness; and complete the financial transaction based on the received authorization approval or denial.

12 . The computer-based method of claim 11 , wherein said computer device is further configured to determine from interactions between the cardholder and the merchant website whether the cardholder is attempting to perform activities inconsistent with at least one of a transaction history of the cardholder and a profile of the cardholder.

13 . The computer-based method of claim 11 , wherein said secondary authentication evaluation comprises analyzing answers made by the cardholder to at least one of predetermined security questions and security questions determined in approximately real-time.

14 . The computer-based method of claim 11 , wherein the generated merchant assessment of trustworthiness indicates the cardholder is trustworthy when the generated merchant assessment of trustworthiness indicates the cardholder is not fraudulent.

15 . One or more non-transitory computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor, the computer-executable instructions cause the processor to:
receive an authentication request from a sender, the authentication request associated with the financial transaction and including interaction data relating to a cardholder interaction with the sender; transmit an authentication response to the sender, the authentication response including results of an authentication routine performed by the computer device using the received interaction data and historical transaction data of the cardholder; receive an authorization request associated with the financial transaction from the sender, the authorization request including a fraud risk assessment of the financial transaction provided by the sender using the authentication response, the authorization request including one or more reason codes associated with the fraud risk assessment; and transmit the received authorization request to an issuer associated with the cardholder.

16 . The computer-readable storage media of claim 15 , wherein the computer-executable instructions further cause the processor to receive interaction data relating to a cardholder navigating a webpage of the sender.

17 . The computer-readable storage media of claim 15 , wherein the computer-executable instructions further cause the processor to generate a plurality of trust scores during the cardholder interaction with the sender, each successive trust score of the plurality of trust scores superseding all previous trust scores generated during the cardholder interaction with the sender.

18 . The computer-based method of claim 1 , wherein the historical transaction data of the cardholder relates to at least one of a longevity an account of the cardholder.

19 . The computer-based method of claim 1 , wherein the fraud risk

Assignees

• Mastercard International Inc

Inventors

• Wiesman Mark B

Classifications

• G06Q20/12

  specially adapted for electronic shopping systems · CPC title

• G06Q20/4014

  Identity check for transactions · CPC title

• G06Q20/405

  Establishing or using transaction specific rules · CPC title

• G06Q20/34

  using cards, e.g. integrated circuit [IC] cards or magnetic cards · CPC title

• G06Q20/4016 Primary

  involving fraud or risk level assessment in transaction processing · CPC title