Systems and methods for electronic transaction risk processing

Details Systems and methods for electronic transaction risk processing Systems and methods for electronic transaction risk processing

2008-07-01

2008-07-01

Le, Thien M (Department: 2887)

Registers

Systems controlled by data bearing records

Credit or identification card systems

C235S380000

Reexamination Certificate

active

07392942

ABSTRACT:
A system automatically determines authorization of a financial transaction occurring through the presentation of a check card such as a demand deposit account (DDA) card. For a proposed financial transaction of a customer from a merchant having a membership program, the system obtains an indication that the customer is a member of the merchant's membership program. The system determines an indication of risk for the transaction, based at least in part on the indication that the customer is a member of the merchant's membership program. The financial transaction is authorized when the indication of risk is within at least one parameter.

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