Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Eric James Eldridge0
Fred Bishop0
William S. Schwarz, Jr.0
Date of Patent
May 7, 2013
0Patent Application Number
133530980
Date Filed
January 18, 2012
0Patent Citations Received
Patent Primary Examiner
Patent abstract
Systems and methods for facilitating risk assessment for point of sale transactions utilizing at least one risk triggering value (RTV) is disclosed. An RTV is a condensed version of a set of complex risk data and strategies usually found in central processing sites. After receiving a request for payment authorization, a risk value is calculated for the request. The distributed processing site compares the risk value to the RTV to determine whether to authorize payment. If the risk value is less than or equal to the RTV, the payment is authorized while a risk value greater than the RTV will not be authorized. The central site calculates a new RTV for the account and distributes the new RTV to the distributed processing site.
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