Systems and methods for selective use of risk models to predict financial risk

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United States of America Patent

PATENT NO 7668776
SERIAL NO

10041765

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A risk system that performs a risk assessment of a financial transaction to obtain a first risk score, and based on first risk score performs post-score assessments by selectively utilizing various scoring models and databases. The post-score process re-assesses some of the borderline risks in order to capture beneficial transactions that may fail standard risk assessments that use a cutoff risk score to divide the transactions into either authorized or declined groups.

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Patent Owner(s)

Patent OwnerAddress
FIRST DATA CORPORATION12500 EAST BELFORD AVENUE ENGLEWOOD CO 80112

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Ahles, Daniel Houston, US 15 358

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