Method and system for controlling risk in a payment transaction

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United States of America Patent

PATENT NO 8768837
SERIAL NO

12598730

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Abstract

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Example embodiments of the presently described subject matter are described that require a customer to use a secure payment token if, during a payment transaction, it is determined that the payment transaction poses a risk. A risk analysis may be performed based at least in part on data related to the payment transaction, such as data related to the customer, the transaction itself, the merchant, etc. If the results of the risk analysis indicate that an unacceptable amount of risk exists, the merchant or any interested party may require the customer to use a secure payment token, for example, a smart card, to conduct the transaction. Otherwise, the customer may proceed by using a static payment token, for example a credit card or PIN/password-based payment token.

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Patent Owner(s)

  • MASTERCARD INTERNATIONAL INCORPORATED

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Kranzley, Arthur D Pound Ridge, US 20 1026

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11.5 Year Payment $7400.00 $3700.00 $1850.00 Jan 1, 2026
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