Systems and methods for electronic transaction risk processing

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7392942
APP PUB NO 20070138259A1
SERIAL NO

11313539

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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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Patent Owner(s)

  • FIRST DATA CORPORATION

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Ahles, Daniel Houston, TX 15 331
Dragt, Bruce Highlands Ranch, CO 25 1081
Wallin, Mark Sugar Land, TX 21 1438

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