Authorizing a payment transaction using seasoned data
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United States of America
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Oct 8, 2019
Grant Date -
Jan 27, 2011
app pub date -
Jul 22, 2009
filing date -
Jul 22, 2009
priority date (Note) -
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status (Latency Note)
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Abstract
A system, apparatus, and method for expediting the authorization of an electronic payment transaction. Authorization of a transaction at a node of an authorization network is the result of inferring the trustworthiness of a customer to the transaction using data obtained from a different node of the authorization network. The authorization process is expedited by relying on the previous authentication decision of another node, where the previous decision may have been made based on a different payment device or different user inputs. The invention uses a decision made by a first node in the authorization network as a proxy for the authorization decision at a different node, thereby transferring the trustworthiness of a consumer, consumer's device, payment device, or other aspect of the transaction from the first node to the second.
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