The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 31, 2013
Filed:
Sep. 08, 2010
Patrick L. Faith, Pleasanton, CA (US);
Zhongxiao Jiang, Cupertino, CA (US);
Kevin Paul Siegel, Milpitas, CA (US);
Theodore D. Harris, San Francisco, CA (US);
Patrick L. Faith, Pleasanton, CA (US);
Zhongxiao Jiang, Cupertino, CA (US);
Kevin Paul Siegel, Milpitas, CA (US);
Theodore D. Harris, San Francisco, CA (US);
Visa International Service Association, San Francisco, CA (US);
Abstract
An apparatus and method for processing a transaction authorization request to reduce the need for a transaction risk assessment as part of the authorization process. The invention reduces both the data processing burden on the payment processor and the number of transactions for which authorization is denied. In some embodiments, the invention uses predictive or behavior modeling techniques to generate predictions of the transactions the consumer may engage in. If the consumer does engage in a predicted transaction, then a risk analysis process is not performed for that transaction.