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:
Jun. 14, 2016
Filed:
Mar. 25, 2015
Mastercard International Incorporated, Purchase, NY (US);
Po Hu, Norwalk, CT (US);
Tong Zhang, Greenwich, CT (US);
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
A method for processing payment transactions with merchant-specific fraud detection includes: storing a merchant profile, the profile including data related to a merchant including a merchant identifier and a plurality of transaction data entries, each entry including data related to a payment transaction involving the merchant including transaction data; receiving an authorization request for a payment transaction, the request including the merchant identifier and transaction data; calculating a fraud score for the payment transaction based on application of one or more scoring algorithms to the transaction data included in the authorization request and based on the transaction data included in transaction data entries in the merchant profile; transmitting the transaction data included in the received authorization request and the calculated fraud score to the merchant; and receiving a notification from the merchant indicating acceptance of risk for the payment transaction.