Systems and Methods for Hold Periods Based Upon Risk Analysis
First Claim
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1. A computer-implemented method, comprising:
- Receiving, via a network, a payment request to make a payment on behalf of a payor to a payee;
directing a debit in an amount associated with the payment request from an account associated with the payor at a first time;
determining a hold period based upon a risk analysis of the payor; and
directing a credit in the amount of the payment to the payee a second time, wherein the hold period determines a time period between the first time and the second time.
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Abstract
Systems and methods are provided for determining hold periods based upon risk analysis. The systems and methods may include receiving, via a network, a payment request to make a payment on behalf of a payor to a payee and directing a debit in an amount associated with the payment request from an account associated with the payor at a first time. The systems and methods may further include determining a hold period based upon a risk analysis of the payor, and directing a credit in the amount of the payment to the payee a second time, where the hold period determines a time period between the first time and the second time.
95 Citations
27 Claims
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1. A computer-implemented method, comprising:
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Receiving, via a network, a payment request to make a payment on behalf of a payor to a payee;
directing a debit in an amount associated with the payment request from an account associated with the payor at a first time;
determining a hold period based upon a risk analysis of the payor; and
directing a credit in the amount of the payment to the payee a second time, wherein the hold period determines a time period between the first time and the second time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system, comprising:
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a memory that stores programming instructions; and
a processor in communication with the memory, wherein the processor is configured to access the programming instructions to;
receive, via a network, a payment request to make a payment on behalf of a payor to a payee;
direct a debit in an amount associated with the payment request from an account associated with the payor at a first time;
determine a hold period based upon a risk analysis of the payor; and
direct a credit in the amount of the payment to the payee a second time, wherein the hold period determines a time period between the first time and the second time. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. A system, comprising:
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means for receiving, via a network, a payment request to make a payment on behalf of a payor to a payee;
means for directing a debit in an amount associated with the payment request from an account associated with the payor at a first time;
means for determining a hold period based upon a risk analysis of the payor; and
means for directing a credit in the amount of the payment to the payee a second time, wherein the hold period determines a time period between the first time and the second time.
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Specification