RISK DETECTION AND ASSESSMENT OF CASH PAYMENT FOR ELECTRONIC PURCHASE TRANSACTIONS
First Claim
1. A method of risk detection and assessment of a cash payment for an electronic purchase transaction, comprising:
- receiving, at a cash payment administration system, a cash payment request associated with the cash payment for the electronic purchase transaction, the request including order information and non-confidential purchaser information;
performing, at a risk manager within the cash payment administration system, a risk assessment for the cash payment based on the order information and non-confidential purchaser information;
in response to receiving an indication of receipt of the cash payment from the purchaser, determining, at the risk manager, whether the cash payment is a good payment based on the risk assessment;
releasing the cash payment to a merchant in response to a determination that the cash payment is a good payment.
4 Assignments
0 Petitions
Accused Products
Abstract
A system and methods are provided which allow consumers to pay for ecommerce transactions through online bill payment and for merchants to determine that payments are not fraudulent. The system and methods do not rely on personal or confidential customer information relating to credit-cards and/or bank account routing information, date of birth and/or social security number. A risk manager can perform risk assessment for the cash payment based on order information and non-confidential purchaser information included in a cash payment request. In response to receiving an indication of the cash payment from the purchaser, a determination is made whether the cash payment is a good payment based on the risk assessment. The cash payment is released to a merchant in response to a determination that the cash payment is a good payment.
218 Citations
18 Claims
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1. A method of risk detection and assessment of a cash payment for an electronic purchase transaction, comprising:
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receiving, at a cash payment administration system, a cash payment request associated with the cash payment for the electronic purchase transaction, the request including order information and non-confidential purchaser information; performing, at a risk manager within the cash payment administration system, a risk assessment for the cash payment based on the order information and non-confidential purchaser information; in response to receiving an indication of receipt of the cash payment from the purchaser, determining, at the risk manager, whether the cash payment is a good payment based on the risk assessment; releasing the cash payment to a merchant in response to a determination that the cash payment is a good payment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A cash payment administration system for processing a cash payment for an electronic purchase transaction, the cash payment administration system being in communication with a merchant and with a financial institution, comprising:
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a merchant communications interface arranged to receive, from the merchant, a cash payment request associated with the cash payment, the request including order information and non-confidential purchaser information; a risk manager arranged to perform a risk assessment for the cash payment based on the order information and non-confidential purchaser information; and a payment communications interface arranged to receive an indication of receipt of the cash payment by the financial institution from the purchaser; the risk manager arranged to determine whether the cash payment is a good payment based on the risk assessment and in response to indication of receipt of the cash payment; the merchant interface arranged to release the cash payment to the merchant in response to a determination that the cash payment is a good payment. - View Dependent Claims (15, 16, 17)
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18. An authorized cash payment administration system for processing a cash payment for an electronic purchase transaction, the cash payment administration system being in communication with a merchant and with a financial institution, comprising:
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means for receiving a cash payment request associated with the cash payment for the electronic purchase transaction, the request including order information and non-confidential purchaser information; means for performing a risk assessment for the cash payment based on the order information and non-confidential purchaser information; means for determining whether the cash payment is a good payment based on the risk assessment and in response to receiving an indication of receipt of the cash payment from the purchaser; and means for releasing the cash payment to a merchant in response to a determination that the cash payment is a good payment.
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Specification