WIRELESS NUMBER RISK SCORES FOR USE WITH MOBILE PAYMENTS
First Claim
1. A computer readable medium having code stored thereon which, when executed by a processor, performs a method for evaluating risk of default for transactions via a wireless device, the method comprising:
- receiving on the computer readable medium customer information corresponding to account history and account activity for a wireless phone number, the account history including length of wireless service;
processing the customer information using the information on the computer readable medium to generate a wireless number risk score for the wireless phone number, the risk score for quantifying risk of nonpayment; and
incorporating the wireless number risk score into the authorization process for transactions via the wireless device.
1 Assignment
0 Petitions
Accused Products
Abstract
Apparatus and methods for evaluating risk of nonpayment for mobile payments. Wireless phone numbers with associated customer history and account information may be used as a proxy to determine risk of nonpayment. Risk scores may be continually updated with new purchase and payment information. In some embodiments, authorization for a point of sale transaction may include evaluation of the mobile wireless risk score. A low wireless number risk score may result in authorization of the transaction. A high wireless number risk score may result in denial of the transaction.
67 Citations
22 Claims
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1. A computer readable medium having code stored thereon which, when executed by a processor, performs a method for evaluating risk of default for transactions via a wireless device, the method comprising:
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receiving on the computer readable medium customer information corresponding to account history and account activity for a wireless phone number, the account history including length of wireless service; processing the customer information using the information on the computer readable medium to generate a wireless number risk score for the wireless phone number, the risk score for quantifying risk of nonpayment; and incorporating the wireless number risk score into the authorization process for transactions via the wireless device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer-readable medium storing computer executable instructions which, when executed by a processor on a computer system, perform a method for generating wireless number risk scores, the method comprising:
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receiving information regarding customer information corresponding to wireless account history and wireless account activity, the wireless account history including information relating to length of wireless service; authenticating customer information; and processing the customer information to generate a wireless number risk score. - View Dependent Claims (14, 15, 16)
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17. A computer-readable medium storing computer-executable instructions which, when executed by a processor on a computer system, perform a method for electronically authorizing a payment via wireless device, the method comprising:
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receiving a request for authorization by a party to the transaction on the computer; authenticating customer information, the customer information including length of wireless service; applying standard company authorization procedures; applying wireless number risk scoring; and transmitting approval or denial from the computer to the parties to the transaction. - View Dependent Claims (18, 19)
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20. A computer readable medium having code stored thereon which, when executed by a processor, performs a method for evaluating risk of default for a transaction via a wireless device, the method comprising:
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receiving on the computer readable medium customer data for a customer having a wireless phone account, the customer data including length of wireless service; processing the customer data using the information on the computer readable medium to generate a score quantifying risk of default and assigning that risk score to the wireless phone number associated with the account; and incorporating the wireless phone number risk score into the authorization process for a transaction via a wireless device.
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21. A computer readable medium having code stored thereon which, when executed by a processor, performs a method for evaluating risk of default for a transaction, the transaction being consummated via a wireless device, the method which may be employed by a consortium of industry participants, the method comprising:
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receiving on the computer readable medium customer data for a wireless phone account from an industry participant, the customer data including length of wireless service; authenticating the customer data; allocating the customer data into categories; and processing the customer data using the information on the computer readable medium to generate a wireless phone number risk score. - View Dependent Claims (22)
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Specification