TRANSACTION DATA REPOSITORY FOR RISK ANALYSIS
First Claim
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1. A method comprising:
- determining, using a processor operatively coupled to a memory, a first risk level associated with a first consumer for a proposed transaction, the first risk level based on payment data from a payment processing network, the payment processing network configured to process credit or debit portable consumer device transactions, and data external to the payment processing network;
receiving an authorization from the first consumer to disclose the first risk level to a second consumer; and
sending the first risk level to the second consumer based on receiving the authorization.
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Abstract
Systems and methods are presented for determining risk levels for consumer-to-consumer (C2C) transactions on brokering websites. The risk levels can be based on payment processing network (e.g. Visa) account data as well as external data, such as geo-location using IP addresses, fraud bureau data, and star ratings. The buying and selling consumers can have multiple risk scores for each transaction, such as a fraud, credit, return/chargeback, dissatisfaction, product misuse, nonreturnable, and defect risk scores. The buying and selling consumers can trade their risk levels before proceeding with the transaction.
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Citations
20 Claims
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1. A method comprising:
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determining, using a processor operatively coupled to a memory, a first risk level associated with a first consumer for a proposed transaction, the first risk level based on payment data from a payment processing network, the payment processing network configured to process credit or debit portable consumer device transactions, and data external to the payment processing network; receiving an authorization from the first consumer to disclose the first risk level to a second consumer; and sending the first risk level to the second consumer based on receiving the authorization. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method comprising:
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determining, using a processor operatively coupled to a memory, a first risk level associated with a first consumer for a proposed transaction, the first risk level based on transactions of the first consumer; determining a second risk level associated with a second consumer for the transaction, the second risk level based on transactions of the second consumer; receiving an authorization from the first consumer to disclose the first risk level to the second consumer; receiving an authorization from the second consumer to disclose the second risk level to the first consumer; sending the first risk level to the second consumer and the second risk level to the first consumer based on receiving both authorizations. - View Dependent Claims (15, 16, 17, 18)
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19. A method comprising:
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determining, using a processor operatively coupled to a memory, a first set of risk levels associated with a first consumer for a proposed transaction, the first set of risk levels based on transactions of the first consumer; determining a second set of risk levels associated with a second consumer for the transaction, the second set of risk levels based on transactions of the second consumer; receiving an authorization from the first consumer to disclose one or more of the first set of risk levels to the second consumer based on whether the second consumer authorizes disclosure of one or more of the second set of risk levels to the first consumer; receiving an authorization from the second consumer to disclose one or more of the second set of risk levels to the first consumer; sending the one or more of the first set of risk levels to the second consumer and the one or more of the second set of risk levels to the first consumer. - View Dependent Claims (20)
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Specification