System and Methods for Party Authentication and Credit Assessment in Electronic Purchasing

• US 20140222616A1
• Filed: 11/04/2013
• Published: 08/07/2014
• Est. Priority Date: 03/06/2012
• Status: Active Application

• Current Assignee: Klarna Bank AB (Klarna Holding AB)
• Original Assignee: Klarna AB (Klarna Holding AB)
• Inventors: SIEMIATKOWSKI, Sebastian, Adalberth, Niklas, Jacobsson, Victor, Fock, David, Pettersson, Henrik
• Application Number:
  US14/071,567
• Publication Number:
  US 20140222616A1
• Time in Patent Office: Days
• US Class Current: 705/26.8
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/384 using social networks
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 50/01 Social networking

Abstract

In certain embodiments, systems and methods may authorize an online transaction over a data communications network, including receiving a request for a transaction from a user via the network where the transaction request relates to a purchase order. Some embodiments include receiving a user identifier, determining if the user identifier provides sufficient information about an identity of said user to fulfill the transaction, requesting additional user identifiers until it is determined that there is sufficient information to fulfill the transaction, and authorizing the transaction if there is sufficient information for transaction fulfillment.

Claims

1. A method for authorizing an online transaction over a data communications network, the method comprising:

receiving a request for a transaction from a user via the network, said transaction request relating to a purchase order;

receiving at least one user identifier;

determining if the user identifier provides sufficient information about an identity of said user to fulfill the transaction;

requesting additional one or more user identifiers until it is determined that there is sufficient information to fulfill the transaction; and

authorizing the transaction if there is sufficient information for transaction fulfillment.

2. The method of claim 1, further comprising:

making a credit assessment based on the one or more user identifiers and the requested online transaction; and

authorizing the requested online transaction based on the credit assessment.

3. The method of claim 1, further comprising:

making a fraud determination based on at least one of the user identifier and the requested online transaction; and

authorizing the requested online transaction based on the fraud determination.

4. The method of claim 1, further comprising:

authorizing the transaction before requesting payment.

5. The method of claim 1, wherein requesting an additional user identifier includes sending a request to the user to provide an additional user identifier.

6. The method of claim 1, wherein requesting an additional user identifier includes retrieving said additional user identifier from a data storage based on a previously received user identifier.

7. The method of claim 6, wherein said data storage is included in a system configured for authorizing said online transaction.

8. The method of claim 6, wherein said data storage is via the network in communication with a system configured for authorizing said online transaction.

9. The method of claim 1, further comprising:

requesting an additional user identifier that is inherently unique to a user.

10. The method of claim 1, further comprising:

requesting an additional user identifiers that is not derivable from previously retrieved user identifiers.

11. The method of claim 1, further comprising presenting user data to the user for verification by the user, via the network.

12. The method of claim 1, wherein determining that the one or more user identifiers provide sufficient information if the user is deemed to be identified with a known individual, based on said user identifiers and according to a predetermined set of rules.

13. The method of claim 1, wherein the at least one user identifier is at least one of, a zip code, an email address, a physical street address, a mobile phone number, and a land line phone number.

14. The method of claim 1, wherein information about the identity of said user is received from a third-party based on a user identifier.

15. The method of claim 14, wherein the third party is a social media website.

16. The method of claim 1, wherein the sufficient information about the user to fulfill the transaction includes at least one of:

a physical shipping address, an email address of the user, a mobile phone number and user equipment information.

17. The method of claim 1, wherein the fulfillment determination includes determining whether sufficient information to complete the transaction exits, including at least one of, information regarding user device information and email address of the user if the user purchase order is for a download.

18. The method of claim 1, wherein the fulfillment determination includes determining whether sufficient information to complete the transaction exits, including at least information for a physical shipping address if the user purchase order is for a shipment of physical goods.

19. The method of claim 2, wherein the credit assessment includes a determination of a maximum credit limit based on the received user identifiers.

20. The method of claim 2, wherein the credit determination includes whether a credit limit has been exceeded.

21. The method of claim 2, wherein the credit assessment includes creating a reservation for credit when the credit assessment is made in response to said transaction request.

22. The method of claim 2, wherein the credit assessment includes a determination of a credit limit made in response to said transaction request, and wherein the credit limit is calculated for each transaction and set to a transaction specific value.

23. The method of claim 2, wherein the credit assessment is based on at least one of:

transaction specifics, goods purchased, user details, merchant, order price, payment plan, user income, payment remarks, user payment history, and recent user purchase activity.

24. The method of claim 2,wherein the credit assessment is made including information from a third party.

25. The method of claim 2, further comprising:

requesting additional user information, and using the additional user information to determine if there is sufficient information to complete the credit assessment.

26. The method of claim 2, wherein the credit assessment includes requesting user information until enough information has been obtained to identify the user and to determine the credit risk of the user in the requested online transaction dependent on predetermined rules.

27. The method of claim 3, wherein the fraud detection is made according to predetermined rules.

28. The method of claim 2, further comprising:

making a fraud determination based on at least one of, the user identifier, additional user information, and order price and the credit assessment; and

authorizing the transaction dependent on the fraud determination.

29. The method of claim 3, further comprising:

requesting at least one of, one or more additional user identifiers and additional user information, if there is not sufficient information to make a fraud determination dependent on predetermined rules.

30. The method of claim 4, wherein the transaction is authorized before a payment method is selected by the user.

31. The method of claim 4, wherein the transaction is authorized before receiving user payment information.

32. The method of claim 4, wherein the transaction is completed before receiving user payment information.

33. The method of claim 4, wherein the transaction is authorized dependent on a risk assessment according to predetermined rules.

34. A system for authorizing an online transaction over a data communications network, the system comprising:

a server in communication with a merchant system via the data communications network;

wherein the server is configured to;

receive a request for a transaction from a user device of a user via the network, said transaction request relating to a purchase order;

receive at least one user identifier from a user via the data communications network;

determine if the user identifier provides sufficient information about the identity of said user to fulfill the transaction;

request additional one or more user identifiers until it is determined that there is sufficient information to fulfill the transaction; and

authorize the transaction if there is sufficient information for transaction fulfillment.

35. The system of claim 34, wherein the server is further configured to:

make a credit assessment based on the user identifiers and the requested transaction; and

authorize the transaction dependent on the credit assessment.

36. The system of claim 34, wherein the server is further configured to:

make a fraud determination based on at least one of, the user identifier and the requested transaction; and

authorize the transaction dependent on the fraud determination.

37. The system of claim 34, wherein the server is further configured to:

authorize the requested transaction before a request for payment.

38. The system of claim 34, wherein requesting additional one or more user identifiers includes sending a request to the user to provide an additional user identifier.

39. The system of claim 34 further comprising:

a data storage in communication with the data communications network,

wherein requesting additional one or more user identifiers includes retrieving said additional user identifier from the data storage dependent on a previously received user identifier.

40. The system of claim 39, wherein said data storage is included in the system configured for authorizing said online transaction.

41. The system of claim 39, wherein said data storage is in communication with the system configured for authorizing said online transaction.

42. The system of claim 34, further comprising:

wherein the server is further configured to;

request an additional user identifier that is inherently unique to a user.

43. The system of claim 34, wherein the server is further configured to:

request an additional user identifier that is not derivable from previously retrieved user identifiers.

44. The system of claim 34, wherein the server is further configured to:

cause display of user data on a user device for verification by the user.

45. The system of claim 34, wherein the server is configured to:

determine that the one or more user identifiers provide sufficient information if the user is deemed to be identified with a known individual, based on said user identifiers and according to a predetermined set of rules.

46. The system of claim 34, wherein the at least one user identifier is at least one of, a zip code, an email address, a physical street address, a mobile phone number, and a land line phone number.

47. The system of claim 34, wherein information about the identity of said user is received from a third-party based on a user identifier.

48. The system of claim 34, wherein the third party is a social media website.

49. The system of claim 34, wherein sufficient information about the user to fulfill the transaction includes at least one of:

a physical shipping address, an email address of the user, a mobile phone number and user equipment information.

50. The system of claim 34, wherein the fulfillment determination includes the server being further configured to:

determine whether sufficient information to complete the transaction exits, including at least one of, information regarding user device information and email address of the user if the user purchase order is for a download.

51. The system of claim 34, wherein the fulfillment determination includes the server being further configured to:

determine whether sufficient information to complete the transaction exits, including at least information for a physical shipping address if the user purchase order is for a shipment of physical goods.

52. The system of claim 35, wherein the credit assessment comprises a determination of a maximum credit limit based on the user identifiers.

53. The system of claim 35, wherein the credit determination includes whether a credit limit has been exceeded.

54. The system of claim 35, wherein the credit assessment includes creating a reservation for credit when the credit assessment is made, in response to said transaction request.

55. The system of claim 35, wherein the credit assessment includes a determination of a credit limit made in response to said transaction request, and wherein the credit limit is calculated for each transaction and set to a transaction specific value.

56. The system of claim 35, wherein the credit assessment is based on at least one of:

transaction specifics, goods purchased, user details, merchant, order price, payment plan, user income, payment remarks, user payment history, and recent user purchase activity.

57. The system of claim 35, wherein the credit assessment is made including information received from a third party.

58. The system of claim 35, wherein the server is further configured to:

determine if there is sufficient information to complete the credit assessment and if not, request additional user information.

59. The system of claim 35, wherein the credit assessment includes requesting user information until enough information has been obtained to identify the user and to determine the credit risk of the specific user in the specific transaction dependent on predetermined rules.

60. The system of claim 36, wherein fraud detection is made according to predetermined rules.

61. The system of claim 35, wherein the server is further configured to:

make a fraud determination based on at least one of, the user identifier, additional user information, the order price and the credit assessment; and

authorize the requested transaction dependent on the fraud determination.

62. The system of claim 36, wherein the server is further configured to:

request at least one of, one or more additional user identifiers and additional user information, if there is not sufficient information to make a fraud determination.

63. The system of claim 37, wherein the transaction is authorized before a payment method is selected.

64. The system of claim 37, wherein the transaction is authorized before receiving user payment information.

65. The system of claim 37, wherein the transaction is completed before receiving user payment information.

66. The system of claim 37, wherein the transaction is authorized dependent on a risk assessment according to predetermined rules.

67. A method for authorizing an online transaction over a network, the method comprising:

via a server in communication with at least one data storage and the network,

receiving a request for a transaction from at least one user via the network, said transaction request relating to a purchase order;

receiving at least one user identifier corresponding to the at least one user requesting the transaction via the network;

determining if the received user identifier provides sufficient information about an identity of said user to fulfill the transaction;

if the determination is negative,

requesting additional one or more user identifiers corresponding to the at least one user;

receiving the additional one or more user identifiers corresponding to the at least one user; and

determining if the received additional one or more of the requested user identifiers provides sufficient information about an identity of said user to fulfill the transaction;

authorizing the transaction if there is sufficient information for transaction fulfillment; and

requesting payment from the user via the network, after authorizing the transaction.