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Method and system for assessing merchant risk during payment transaction

  • US 8,020,763 B1
  • Filed: 06/30/2009
  • Issued: 09/20/2011
  • Est. Priority Date: 06/30/2009
  • Status: Active Grant
First Claim
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1. A method for assessing risk associated with accepting payment from a consumer during a transaction, the method comprising:

  • receiving, at a payment device of the merchant, data related to a transaction card tendered by the consumer to pay for a good or a service provided by the merchant;

    receiving, through a network and at the payment device, an indicator representing the risk associated with accepting payment from the consumer using the transaction card, the indicator comprising a weighted score, a first portion of the weighted score being attributable to a first type of data, a second portion of the weighted score being attributable to a second type of data; and

    determining whether to accept payment from the consumer using the transaction card based at least in part upon the indicator.

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