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Automatically decisioning transaction requests

  • US 8,799,161 B2
  • Filed: 05/20/2010
  • Issued: 08/05/2014
  • Est. Priority Date: 05/20/2010
  • Status: Active Grant
First Claim
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1. A method, comprising:

  • receiving, in real time by a computing system having a processor, activity relating to a customer of a financial institution;

    receiving, in real time by the computing system, a first transaction limit associated with the customer, wherein the first transaction limit associated with the customer comprises an automated clearinghouse credit limit for the customer, wherein the automated clearinghouse credit limit for the customer comprises at least one value associated with the customer received from a computerized facility that electronically processes inter-bank credits and debits among member financial institutions;

    receiving, by the computing system, a request for a transaction by the customer;

    automatically determining, by the computing system, whether the requested transaction is within the received real time first transaction limit associated with the customer by determining whether the requested transaction is within the automated clearinghouse credit limit for the customer, wherein determining whether the requested transaction is within the automated clearinghouse credit limit for the customer comprises determining whether the requested transaction is within the at least one value associated with the customer received from the computerized facility that electronically processes inter-bank credits and debits among the member financial institutions;

    responsive to automatically determining that the transaction is not within the real time first transaction limit associated with the customer, determining, by the computing system, a second real time transaction limit associated with the customer, wherein the second real time transaction limit associated with the customer comprises an overall credit limit for the customer;

    determining, by the computing system, whether the requested transaction is within the determined second real time transaction limit associated with the customer by determining whether the requested transaction is within the overall credit limit for the customer;

    responsive to determining that the requested transaction is within the determined second real time transaction limit associated with the customer, determining, by the computing system, whether the requested transaction is eligible for application of a business rule;

    responsive to determining that the requested transaction is eligible for application of the business rule;

    determining, by the computing system, whether an amount of the requested transaction is within a predetermined amount threshold specified by the business rule and whether a risk rate of the customer is below a predetermined risk rate threshold specified by the business rule;

    responsive to determining that the amount of the requested transaction is within the predetermined amount threshold specified by the business rule and that the risk rate of the customer is below the predetermined risk rate threshold specified by the business rule, approving, by the computing system, the requested transaction; and

    responsive to determining that the amount of the requested transaction is not within the predetermined amount threshold specified by the business rule or that the risk rate of the customer is not below the predetermined risk rate threshold specified by the business rule, transferring, by the computing system, the requested transaction to a queue of requested transactions for manual approval determination by a risk analyst of the financial institution; and

    responsive to determining that the requested transaction is not eligible for application of the business rule, transferring, by the computing system, the requested transaction to the queue of requested transactions for manual approval determination.

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