RISK DETECTION AND ASSESSMENT OF CASH PAYMENT FOR ELECTRONIC PURCHASE TRANSACTIONS

RISK DETECTION AND ASSESSMENT OF CASH PAYMENT FOR ELECTRONIC PURCHASE TRANSACTIONS

A system and methods are provided which allow consumers to pay for ecommerce transactions through online bill payment and for merchants to determine that payments are not fraudulent . The system and methods do not rely on personal or confidential customer information relating to credit-cards and/or...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: FORZLEY, MARWAN, FORZLEY, SAMER, JAMES, SHEILA H, MACMILLIAN, JOHN A, AGARWAL, RADHIKA
Format: Patent
Sprache:eng ; fre
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system and methods are provided which allow consumers to pay for ecommerce transactions through online bill payment and for merchants to determine that payments are not fraudulent . The system and methods do not rely on personal or confidential customer information relating to credit-cards and/or bank account routing information, date of birth and/or social security number. A risk manager can perform risk assessment for the cash payment based on order information and non-confidential purchaser information included in a cash payment request. In response to receiving an indication of the cash payment from the purchaser, a determination is made whether the cash payment is a good payment based on the risk assessment. The cash payment is released to a merchant in response to a determination that the cash payment is a good payment.