SYSTEM AND METHOD FOR RISK EVALUATION FOR STORE TRANSACTIONS

SYSTEM AND METHOD FOR RISK EVALUATION FOR STORE TRANSACTIONS

Systems and methods for evaluating risks for physical locations are disclosed. A request for risk evaluation of transactions associated with a physical location located within a predetermined region including a plurality of neighboring locations is received. A spatial model is implemented to generat...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Jia, Shihui, Ye, Fei, Zhang, Xuan
Format: Patent
Sprache:eng
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:Systems and methods for evaluating risks for physical locations are disclosed. A request for risk evaluation of transactions associated with a physical location located within a predetermined region including a plurality of neighboring locations is received. A spatial model is implemented to generate a first risk score based on chargeback data associated with the physical location and chargeback data of the plurality of neighboring locations. A temporal model is implemented to generate a second risk score for the physical location. A final risk score for the physical location is generated based on the first risk score and the second risk score. The final risk score is transmitted to a computing device for detecting fraudulent transactions associated with the physical location in response to the request.