A system configured for conducting authorization processes during an e-commerce transaction comprising:
- an e-identity-card linkage database for storing and retrieving a link between an e-identity and at least one registered credit card number of a client;
- a computer having a first processor configured for obtaining an authorization request generated by a seller-side server application module of an e-commerce entity merchant computer having a second processor, said second processor being remote from said first processor, said request including at least a credit card number submitted to the entity during a transaction, the first processor further configured to:
- determine if there exists an e-identity which is associated with the credit card number using the e-identity-card linkage database by operating an issuing entity application module;
- determine if the e-identity has a status which is (1) available, or (2) unavailable wherein a status designated ‘available’ defines a status for an e-identity that has been linked with a registered credit card number that matches the credit card number of the transaction and a status designated ‘unavailable’, defines a status for an e-identity that is not associated with the credit card number of the transaction, and perform the following based upon the determined status:
- if the e-identity status is available, an e-identity available operation including sending a notice to a registered computer device associated with the client and processing the notice by software of the registered computer device in order to allow or reject an authorization to be provided according to parameters set by the client for a profile associated with the e-identity, said computer device containing a third processor, remote from said first and second processors;
- and,
- if the e-identity status is unavailable, perform an e-identity unavailable operation which includes performing an alternative method of authentication which is a traditional method of authentication, the alternative method of authentication resulting in one of two outcomes including approval or rejection of a transaction associated with authentication request, the alternative method of authentication includes at least one step selected from the group of:
- operating the first processor of the computer to push the transaction to manual review;
- operating the first processor of the computer in a traditional manner to request data traditionally entered for e-commerce transactions selected from the group:
- a consumer's billing address;
- a shipping address;
- a phone number;
- the expiration month and date for a credit card;
- a security code to verify the credit card;
- a VBV, a CVV2, a CVC, or other security codes that are used by credit card associations;
- operating an algorithm in the first processor of the computer using an FFT analysis module to calculate the risk of fraud;
- operating an algorithm in the first processor of the computer to determine whether to automatically accept, automatically reject and/or introduce the intervention of a human operator for manual review of the transaction;
- and
- operating the first processor of the computer using a business rule algorithm to determine a set of thresholds which determine the decision to accept, reject, or push the transaction to manual review
- and wherein the first processor is further configured to process the e-commerce transaction only after at least one of the e-identity available operation, or e-identity unavailable operation, has been completed, and whereby the risk of a transaction being performed without a client's knowledge or permission is decreased and information obtained in identity theft is not sufficient for transaction approval.