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US 11,308,498 B2Granted
Real-time risk based payment decision service for transit system
AssigneeVisa International Service Association
InventorsSyam Sasidharan Nair, Francois Hribovsek
Life of this patent
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Abstract
Information for a payment account of a user of a transit system may be received. A risk analysis may be performed using the information for the payment account based on one or more parameters to determine a risk score for the user. The risk score for the user may be provided to a transit payment system. Whether the user is a high risk based on the risk score may be determined. If the user is a high risk, payment or payment authorization from the user via the transit payment system may be required before the user exits the transit system.
Claims20
A computer-implemented method for obtaining payment using real-time risk based analysis:
- receiving information for a payment account of a user of a transit system from a reader provided at an entry point of the transit system, wherein the reader receives the information for the payment account from a payment device of the user, wherein the reader is in communication with a transit payment system;
- communicating the information for the payment account to a risk analysis processor via the transit payment system, wherein the risk analysis processor is in communication with a payment network, and wherein the risk analysis processor calculates a risk score for the user by:
- communicating with the payment network to obtain data for one or more parameters;
- determining the risk score for the user by using at least the following parameters:
- cross border transactions involving the payment account of the user within a time period, a first deny list for the transit system, and a second deny list for a second transit system, wherein the first deny list includes a list of transit users of the transit system who have defaulted on payment, and wherein the second deny list includes a list of second transit users of the second transit system who have defaulted on payment;
- communicating the risk score for the user to the transit payment system;
- determining whether the user is a high risk by comparing the risk score to a predetermined risk threshold;
- and
- in response to a determination that the user is a high risk,
- requiring payment authorization from the user before the user exits the transit system;
- receiving payment authorization from the user from a point of sale device at an exit point of the transit system;
- communicating the payment authorization to a payment processor in communication with the transit payment system to initiate a payment transaction using the payment account of the user;
- and
- causing a gate at the exit point to be opened upon completion of the payment transaction.
11 more elements
A processor-readable non-transitory medium storing processor-issuable instructions configured to cause a processor to:
- receive information for a payment account of a user of a transit system from a reader provided at an entry point of the transit system, wherein the reader receives the information for the payment account from a payment device of the user, wherein the reader is in communication with a transit payment system;
- communicate the information for the payment account to a risk analysis processor via the transit payment system, wherein the risk analysis processor is in communication with a payment network and the risk analysis processor is configured to:
- communicate with the payment network to obtain data for one or more parameters;
- determine a risk score for the user by using at least the following parameters:
- cross border transactions involving the payment account of the user within a time period, a first deny list for the transit system, and a second deny list for a second transit system, wherein the first deny list includes a list of transit users of the transit system who have defaulted on payment, and wherein the second deny list includes a list of second transit users of the second transit system who have defaulted on payment;
- communicate the risk score for the user to the transit payment system;
- determine whether the user is a high risk by comparing the risk score to a predetermined risk threshold;
- and
- in response to a determination that the user is a high risk,
- require payment authorization from the user before the user exits the transit system;
- receive payment authorization from the user from a point of sale device at an exit point of the transit system;
- communicate the payment authorization to a payment processor in communication with the transit payment system to initiate a payment transaction using the payment account of the user;
- and
- cause a gate at the exit point to be opened upon completion of the payment transaction.
11 more elements
A system for obtaining payment using real-time risk based analysis, comprising:
- a transit payment system, wherein the transit payment system has a processor that is configured to:
- receive information for a payment account of a user of a transit system from a reader provided at an entry point of the transit system, wherein the reader receives the information for the payment account of the user from a payment device of the user, wherein the transit payment system is in communication with a risk analysis processor;
- communicate the information for the payment account to the risk analysis processor to calculate a risk score for the user, the risk analysis processor being configured to:
- communicate with a payment network to obtain data for one or more parameters;
- determine a risk score for the user by using at least the following parameters:
- cross border transactions involving the payment account of the user within a time period, a first deny list for the transit system, and a second deny list for a second transit system, wherein the first deny list includes a list of transit users of the transit system who have defaulted on payment, and wherein the second deny list includes a list of second transit users of the second transit system who have defaulted on payment;
- communicate the risk score for the user to the transit payment system;
- determine whether the user is a high risk by comparing the risk score to a predetermined risk threshold;
- in response to a determination that the user is a high risk,
- require payment authorization from the user before the user exits the transit system;
- receive payment authorization from the user from a point of sale device at an exit point of the transit system;
- communicate the payment authorization to a payment processor in communication with the transit payment system to initiate a payment transaction using the payment account of the user;
- and
- cause a gate at the exit point to be opened upon completion of the payment transaction.
11 more elements
Dependencies are inferred from the claim text.