Systems and methods for providing risk based decisioning service to a merchant

A computer-based method for providing risk-based decisioning to a merchant during payment card transactions, the method implemented using a computer device including a processor and a memory, said method comprising:

• (a) receiving, transaction data associated with a payment card transaction, wherein the payment card transaction includes a suspect consumer presenting a payment card from a digital wallet of a privileged cardholder;
• (b) computing a risk score for the payment card transaction based at least in part on the transaction data and infrastructure data associated with the payment card transaction;
• (c) transmitting an indication of acceptable risk to the merchant if the risk score satisfies a first pre-defined threshold;
• and
• (d) initiating an authentication challenge of the suspect consumer if the risk score satisfies a second pre-defined threshold.

At least one non-transitory computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor, the computer-executable instructions cause the processor to:

• (a) receive, from the merchant, transaction data associated with a payment card transaction, wherein the payment card transaction includes a suspect consumer presenting a payment card from a digital wallet of a privileged cardholder;
• (b) compute a risk score for the payment card transaction based at least in part on the transaction data and infrastructure data associated with the payment card transaction;
• (c) transmit an indication of acceptable risk to the merchant if the risk score satisfies a first pre-defined threshold;
• and
• (d) initiate an authentication challenge of the suspect consumer if the risk score satisfies a second pre-defined threshold.