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US 2016/0104132 A1Published application
Performing risk checks for electronic remittances
AssigneeFacebook, Inc.
InventorsPierpaolo Abbatiello, Lauren Beth Tucker, Stephen Moore Davis
Life of this patent
Estimating the term…
Abstract
One or more embodiments described herein include methods and systems for remitting funds via a social networking system. More specifically, systems and methods described herein provide users the ability to remit funds to co-users utilizing social network profiles and notifications. Additionally, systems and methods described herein determine one or more risk levels for a remittance request based on a variety of social network factors.
Claims20
A method comprising:
- receiving a request, from a sender, to electronically transfer funds to a recipient, wherein the sender and the recipient are associated via a social network;
- accessing information from the social network about one or more of the sender, the recipient, or a relationship between the sender and the recipient;
- calculating, by at least one processor, a risk level associated with the request to transfer funds based on the information from the social network;
- if the identified risk level is below a predetermined threshold, proceeding with the request to electronically transfer funds to the recipient;
- and
- if the identified risk level is above the predetermined threshold, canceling the request to electronically transfer funds to the recipient.
3 more elements
A method comprising:
- receiving a request, from a sender, to electronically remit funds;
- calculating, by at least one processor, a first risk level associated with the sender to remit funds;
- based on the first risk level associated with the sender being below a first predetermined threshold, providing a list of potential recipients of the funds;
- receiving a selection of a recipient from the list of potential recipients;
- calculating a relationship coefficient representative of a relationship between the sender and the selected recipient;
- determining, by the at least one processor, a second risk level for the request to electronically remit funds based on the identified relationship coefficient between the sender and the selected recipient;
- if the second risk level is below a second predetermined threshold, proceeding with the request to electronically remit funds to the recipient;
- and
- if the second risk level is above the second predetermined threshold, canceling the request to electronically remit funds to the selected recipient.
6 more elements
A system comprising:
- at least one processor;
- and
- at least one non-transitory computer-readable storage medium storing instructions thereon that, when executed by the at least one processor, cause the system to:
- receive a request, from a sender, to electronically transfer funds to a recipient, wherein the sender and the recipient are associated via a social network;
- access information from the social network about one or more of the sender, the recipient, or a relationship between the sender and the recipient;
- calculate a first risk level associated with the request to transfer funds based on the information from the social network;
- if the identified risk level is below a predetermined threshold, proceed with the request to electronically transfer funds to the recipient;
- and
- if the identified risk is above the predetermined threshold, cancel the request to electronically transfer funds to the recipient.
6 more elements
Dependencies are inferred from the claim text.