Systems and methods for risk based decisioning

A risk-based decisioning system for creating an assurance level based on authentication data attributes, said system comprising a merchant computer device coupled to a payment network, said computer device configured to:

• transmit an authentication request from the merchant computer device to the payment network when a cardholder interacting with a merchant website is attempting to perform activities inconsistent with at least one of a transaction history of the cardholder and a profile of the cardholder, the authentication request being separate from an authorization request;
• receive, from the payment network, a response that indicates a trustworthiness of the cardholder;
• perform a secondary authentication evaluation that generates a merchant assessment of the trustworthiness of the cardholder based on the secondary authentication evaluation;
• transmit an authorization request onto the payment network if the generated merchant assessment of trustworthiness indicates the cardholder is trustworthy;
• receive an authorization approval or denial based at least partially on the generated merchant assessment of trustworthiness;
• and
• complete the financial transaction based on the received authorization approval or denial.

One or more 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:

• receive an authentication request from a sender, the authentication request associated with the financial transaction and including interaction data relating to a cardholder interaction with the sender;
• transmit an authentication response to the sender, the authentication response including results of an authentication routine performed by the computer device using the received interaction data and historical transaction data of the cardholder;
• receive an authorization request associated with the financial transaction from the sender, the authorization request including a fraud risk assessment of the financial transaction provided by the sender using the authentication response, the authorization request including one or more reason codes associated with the fraud risk assessment;
• and
• transmit the received authorization request to an issuer associated with the cardholder.