Variable risk engine
AssigneeThe 41st Parameter, Inc.
InventorsDavid Britton, Ori Eisen, Raz Yalov
Life of this patent
Estimating the term…
Abstract
The indention provides systems and methods for risk assessment using a variable risk engine. A method for risk assessment may comprise setting an amount of real-time risk analysis for an online transactions performing the amount of real-time risk analysis based on the set amount, and performing an amount of time-delayed risk analysis. In some embodiments, the amount of real-time risk analysis may depend on a predetermined period of time for completion of the real-time risk analysis. In other embodiments, the amount of real-time risk analysis may depend on selected tests to be completed during the real-time risk analysis.
Claims19
1-20. (canceled)
A system for variable risk assessment for an online transaction, the system comprising:
- an institution server;
- and
- a device in communication with the institution server,
- wherein the institution server is configured to perform, with aid of a computer processor, a risk analysis of an online transaction with the device, and
- wherein the institution server:
- selects a plurality of tests associated with an online transaction conducted with the device;
- performs a first set of tests during the first stage of the online transaction;
- determines a presence of a transaction event for the online transaction, wherein the transaction event causes the first stage of the online transaction to complete;
- and
- performs a second set of tests during the second stage, wherein the second set of tests is executed in parallel with at least a portion of the first set of tests during the second stage.
A computerized method for performing variable risk assessment for an online transaction, the computerized method comprising:
- selecting a plurality of tests associated with an online transaction;
- performing a first set of tests during the first stage of the online transaction;
- determining a presence of a transaction event for the online transaction, wherein the transaction event causes the first stage of the online transaction to complete;
- and
- performing a second set of tests during the second stage, wherein the second set of tests is executed in parallel with at least a portion of the first set of tests during the second stage.
Non-transitory computer storage having stored thereon a computer program, the computer program including executable instructions that instruct a computer system to at least:
- select a plurality of tests associated with an online transaction;
- perform a first set of tests during the first stage of the online transaction;
- determine a presence of a transaction event for the online transaction, wherein the transaction event causes the first stage of the online transaction to complete;
- and
- perform a second set of tests during the second stage, wherein the second set of tests is executed in parallel with at least a portion of the first set of tests during the second stage.
Dependencies are inferred from the claim text.