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US 2019/0197503 A1Published application
Release of funds based on criteria
AssigneePaypal, Inc.
InventorsKevin John Yu, Joseph Chong, Alan Tien
Life of this patent
Estimating the term…
Abstract
A method and system to transfer payment to a seller of a network-based commerce transaction are described herein. The method includes generating a risk model based on seller-specific criteria, and releasing funds from a holding account to the seller based on the risk model.
Claims20
A method of reducing risk associated with a current network-based transaction on a network-based commerce system, the method comprising:
- during processing of a payment transaction of the current network-based transaction:
- performing a risk evaluation using a scoring algorithm, the risk evaluation being configured to assess potential risks of the current network-based transaction based at least partially on retrieved data that is specific to a seller and that is accumulated as the seller performs network-based transactions;
- generating a risk response based on the risk evaluation, the risk response including information indicating a restriction related to the current network-based transaction, a processing requirement related to the current network-based transaction, and a timing determination for release of a portion of funds from a holding account;
- dynamically updating the timing determination of the risk response based on transactional behaviors of the seller that are based on traced network-based transactions of the seller;
- and
- determining a timing restriction of a payment of at least the portion of funds based on the risk response and the updated determined timing;
- and
- restricting payment of at least the portion of the funds according to the timing restriction.
5 more elements
A computer system comprising:
- one or more hardware processors;
- and
- one or more non-transitory machine-readable media storing instructions that, in response to being executed by the one or more hardware processors, cause the one or more hardware processors to perform operations to reduce a risk associated with a current network-based transaction, the operations comprising:
- tracing additional network-based transactions in a network-based commerce system of a seller;
- determining a velocity of the traced additional network-based transactions, the velocity including data indicative of a volume of trade on the network-based commerce system;
- during processing of a payment transaction of the current network-based transaction:
- performing a risk evaluation using a scoring algorithm, the risk evaluation being configured to assess potential risks of the current network-based transaction and being based on retrieved data that is specific to the seller and that is accumulated as the seller performs network-based transactions;
- determining timing for release of a portion of funds from a holding account based on the risk evaluation;
- dynamically updating the determined timing based at least partially on the velocity of the traced additional network-based transactions;
- and
- determining a timing restriction of a payment of at least the portion of funds based on the risk evaluation and the updated determined timing;
- and
- restricting payment of at least the portion of the funds according to the timing restriction.
10 more elements
A method of reducing a risk associated with a current network-based transaction, the method comprising:
- tracing additional network-based transactions in a network-based commerce system of a seller;
- determining a velocity of the traced additional network-based transactions, the velocity including data indicative of a volume of trade on the network-based commerce system;
- during processing of a payment transaction of the current network-based transaction:
- performing a risk evaluation using a scoring algorithm, the risk evaluation being configured to assess potential risks of the current network-based transaction and being based on retrieved data that is specific to the seller and that is accumulated as the seller performs network-based transactions;
- determining timing for release of a portion of funds from a holding account based on the risk evaluation;
- dynamically updating the determined timing based at least partially on the velocity of the traced additional network-based transactions;
- and
- determining a timing restriction of a payment of at least the portion of funds based on the risk evaluation and the updated determined timing;
- and
- restricting payment of at least the portion of the funds according to the timing restriction.
7 more elements
Dependencies are inferred from the claim text.