Leveraging a network "positive card" list to inform risk management decisions
AssigneeMastercard International Incorporated
InventorsJennifer Dogin, Richard A. Rozbicki
Life of this patent
Estimating the term…
Abstract
A plurality of bank identification number (BIN) ranges are characterized according to credit risk. A list of the plurality of bank identification number (BIN) ranges characterized by credit risk is made available to a transit-specific payment network interface processor, which is coupled to a plurality of memory-constrained fare gates of a transit authority. The list is configured to be distributed to the memory-constrained fare gates of the transit authority. Advantageously, the list based on BIN ranges takes up less memory than a list based on individual account numbers or the like and can be maintained in memory at the memory-constrained fare gates for rapid decisioning.
Claims28
A method comprising:
- characterizing a plurality of bank identification number (BIN) ranges according to credit risk;
- and
- making available, to a transit-specific payment network interface processor coupled to a plurality of memory-constrained fare gates of a transit authority, a list of said plurality of bank identification number (BIN) ranges characterized by credit risk, said list being configured to be distributed to said memory-constrained fare gates of said transit authority.
A method comprising:
- characterizing a plurality of token BIN ranges according to credit risk;
- and
- encoding, in at least one of:
- corresponding tokens;
- and
- data items related to said corresponding tokens;
- data indicative of said credit risk.
A method comprising:
- obtaining, at a transit-specific payment network interface processor coupled to a plurality of memory-constrained fare gates of a transit authority, from another party, a list of a plurality of bank identification number (BIN) ranges characterized by credit risk;
- distributing said list to said memory-constrained fare gates of said transit authority;
- obtaining, by said transit authority, from a prospective passenger, at a given one of said memory-constrained fare gates, an indication of a bank identification number (BIN) range;
- and
- making a real-time access decision for said prospective passenger based on looking up said bank identification number (BIN) range in said list.
A method comprising:
- obtaining, by a transit authority, from a prospective passenger, an electronic token, wherein at least one of said electronic token and a data item related to said electronic token and obtained therewith, includes data, from another party, indicative of a credit risk of a token BIN range corresponding to said electronic token;
- and
- making a real-time access decision for said prospective passenger based on said data indicative of said credit risk of said token BIN range corresponding to said electronic token.
A method comprising:
- obtaining, at a transit-specific payment network interface processor coupled to a plurality of fare gates of a transit authority, from another party, a list of a plurality of payment account reference (PAR) numbers characterized by credit risk;
- obtaining, by said transit authority, from a prospective passenger, at a given one of said fare gates, an electronic token and a corresponding given one of said plurality of payment account reference (PAR) numbers, without an underlying primary account number (PAN), and wherein said electronic token and said given one of said plurality of payment account reference (PAR) numbers cannot be linked to said underlying primary account number (PAN) by said transit authority;
- and
- making a real-time access decision for said prospective passenger based on looking up said payment account reference (PAR) in said list.
Dependencies are inferred from the claim text.