System, method, and apparatus for multi-staged risk scoring

A computer program product for multi-staged risk scoring, comprising at least one non-transitory computer readable medium including program instructions that, when executed by at least one processor, cause the at least one processor to:

• receive a transaction request message comprising transaction data;
• generate a first risk score based at least partially on a first algorithm and a first set of data;
• determine if the first risk score satisfies a first threshold;
• in response to determining that the first risk score satisfies the first threshold, process the transaction;
• in response to determining that the first risk score does not satisfy the first threshold, generate a second risk score based at least partially on a second algorithm and a second set of data different than the first set of data;
• determine if the second risk score satisfies a second threshold;
• and
• in response to determining that the second risk score satisfies the second threshold, process the transaction.

A computer-implemented method for multi-staged risk scoring, comprising:

• receiving a transaction request message comprising transaction data;
• generating a first risk score based at least partially on a first algorithm and a first set of data;
• determining if the first risk score satisfies a first threshold;
• in response to determining that the first risk score does not satisfy the first threshold, generating a second risk score based at least partially on a second algorithm and a second set of data different than the first set of data;
• determining if the second risk score satisfies a second threshold;
• and
• in response to determining that the second risk score satisfies the second threshold or a subsequent risk score satisfies a subsequent threshold, processing the transaction.