Methods and systems for screening electronic money transfer transactions

A screening payment network for processing a money transfer transaction initiated by a payor, the screening payment network comprising:

• a server computing device including a memory and a processor coupled to the memory;
• and
• a screening module coupled to the server computing device, the screening module configured to:
• receive a request to transfer funds from a payor account associated with an originating institution to a payee account associated with a receiving institution, the request including money transfer data indicative of at least one of a payor's identifying information, a payment amount, and a payee account identifier;
• determine a sanction score based at least in part on the money transfer data, the sanction score indicative of the likelihood that the payor is on at least one sanctioned entity list;
• transmit the money transfer data and the sanction score to the receiving institution;
• and
• transmit a response message to the originating institution, the response message indicating whether the receiving institution authorizes or denies the request to transfer the funds.

A computer readable medium having computer-executable instructions for processing a money transfer transaction embodied thereon, wherein, when executed by at least one processor, cause the at least one processor to:

• receive a request to transfer funds from a payor account associated with an originating institution to a payee account associated with a receiving institution, the request including money transfer data indicative of at least one of a payor's identifying information, a payment amount, and a payee account identifier;
• determine a sanction score based at least in part on the money transfer data, the sanction score indicative of the likelihood that a payor is on at least one sanctioned entity list;
• transmit the money transfer data and the sanction score to the receiving institution;
• and
• transmit a response message to the originating institution, the response message indicating whether the receiving institution authorizes or denies the request to transfer the funds.