Real-time risk based payment decision service for transit system
AssigneeVisa International Service Association
InventorsSyam Sasidharan Nair, Francois Hribovsek
Life of this patent
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Abstract
Information for a payment account of a user of a transit system may be received. A risk analysis may be performed using the information for the payment account based on one or more parameters to determine a risk score for the user. The risk score for the user may be provided to a transit payment system. Whether the user is a high risk based on the risk score may be determined. If the user is a high risk, payment or payment authorization from the user via the transit payment system may be required before the user exits the transit system.
Claims20
A computer-implemented method for obtaining payment using real-time risk based analysis:
- receiving information for a payment account of a user of a transit system;
- performing a risk analysis using the information for the payment account based on one or more parameters to determine a risk score for the user;
- providing the risk score for the user to a transit payment system;
- determining whether the user is a high risk based on the risk score;
- and
- in response to a determination that the user is a high risk,
- requiring payment or payment authorization from the user via the transit payment system before the user exits the transit system.
A processor-readable non-transitory medium storing processor-issuable instructions configured to cause a processor to:
- receive information for a payment account of a user of a transit system;
- perform a risk analysis using the information for the payment account based on one or more parameters to determine a risk score for the user;
- provide the risk score for the user to a transit payment system;
- and
- determine whether the user is a high risk based on the risk score;
- in response to a determination that the user is a high risk,
- require payment or payment authorization from the user via the transit payment system before the user exits the transit system.
A system for obtaining payment using real-time risk based analysis, comprising:
- a transit payment system, wherein the transit payment system is configured to process payment transactions;
- a processor in communication with the transit payment system, wherein the processor is configured to:
- receive information for a payment account of a user of a transit system;
- perform a risk analysis using the information for the payment account based on one or more parameters to determine a risk score for the user;
- provide the risk score for the user to the transit payment system;
- and
- determine whether the user is a high risk based on the risk score;
- in response to a determination that the user is a high risk,
- require payment or payment authorization from the user via the transit payment system before the user exits the transit system.
Dependencies are inferred from the claim text.