US 7,610,261 B2Granted

System and method for acquisition, assimilation and storage of information

AssigneeAmerican Express Travel Related Services Company, Inc.

InventorsDonald M Maloche, Rao S Manepalli, Randy Mills, Ana Muniz, Mark Rutter

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Abstract

In accordance with the present invention, an improved data handling system facilitates the collection, storage and distribution of information for use by one or more recipient performing a process such as assessing the risk associated with a transaction. A system for handling information includes an administrator for facilitating communication with a subscriber and an information acquisition engine that is for facilitating communication with one or more provider of information and an information assimilator that is for facilitating communication with a database. The system is configured to facilitate receiving a request from the subscriber defining one or more set of information and one or more provider of information to be received by the information acquisition engine and combined by the information assimilator into an information suite to be stored in a database.

Claims16

Dependent claims

An improved system for facilitating collection, storage and distribution of information comprising:

a payment processor administrator configured to facilitate receiving from a subscriber an information acquisition request defining a selection parameter and a provider definition encoded within said information acquisition request, said payment processor administrator further configured to retrieve at least one of said selection parameter and said provider definition from payment processor parameter information, when said at least one of said selection parameter and said provider definition is not included in said information acquisition request , wherein said payment processor parameter information is derived from a payment processor;
a payment processor information assimilator configured to facilitate receiving information from an information acquisition engine, wherein said information acquisition engine retrieves said information from an information provider and, wherein said information is compared to corresponding payment processor internal information to verify the accuracy of said information if said corresponding payment processor internal information exists;
said information assimilator configured to combine said information into an information suite, wherein said information suite is configured to facilitate processing by a recipient to determine a risk associated with a transaction,
wherein said subscriber is configured to initiate a mitigation action responsive to said risk.

1 more element

A tangible computer readable medium having stored thereon, computer executable instructions that, if executed by a computing device, cause said computing device to perform a method for facilitating an assessment of risk associated with a transaction comprising:

receiving, at an information processing machine, an information acquisition request from a subscriber defining a selection parameter and an information provider definition encoded within said information acquisition request, wherein said information provider is at least one of an internal information provider and an external information provider, wherein said information processing machine comprises a processor, a memory, and data store;
retrieving, using said information processing machine, at least one of said selection parameter and said information provider definition from payment processor internal parameter information, when said at least one of said selection parameter and said information provider definition is not included in said information acquisition request, wherein said payment processor internal parameter information is derived from a payment processor;
retrieving information, using said information processing machine, from said information provider based on said information acquisition request;
comparing, using said information processing machine, said information to corresponding internal information to verify the accuracy of said information if said corresponding internal information exists;
integrating said information, using said information processing machine, to form an information suite;
assessing, using said information processing machine, risk associated with said transaction using said information suite, and
initiating, by said subscriber, a mitigation action responsive to said risk.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application: 11/932,348Filed 31 Oct 2007 · continuation
Priority: 31 May 2002
Published: US 2008/0065651 A113 Mar 2008
Granted: 27 Oct 2009
Term ends: Not estimatedThe source records don’t support an estimate.

Classification10 codes

G06Q 40/08
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: insurance
G06F 16/9535
Querying, e.g. by the use of web search engines: search customisation based on user profiles and personalisation
G06F 16/958
Retrieval from the web: organisation or management of web site content, e.g. publishing, maintaining pages or automatic linking
G06Q 20/102
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: bill distribution or payments

Family

Application10/160,583Parent of this continuation · filed 31 May 2002
US 2008/0065651 A1Pre-grant publication · published 13 Mar 2008
US 7,386,528 B2Parent of this continuation
US 2003/0225729 A1Published application
US 7,610,261 B2This patent

From the US filing history. Foreign family members aren’t listed.

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