Generating peer-to-peer transaction risk ratings

A computer program product, comprising:

• a non-transitory computer-readable storage device having computer-executable program instructions embodied thereon that when executed by a computer generates a transaction risk rating, the computer-executable program instructions comprising:
• computer-executable program instructions for receiving a request to generate a risk rating for a proposed peer-to-peer financial transaction, the request comprising information regarding at least a payment amount for the financial transaction and information identifying a payor for the financial transaction;
• computer-executable program instructions for identifying information associated with a plurality of previous peer-to-peer transactions of the payor;
• computer-executable program instructions for identifying one or more of the previous peer-to-peer transactions that are related to the proposed transaction based on one or more factors comprising the information in the request, wherein the one or more of the previous peer-to-peer transactions are identified as being related to the proposed transaction if the proposed transaction and the one or more previous transactions comprise one or more of a similar transaction counter-party, a similar merchant location, a similar transaction value, and a similar product being purchased;
• computer-executable program instructions for assigning a score to each of the related peer-to-peer transactions, the score being based on one or more factors comprising a determination of a level of success of each of the related peer-to-peer transactions;
• computer-executable program instructions for determining the risk rating for the proposed transaction based on the scores assigned to the transactions related to the proposed transaction;
• and
• computer-executable program instructions for providing the risk rating of the proposed transaction to a computing device of a payee for display.

A system for generating a transaction risk rating, the apparatus comprising:

• a storage resource;
• a network module;
• and
• a processor communicatively coupled to the storage resource and the network module, wherein the processor executes application code instructions that are stored in the storage resource and that cause the system to:
• receiving from a user computing device of a payee a request to generate a risk rating for a proposed peer-to-peer financial transaction between a payor and the payee, the request comprising information regarding at least a payment amount for the financial transaction and information identifying the payor for the financial transaction;
• identifying information associated with a plurality of previous peer-to-peer transactions of the payor;
• identifying one or more of the previous peer-to-peer transactions that are related to the proposed transaction based on one or more factors comprising the information in the request;
• assigning a score to each of the related peer-to-peer transactions, the score being based on one or more factors comprising a determination of a level of success of each of the related peer-to-peer transactions, wherein the determination of the risk rating for the proposed transaction is based on the scores assigned to the transactions related to the proposed transaction is calculated by a weighted average of the scores assigned to the transactions related to the proposed transaction, wherein transactions that have a greater number of similar features to the proposed transaction are weighted more heavily in the weighted average compared to transaction that are less similar to the proposed transaction;
• determining the risk rating for the proposed transaction based on the scores assigned to the transactions related to the proposed transaction;
• and
• providing the risk rating of the proposed financial transaction to the user computing device of the payee for display via the user computing device of the payee.