Roger Bernell Morrison

US Patent:

20090106151, Apr 23, 2009

Filed:

Oct 17, 2007

Appl. No.:

11/974987

Inventors:

Mark Allen Nelsen - Oakland CA, US
Nancy Therese Hilgers - Danville CA, US
Karl Newland - Pacifica CA, US
Frederick Liu - Oakland CA, US
Roger Paul Morrison - Menlo Park CA, US
Andrew Brendan Carpenter - Belmont CA, US
Sivakumar Seshappan - Fremont CA, US
Craig M. Kato - Foster City CA, US
Alan Scott - San Mateo CA, US

International Classification:

G06Q 40/00

US Classification:

705 44

Abstract:

A system, method, and computer-readable storage medium configured to import fraud prevention rules from an issuer and implement them in real-time at a payment processor. Usually, a card issuing bank either approves or declines financial transaction; however, in embodiments of the present invention, the issuing bank creates fraud prevention rules, and the payment processor implements the created rules. A payment processor apparatus comprises a network interface, and a verification engine. The verification engine includes a transaction driver, and a real time decisioning processor. The network interface is configured to receive a fraud prevention rule from a payment card issuing bank, and to receive a proposed financial transaction from an acquiring bank. The transaction driver receives the fraud prevention rule. The real time decisioning processor compares the proposed financial transaction from the acquirer and the fraud prevention rule to determine whether the proposed financial transaction should be declined.