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US7685067: Computer-assisted funds transfer system

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Filing Information

Inventor(s) Mark J. Britto · Aimee K. Cardwell · FuMing Young · Nicholas K. Peddy · Adrian J. Blakey · Angela C. Lee · Erich L. Ringewald ·
Assignee(s) Amazon.com, Inc. ·
Attorney/Agent(s) Knobbe, Martens, Olson & Bear LLP ·
Primary Examiner Daniel S Felten ·
Application Number US9312028
Filing date 05/14/1999
Issue date 03/23/2010
Predicted expiration date 05/14/2019
U.S. Classifications 705/40  · 235/379  · 705/39  · 705/37  ·
International Classifications G06Q4000  ·
Kind CodeB1
25 Claims, 7 Drawings


Abstract

A payment request associated with a transfer of funds is received and a risk management assessment for both sides thereof is performed. If the risk management assessment procedure produces an adverse indication, the payment request is declined. Otherwise, the payment request may be processed for delivery of a payment associated therewith. The risk management assessment may be performed on the basis of credit/authentication information derived from customer information received with (or even prior to) the payment request. Such customer information may include credit card account information and/or bank account information (e.g., checking account) information. In some cases, the risk management assessment may include an automated component and a manual (non-automated) component. Such a manual component may be needed where the automated component of the risk management assessment provides suspect information regarding one of the parties to the transaction. Where the payment request is processed for delivery of the payment, such processing may include submitting a payment authorization request, and, upon receiving a settlement indication regarding that payment authorization request, transmitting the payment. In some cases, the payment may be transmitted as a check, while in others it may be transmitted as a money order or instruction to have funds automatically deposited in an account.

Independent Claims | See all claims (25)

  1. 1. A computer-implemented method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction, wherein performing the automatic fraud check comprises using a risk score to assess a risk associated with the transaction; when the automated fraud check produces an adverse indication, declining the payment request; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller.
  2. 4. A computer-implemented method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction, wherein the third party is a credit bureau, and performing the automated fraud check comprises requesting credit information of the seller from the credit bureau; when the automated fraud check produces an adverse indication, declining the payment request; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller.
  3. 8. A computer-implemented method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction; when the automated fraud check produces an adverse indication, declining the payment request; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller; wherein the method comprises responding to the payment request by sending an electronic request for information to the seller, and using information returned by the seller in response to the request to perform the automated fraud check.
  4. 11. A computer-implemented method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction; when the automated fraud check produces an adverse indication, declining the payment request and initiating a manual review by a human risk management assessor; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller.
  5. 15. A computer-readable medium having stored thereon a computer program which embodies a method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction, wherein performing the automatic fraud check comprises using a risk score to assess a risk associated with the transaction; when the automated fraud check produces an adverse indication, declining the payment request; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller.
  6. 20. A computer-readable medium having stored thereon a computer program which embodies a method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller, wherein the payment request includes an auction identifier associated with the payment request; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction; when the automated fraud check produces an adverse indication, declining the payment request; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller.

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Foreign Patent Documents

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Other Publications

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Patent Family

The current document is not in a family.