Patent ID: 9361597
Filing Date: 2016-06-07
CPC Classification: G06Q,H04L,H04M

Claim Text:
1. A computerized method for variable risk assessment comprising: accessing a set of rules for performing a real-time risk analysis on an online transaction in process; accessing electronic information associated with the online transaction; identifying one or more characteristics of the online transaction based at least in part on the electronic information; determining, using a computer processor, a time limit for the real-time risk analysis based at least in part on the set of rules or the one or more characteristics of the online transaction; selecting a first set of tests for the real-time risk analysis based at least in part on the one or more characteristics of the online transaction to aid in assessing a risk of fraud for the online transaction, wherein the first set of tests is associated with an expected execution time that may be longer than the time limit; selecting a second set of tests for the time-delayed risk analysis for the online transaction, the second set of tests to be completed after termination of the online transaction and to aid in assessing the risk of fraud for the online transaction; performing, using the computer processor, the first set of tests for the real-time risk analysis while the online transaction is in process until the time limit is met; performing, using the computer processor, the second set of tests for the time-delayed risk analysis, wherein the time-delayed risk analysis is completed after the termination of the online transaction, and wherein performing the second set of tests comprises performing any remaining testing of the first set of tests if performing the first set of tests resulted in an execution time longer than the time limit; and assessing overall risk of fraud for the online transaction based on the first set of tests for the real-time risk analysis and the second set of tests for the time-delayed risk analysis.