Patent ID: 7620592
Filing Date: 2009-11-17
Classification: G06Q

Abstract:
1. A computer implemented method for identifying merchant risk, the method comprising: collecting, by a host computer, data elements for a plurality of merchants; automatically performing, by the host computer, a first level process using the data elements so as to identify a first subset of merchants for review; storing results of the first level process including a list of the first subset of merchants in a database that is in communication with the host computer; automatically performing, by the database, a second level process so as to collect additional information for the first subset of merchants; automatically performing, by the database, a third level process using the first subset of merchants and the additional information so as to identify a second subset of merchants from the first subset of merchants requiring additional processing, wherein the data elements used in the first level process and the additional information used in the third level process indicate that a merchant included in the second subset of merchants is at risk of not being in a financial position to fund chargebacks associated with that merchant; and transmitting, from the database, results of the third level process associated with at least one of the second subset of merchants to at least one workstation for further review.