Patent ID: 6658393
Filing Date: 2003-12-02
Classification: G06Q,G07F

Abstract:
A computer-implemented method for predicting financial risk, the computer-implemented method comprising:receiving data inputs on a first computing system, the data inputs are received from at least one second computing system that is separate from the first computing system, the data inputs including historical data associated with at least a first account issued to an account owner, the historical data including historical transaction information for the, first account; generating a predictive model, the predictive model being based on at least the historical data; receiving a current transaction authorization request associated with the first account, the current transaction authorization request being received on the first computing system; generating a risk score, the risk score is generated by applying the predictive model to data associated with the current transaction authorization request; and causing the current transaction authorization request to be denied when the risk score indicates an unacceptable level of risk; wherein the data inputs further include performance data, the performance data being at least partially indicative of past fraudulent activities associated with the first account and at least one other account held by the account owner.