Patent ID: 8857710
Filing Date: 2014-10-14
Classification: G06Q

Abstract:
1. A non-transitory computer readable medium embodying one or more instructions executable by a computer to perform a method for presenting data to a merchant related to risk associated with the merchant accepting payment by a transaction card tendered by a consumer, the method being performed by a computer in communication with a mobile communication device of the merchant operable to accept payment from the consumer, the method comprising: receiving, through a network, data transmitted by the mobile communication device of the merchant, the data being related to a transaction card tendered by the consumer to pay for a good or a service provided by the merchant; retrieving a risk indicator from a database based at least in part upon the received transaction card data, the risk indicator representing risk associated with the merchant accepting payment from the consumer using the transaction card; and transmitting the risk indicator to the mobile communication device in real-time during the transaction before the transaction has been completed to permit the merchant to decide whether to accept payment from the consumer using the transaction card based at least in part upon the risk indicator.