Patent ID: 8082207
Filing Date: 2011-12-20
Classification: G06Q

Abstract:
1. A computer implemented method of validating a payment comprising: obtaining a first account identifier using a processor; accessing a database containing a plurality of account identifiers and a plurality of risk scores associated with the plurality of account identifiers, the risk scores relating to a risk that a legitimate account holder of a payment account has insufficient funds in the payment account for a payment based on a decision tree analysis including a default history of the legitimate account holder and at least one of a number of unpaid payments, a number of paid payments, a maximum number of days a payment has been unpaid, a number of days a most recent unpaid payment has remained unpaid, or a number identifier for an issued payment; obtaining from the database a first risk score associated with the first account identifier; comparing the first risk score with a risk threshold value; determining whether the payment is acceptable based on the comparison; and when the payment is acceptable, recording an acceptance of the payment using the processor.