Patent ID: 8732084
Filing Date: 2014-05-20
Classification: G06Q

Abstract:
1. A method of evaluating a risk from conducting business with an individual, the method comprising: receiving, at a processor of a custodian system, identity information related to the individual, the identity information including information from an identity credential presented by the individual; validating, with the processor of the custodian system, the identity credential based on the information from the identity credential and a plurality of positive databases maintained by the custodian system; verifying, with the processor of the custodian system, an identity of the individual based on the identity information and the plurality of positive databases; screening, with the processor of the custodian system, the individual against a plurality of negative databases maintained by the custodian system based on the identity information for entries related to the individual and indicating past transactions with one or more entities, and wherein screening is further based on one or more screening criteria maintained by the custodian system and provided to the custodian system by an entity considering doing business with the individual; generating, with the processor of the custodian system, a score based on the validation of the identity credential, the verification of the identity of the individual, and the screening of the individual, wherein the score represents an amount of risk posed by the individual to the entity considering doing business with the individual; and reporting, from the processor of the custodian system, a response based on the generated score to the entity considering doing business with the individual.