Patent ID: 7685067
Filing Date: 2010-03-23
Classification: G06Q

Abstract:
1. A computer-implemented method of reducing e-commerce fraud, the method comprising: receiving a payment request at a computer system that implements a user-to-user funds transfer service, said payment request generated by a buyer via a web form of the computer system, and specifying a seller and a payment amount to transfer to the seller, said payment request being associated with a sales transaction between the buyer and the seller; in response to the payment request, performing an automated fraud check of at least said seller, said automated fraud check comprising an automated assessment of data associated with the seller, including data obtained from a third party not directly associated with the transaction, wherein performing the automatic fraud check comprises using a risk score to assess a risk associated with the transaction; when the automated fraud check produces an adverse indication, declining the payment request; and when the automated fraud check does not produce an adverse indication, processing the payment request by causing the payment amount to be transferred from the buyer to the seller.