Patent ID: 8554631

Claim:
An automated computer implemented method for determining authorization for a point of sale transaction, wherein the method is executed by a programmed computer processor which communicates with a user via a communication network, the method comprising the steps of: receiving, via an interface, a point of sale authorization request for a transaction from a customer at a merchant, via a communication network; accessing, via a profile module comprising at least one computer processor, profile data associated with the customer and an account associated with the customer, wherein the profile data comprises geographic data associated with the customer, the merchant and a card product associated with the customer and risk assessment relevant to a corresponding geographic location; accessing, via the profile module, merchant profile data associated with the merchant involved in the transaction; applying, via a rules module comprising at least one computer processor, one or more rules to the authorization request wherein the one or more rules comprises credit rules and fraud rules wherein the fraud rules use the geographic data to identify potential fraud; applying, via a scoring module comprising at least one computer processor, one or more scoring algorithm to the authorization request wherein the one or more scoring algorithm indicates an assessment of risk; determining an authorization response, via a decision engine comprising at least one computer processor, based at least in part on a combination of profile data, the one or more applied rules and the one or more applied scoring algorithms; and providing the authorization response for the transaction via the communication network.