Patent ID: 7689487

Claim:
A funds transfer system, comprising: a computer system that implements a funds transfer service; a web-based user interface hosted by the computer system, the web-based user interface including functionality for payers and payees to register with the funds transfer service, and including functionality for at least the payers to generate payment requests for initiating funds transfer transactions with payees; and a risk management system implemented by the computer system, said risk management system being responsive to a payment request generated by a payer for transferring funds to a payee by at least (1) performing an automated risk assessment of both the payer and the payee using information supplied by at least the payer and payee via said web-based user interface, wherein the automated risk assessment of the payee is based additionally on risk assessment scoring provided by a third party that is not directly associated with the requested transfer of funds, and (2) declining the payment request when the automated risk assessment produces an adverse indication.