Patent ID: 7809650

Claim:
A system for processing authorization requests for transactions, comprising: a client device of a first party configured to issue a plurality of authorization requests, each authorization request corresponding to a transaction of an account; and an in-flight model component configured to: receive at least a subset of prior profiling information at a first predetermined time to update current profiling information of the account, receive each authorization request and respectively generate an authorization message at a non-predetermined time after the first predetermined time, the authorization message being at least partially based on the current profiling information, forward the authorization message to a first party responsible for deciding the authorization request, capture a decision made by the first party with respect to the authorization request, forward the decision to the client device for further action by a second party, and receive at least a subset of new profiling information at a second predetermined time after the first and non-predetermined times to update the current profiling information; wherein the authorization message comprises a risk indicator; wherein the authorization message is generated in real-time; and wherein all or substantially all authorization requests issued by the client device are captured and processed by the in-flight model component in real-time, wherein the first party includes an issuer, and wherein the second party includes a merchant, wherein the system further comprises an offline component configured to: generate the prior profiling information, and send at least the subset of the prior profiling information to the in-flight model component at the first predetermined time, receive the authorization request, transactional information relating to the transaction, and information relating to the decision made by the first party, generate the new profiling information based on the authorization request, the transactional information, and the information relating to the decision, and forward at least the subset of the new profiling information to the in-flight model component at the second predetermined time, wherein the in-flight model component uses at least the subset of the new profiling information forwarded by the offline component to generate future authorization messages, wherein the in-flight model component is further configured to use short-term historical information relating to a plurality of most recent transactions of the account, the most recent transactions being performed after the first predetermined time and before the non-predetermined time; and wherein the short-term historical information relating to the plurality of the most recent transactions was not considered by the offline component to generate the prior profiling information.