Patent Document ID: 7653590
Application ID: 10047917
Patent Flag: 1

Claim One:
1. A system for re-evaluating risk in financial transactions, the system comprising at least one memory for storing data and computer-executable instructions, and at least one processor configured to access the at least one memory and further configured to execute the computer-executable instructions the system further comprising: a risk scoring engine, comprising a plurality of risk scoring models, that evaluates, by the at least one processor, risk in an original financial transaction wherein a customer is attempting to pay for vendibles using a promissory payment and wherein the risk scoring engine uses a first scoring model to assess the risk of the original financial transaction based on first transaction variables and provides a first signal to the point of sale indicating that the promissory payment by the customer in the original financial transaction be declined when the risk exceeds a pre-selected threshold; a decision overturn scoring engine, comprising a plurality of overturn scoring models, that, upon a decline, evaluates, by the at least one processor, the risk of overturning the decline using a second scoring model from the plurality of overturn scoring models, wherein the overturn scoring engine classifies the risk of overturning the original decline based on one or more second transaction variables, the second transaction variables including at least a second transaction variable indicative of a request to overturn the decline, and provides an overturn classification signal indicative thereof of the risk of overturning the original decline; and a customer service module that receives, by the at least one processor, the overturn classification signal from the overturn scoring engine and provides the signal to a customer service representative such that when and if the customer service representative receives a request from a customer to overturn the decline of promissory payment in the original transaction, the customer service representative utilizes the overturn classification signal to decide whether to overturn the original decline.