主权项 |
1. A computer-implemented method for electronically processing payment transactions with merchant-specific fraud detection, comprising:
storing, in a merchant database device of a processing server, a plurality of merchant profiles, wherein each merchant profile includes data related to a corresponding merchant including at least a merchant identifier and a plurality of merchant-specific transaction data entries, and wherein each transaction data entry includes data related to a payment transaction involving the corresponding merchant including at least transaction data; receiving, by a receiving device of a processing server, an electronic authorization request for a payment transaction from a merchant computer system, wherein the electronic authorization request includes at least the merchant identifier associated with the merchant and transaction data; calculating, by a processing device of the processing server, a fraud score for the payment transaction based on application of one or more merchant-specific scoring algorithms to at least the transaction data included in the received electronic authorization request, said one or more merchant-specific scoring algorithms being based on at least the transaction data included in one or more transaction data entries included in the merchant profile; electronically transmitting, by a transmitting device of the processing server, at least the transaction data included in the received electronic authorization request and the calculated fraud score to the merchant computer system; receiving, by the receiving device of the processing server, an electronic notification from the merchant computer system indicating acceptance of risk for the payment transaction, and transmitting, by the transmitting device of the processing server, at least the electronic authorization request and the indication of merchant acceptance of risk, received from the merchant computer system, to a computer system of a card-issuing financial institution associated with a financial account involved in the payment transaction with the merchant computer system, wherein said computer system of the card-issuing financial institution approves or denies the electronic authorization request. |