METHOD FOR RISK MANAGEMENT BASED ON AGGREGATED INFORMATION FROM MULTIPLE PAYMENT NETWORKS WHILE MAINTAINING ANONYMITY OF USER

摘要

A system and method is provided for accessing data across networks and from mobile devices for providing fraud detection and risk management and that maintains anonymity of users. More particularly, a system and method implemented inside a payment server is provided that can access data across networks and from mobile devices, including encoded personally identifiable information (PII) data, and aggregate and analyze such data from multiple payment networks to generate a risk score that is sent to one or more payment networks for fraud detection and risk management, while maintaining anonymity of users.

主权项

1. A method for transaction risk reduction, comprising:
at a server with at least one processor and a memory, the memory storing one or more computer programs configured to be executed by the at least one processor,
receiving a request from a device, the request including payment card data and device data;generating aggregated data by retrieving stored information from one or more knowledge bases, each knowledge base being associated with a payment network supporting a particular type of payment card;computing a risk score based on the request and the aggregated data; andsending the risk score to a payment network corresponding to the request.