INSTANT FUNDS AVAILABLITY RISK ASSESSMENT SYSTEM AND METHOD

摘要

A system and method for determining whether to accelerate the funding of a financial item presented by a holder of the item for payment. A first risk range value is calculated according to stored transaction history data associated with at least one attribute of the presented financial item and a second risk range value is calculated if the transaction does not meet the criteria of the calculated first risk range value.

主权项

1. A computer-implemented method of accelerating funding of a transaction with a financial institution, the method comprising:
electronically receiving first transaction information related to a presented financial item transacted between a holder of the financial item and a first financial institution; electronically invoking an eligibility process to determine if the presented transaction item is eligible for immediate funding; electronically creating an acceptable risk range value comprised of a pre-processed grade of prior holder transactions based on extracted and transformed transaction data stored in a data store; electronically comparing the acceptable risk range value with a value determined from an attribute of the presented transaction item; electronically creating and storing a secondary rating value based on financial institution transaction data for transactions occurring after the extraction and transformation of transaction data; electronically comparing the value determined from an attribute of the presented transaction item with the electronically retrieved secondary rating value; electronically notifying the holder of a status of accelerated availability of funds attributable to the present transaction item; electronically updating the pre-processed rating and secondary rating value to reflect the status of accelerated availability of funds; and electronically storing the updated pre-processed rating and secondary rating value.