Visa Inc.
SYSTEM, METHOD, AND APPARATUS FOR MULTI-STAGED RISK SCORING

Abstract:

Provided is a system, method, and apparatus for multi-staged risk scoring. The system includes at least one processor programmed or configured to receive a transaction request message including transaction data, generate a first risk score based at least partially on a first algorithm and a first set of data, determine if the first risk score satisfies a first threshold, in response to determining that the first risk score satisfies the first threshold, process the transaction, in response to determining that the first risk score does not satisfy the first threshold, generate a second risk score based at least partially on a second algorithm and a second set of data different than the first set of data, determine if the second risk score satisfies a second threshold, in response to determining that the second risk score satisfies the second threshold, process the transaction.