Systems and method for screening payment transactions

Methods and systems for anti money laundering screening are provided. The method includes determining a risk score and a first validation code associated with the risk score, based on information related to a funds transfer transaction and independently calculating a second validation code and compa...

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Main Authors Tullis, John, Norris, Mark, Shastry, Vishwanath, Kennedy, Kate J, Chace, Justin Mason, French, Susan
Format Patent
LanguageEnglish
Published 01.05.2012
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Abstract Methods and systems for anti money laundering screening are provided. The method includes determining a risk score and a first validation code associated with the risk score, based on information related to a funds transfer transaction and independently calculating a second validation code and comparing with the first validation code. The method further includes including the risk score and the validation score in a payment authorization message. The receiving financial entity accepts or denies the incoming funds transfer based on the risk score included in the payment authorization message.
AbstractList Methods and systems for anti money laundering screening are provided. The method includes determining a risk score and a first validation code associated with the risk score, based on information related to a funds transfer transaction and independently calculating a second validation code and comparing with the first validation code. The method further includes including the risk score and the validation score in a payment authorization message. The receiving financial entity accepts or denies the incoming funds transfer based on the risk score included in the payment authorization message.
Author Norris, Mark
Chace, Justin Mason
Tullis, John
Kennedy, Kate J
Shastry, Vishwanath
French, Susan
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