Boris B Belyi

US Patent:

7593895, Sep 22, 2009

Filed:

Oct 23, 2007

Appl. No.:

11/877061

Inventors:

Boris Belyi - Houston TX, US

Assignee:

First Data Corporation - Greenwood Village CO

International Classification:

G06Q 40/00

US Classification:

705 38, 705 35, 705 36 R

Abstract:

A risk assessment system that performs a risk assessment of a financial transaction. The risk assessment system incorporates a profitability assessment scoring model that evaluates whether to approve or decline a financial transaction based on the potential profit or loss that can be generated by the transaction for the guarantor or merchant. The profitability scoring model uses an algorithm that is formulated to calculate a profitability score based on variables that have a direct correlation to the overall profit or loss of the transaction. The scoring model takes into consideration variables such as the per check fee charged, probability of collection, and collection fee. The risk assessment system determines whether to approve or decline a transaction based on the potential profit or loss that can be generated by the transaction.

US Patent:

20030233325, Dec 18, 2003

Filed:

Jun 18, 2002

Appl. No.:

10/175342

Inventors:

Boris Belyi - Houston TX, US

International Classification:

G06F017/60

US Classification:

705/042000, 705/035000

Abstract:

A risk assessment system that performs a risk assessment of a financial transaction. The risk assessment system incorporates a profitability assessment scoring model that evaluates whether to approve or decline a financial transaction based on the potential profit or loss that can be generated by the transaction for the guarantor or merchant. The profitability scoring model uses an algorithm that is formulated to calculate a profitability score based on variables that have a direct correlation to the overall profit or loss of the transaction. The scoring model takes into consideration variables such as the per check fee charged, probability of collection, and collection fee. The risk assessment system determines whether to approve or decline a transaction based on the potential profit or loss that can be generated by the transaction.

US Patent:

20050080716, Apr 14, 2005

Filed:

Sep 25, 2003

Appl. No.:

10/671000

Inventors:

Boris Belyi - Houston TX, US
Sharat Shankar - Littleton CO, US

International Classification:

G06F017/60

US Classification:

705038000

Abstract:

A risk system that performs a risk assessment of a financial transaction to obtain a risk score. Based on the risk score, the risk system may request additional transaction information from a customer and/or a merchant. The request is based at least in part on financial transactions that are of moderate risk to thereby provide a non-cash payment acceptance service with more information to further evaluate the financial transaction risks. Thus, moderately risky financial transactions, that are likely to benefit the non-cash payment acceptance service and the merchant that subscribes to the non-cash payment acceptance service, are authorized for increased profitability and customer satisfaction. Furthermore, the risk system may approve or authorize financial transactions that generally fail standard risk assessments that use a cut-off risk score to divide the financial transactions into either approved or declined groups. As a result, the risk system is capable of re-evaluating some of the moderate risk cases for the purpose of securing beneficial financial transactions.

US Patent:

20050080717, Apr 14, 2005

Filed:

Sep 25, 2003

Appl. No.:

10/671001

Inventors:

Boris Belyi - Houston TX, US
Sharat Shankar - Houston TX, US

International Classification:

G06F017/60

US Classification:

705038000

Abstract:

A risk system that performs a risk assessment of a financial transaction to obtain a risk score. Based on the risk score, the risk system may request additional transaction information from a customer and/or a merchant. The request is based at least in part on financial transactions that are of moderate risk to thereby provide a non-cash payment acceptance service with more information to further evaluate the financial transaction risks. Thus, moderately risky financial transactions, that are likely to benefit the non-cash payment acceptance service and the merchant that subscribes to the non-cash payment acceptance service, are authorized for increased profitability and customer satisfaction. Furthermore, the risk system may approve or authorize financial transactions that generally fail standard risk assessments that use a cut-off risk score to divide the financial transactions into either approved or declined groups. As a result, the risk system is capable of re-evaluating some of the moderate risk cases for the purpose of securing beneficial financial transactions.