System for evaluating risk in providing value to the user of a transaction system using information accessible to the transaction system

Abstract

A system receives a request for value from a user. The risk involved in providing the value to the user is evaluated using information accessible to the transaction system, the information includes contact information associated with the user. The request is selectively approved based on evaluating the risk involved and value is distributed to the user via a network. The contact information may comprise address information associated with the user, such as a residential street address of the user, a city of residence of the user, a state of residence of the user, a zip code of residence of the user, a telephone number associated with the user, and checking account information.

What is claimed is: 
     
         1 . A system comprising:
 at least one hardware processor maintained to communicate with a client machine via a network interface, the at least one hardware processor configured to include:
 a receiver module at a payment service to receive, via a message exchange with the client machine, information comprising a request to provide value to a first account, the information being generated by selection of a selectable element at a user interface at the client machine, the message exchange utilizing the network interface of the at least one hardware processor; 
 a risk evaluation module to evaluate risk involved in providing the value by evaluating information accessible to a transaction system, the information comprising contact information; 
 an approval module to selectively approve the request for value based on evaluating the risk involved; and 
 a payment module, responsive to the request being approved, to activate the payment service to transfer the value to the first account from at least one second account. 
   
     
     
         2 . The system of  claim 1 , wherein the request for value is received from a user, the contact information is associated with the user, and the first account is associated with the user. 
     
     
         3 . The system of  claim 1 , wherein the information accessible to the transaction system is stored at the transaction system or stored separate from the transaction system. 
     
     
         4 . The system of  claim 1 , wherein the value comprises one of funds, a line of credit, coupons, or gift certificates. 
     
     
         5 . The system of  claim 1 , wherein the value is distributed over a period of time, and the at least one hardware processor is further configured to include a time determination module to determine times during the period of time for distributing the value. 
     
     
         6 . The system of  claim 1 , wherein the contact information is verified by an external third party. 
     
     
         7 . The system of  claim 1 , wherein the network is a wireless network. 
     
     
         8 . A system comprising:
 at least one hardware processor maintained to communicate with a client machine via a network interface, the at least one hardware processor configured to include:
 a receiver module at a payment service to receive, via a message exchange with the client machine, information comprising a request to provide value to a first account, the information being generated by selection of a selectable element at a user interface at the client machine, the message exchange utilizing the network interface of the at least one hardware processor, the selection causing the information to be configured as a message in an application protocol and transmitted by the client machine; 
 a risk evaluation module to evaluate risk involved in providing the value by evaluating information accessible to a transaction system, the information comprising contact information; 
 an approval module to selectively approve the request for value based on evaluating the risk involved; and 
 a payment module, responsive to the request being approved, to activate the payment service to transfer the value to the first account from at least one second account. 
   
     
     
         9 . The system of  claim 8 , wherein the request is received from a user, the contact information is associated with the user, and the first account is associated with the user. 
     
     
         10 . The system of  claim 8 , wherein the information accessible to the transaction system is stored at the transaction system or stored separate from the transaction system. 
     
     
         11 . The system of  claim 8 , wherein the value comprises one of funds, a line of credit, coupons, or gift certificates. 
     
     
         12 . The system of  claim 8 , wherein the value is distributed over a period of time, and the at least one hardware processor is further configured to include a time determination module to determine times during the period of time for distributing the value. 
     
     
         13 . The system of  claim 8 , wherein the network is a wireless network. 
     
     
         14 . The system of  claim 8 , wherein the at least one hardware processor is further configured to include a fee determination module to determine a fee for distributing the value based on the evaluation of the risk involved in providing the value to the user. 
     
     
         15 . A system comprising:
 at least one hardware processor maintained to communicate with a client machine via a network interface, the at least one hardware processor configured to include:
 a receiver module at a payment service to receive, via a message exchange with the client machine, information comprising a request to provide value to a first account, the information being generated by selection of a selectable element at a user interface at the client machine, the message exchange utilizing the network interface of the at least one hardware processor, the selection causing the information to be configured using a communication protocol specified in an application layer and transmitted in a transport layer by the client machine; 
 a retriever module to configure a request to retrieve, from an external server over a communication network, information related to the first account, and to retrieve the information from the external server; 
 a risk evaluation module to evaluate risk involved in providing the value by evaluating information accessible to a transaction system, the information comprising contact information; 
 an approval module to selectively approve the request for value based on the evaluating the risk involved; 
 a presentation module responsive to the approval of the request for value to present to at least one computer processor of the client machine, a signal to indicate approval of the request for value; and 
 an activation module, responsive to the approval of the request for value, to issue a request to the online payment service to transfer the value to the first account from at least one of a plurality of second accounts. 
   
     
     
         16 . The system of  claim 15 , wherein the request is received from a user, the contact information is associated with the user, and the first account is associated with the user. 
     
     
         17 . The system of  claim 15 , wherein the information accessible to the transaction system is stored at the transaction system or stored separate from the transaction system. 
     
     
         18 . The system of  claim 15 , wherein the value comprises one of funds, a line of credit, coupons, or gift certificates. 
     
     
         19 . The system of  claim 15 , wherein the value is distributed over a period of time, and the at least one hardware processor is further configured to include a time determination module to determine times during the period of time for distributing the value. 
     
     
         20 . The system of  claim 15 , wherein the contact information is verified by an external third party.