Systems and methods for secure electronic transfers

Abstract

Systems and methods including one or more processors and one or more non-transitory storage devices storing computing instructions configured to run on the one or more processors and perform receiving, from a payee system for a payee, a request for a transfer from a payor to the payee; causing a payor device of the payor to display an authorization user interface for the payor to authorize a payor financial institution to grant an access code to the one or more processors; in response to the payor financial institution granting the access code, requesting, from the payor financial institution, one or more eligible payor accounts owned by the payor and maintained by the payor financial institution; causing the payor device to display the one or more eligible payor accounts for the payor to determine a selected payor account of the one or more eligible payor accounts for the transfer; determining a fraud risk score for the transfer; transmitting, to a payee financial institution for the payee, the fraud risk score, wherein: the payee financial institution is configured to determine a transfer decision for the transfer based at least in part on the fraud risk score and information about a payee account for the transfer; and the payee account is owned by the payee and maintained by the payee financial institution; and when the transfer decision comprises an approval of the transfer by the payee financial institution, facilitating the transfer from the selected payor account to the payee account. Other embodiments are disclosed herein.

What is claimed is: 
     
         1 . A system comprising:
 one or more processors; and   one or more non-transitory computer-readable media storing computing instructions that, when executed on the one or more processors, perform:
 receiving, from a payee system for a payee, a request for a transfer from a payor to the payee; 
 causing a payor device of the payor to display an authorization user interface for the payor to authorize a payor financial institution to grant an access code to the system; 
 in response to the payor financial institution granting the access code, requesting, from the payor financial institution, one or more eligible payor accounts owned by the payor and maintained by the payor financial institution; 
 causing the payor device to display the one or more eligible payor accounts for the payor to determine a selected payor account of the one or more eligible payor accounts for the transfer; 
 determining a fraud risk score for the transfer; 
 transmitting, to a payee financial institution for the payee, the fraud risk score, wherein the payee financial institution is configured to determine a transfer decision for the transfer based at least in part on the fraud risk score and information about a payee account for the transfer, wherein:
 the payee account is owned by the payee and maintained by the payee financial institution; and 
 
 when the transfer decision comprises an approval of the transfer by the payee financial institution, facilitating the transfer from the selected payor account to the payee account. 
   
     
     
         2 . The system of  claim 1 , wherein the computing instructions, when executed on the one or more processors, are further configured to perform:
 causing the payor device to display a plurality of candidate financial institutions for the payor to determine the payor financial institution of the plurality of candidate financial institutions for the transfer.   
     
     
         3 . The system of  claim 1 , wherein determining the fraud risk score for the transfer comprises:
 analyzing a transfer history of the payee.   
     
     
         4 . The system of  claim 1 , wherein the computing instructions, when executed on the one or more processors, are further configured to perform:
 validating that the access code is authentic.   
     
     
         5 . The system of  claim 1 , wherein:
 determining the fraud risk score further comprises:
 determining the fraud risk score by using a first risk model; and 
   the payee financial institution is further configured to determine the transfer decision based at least in part on a second risk model to determine a second fraud risk score.   
     
     
         6 . The system of  claim 1 , wherein facilitating the transfer from the selected payor account to the payee account further comprises:
 transmitting, to the payor financial institution, the fraud risk score for the payor financial institution to determine a second transfer decision based at least in part on the fraud risk score.   
     
     
         7 . The system of  claim 6 , wherein:
 determining the fraud risk score further comprises:
 determining the fraud risk score by using a first risk model; and 
   the payor financial institution is further configured to determine the second transfer decision based at least in part on a third risk model to determine a third fraud risk score.   
     
     
         8 . The system of  claim 6 , wherein:
 the payor financial institution is further configured to determine the second transfer decision based at least in part on comparing a balance for the selected payor account with a transfer amount for the transfer.   
     
     
         9 . The system of  claim 1 , wherein the authorization user interface is further configured to allow the payor to log into a payor user account at the payor financial institution, the payor user account being associated with the one or more eligible payor accounts. 
     
     
         10 . The system of  claim 1 , wherein requesting the one or more eligible payor accounts further comprises one or more of:
 obtaining, from the payor financial institution, an access token associated with the payor;   obtaining, from the payor financial institution, a refresh token associated with the access token;   when the refresh token is valid, requesting the payor financial institution to renew the access token; or   when the refresh token and the access token are expired, causing the payor device of the payor to display the authorization user interface for the payor to authorize the payor financial institution to renew the access token and the refresh token.   
     
     
         11 . A method implemented via execution of computing instructions configured to run at one or more processors and configured to be stored at non-transitory computer-readable media, the method comprising:
 receiving, from a payee system for a payee, a request for a transfer from a payor to the payee;   causing a payor device of the payor to display an authorization user interface for the payor to authorize a payor financial institution to grant an access code to the one or more processors;   in response to the payor financial institution granting the access code, requesting, from the payor financial institution, one or more eligible payor accounts owned by the payor and maintained by the payor financial institution;   causing the payor device to display the one or more eligible payor accounts for the payor to determine a selected payor account of the one or more eligible payor accounts for the transfer;   determining a fraud risk score for the transfer;   transmitting, to a payee financial institution for the payee, the fraud risk score, wherein:
 the payee financial institution is configured to determine a transfer decision for the transfer based at least in part on the fraud risk score and information about a payee account for the transfer; and 
 the payee account is owned by the payee and maintained by the payee financial institution; and 
   when the transfer decision comprises an approval of the transfer by the payee financial institution, facilitating the transfer from the selected payor account to the payee account.   
     
     
         12 . The method of  claim 11  further comprising:
 causing the payor device to display a plurality of candidate financial institutions for the payor to determine the payor financial institution of the plurality of candidate financial institutions for the transfer. 
 
     
     
         13 . The method of  claim 11 , wherein determining the fraud risk score for the transfer comprises:
 analyzing a transfer history of the payee.   
     
     
         14 . The method of  claim 11  further comprising:
 validating that the access code is authentic. 
 
     
     
         15 . The method of  claim 11 , wherein:
 determining the fraud risk score further comprises:
 determining the fraud risk score by using a first risk model; and 
   the payee financial institution is further configured to determine the transfer decision based at least in part on a second risk model to determine a second fraud risk score.   
     
     
         16 . The method of  claim 11 , wherein facilitating the transfer from the selected payor account to the payee account further comprises:
 transmitting, to the payor financial institution, the fraud risk score for the payor financial institution to determine a second transfer decision based at least in part on the fraud risk score.   
     
     
         17 . The method of  claim 16 , wherein:
 determining the fraud risk score further comprises:
 determining the fraud risk score by using a first risk model; and 
   the payor financial institution is further configured to determine the second transfer decision based at least in part on a third risk model to determine a third fraud risk score.   
     
     
         18 . The method of  claim 16 , wherein:
 the payor financial institution is further configured to determine the second transfer decision based at least in part on comparing a balance for the selected payor account with a transfer amount for the transfer.   
     
     
         19 . The method of  claim 11 , wherein the authorization user interface is further configured to allow the payor to log into a payor user account at the payor financial institution, the payor user account being associated with the one or more eligible payor accounts. 
     
     
         20 . The method of  claim 11 , wherein requesting the one or more eligible payor accounts further comprises one or more of:
 obtaining, from the payor financial institution, an access token associated with the payor;   obtaining, from the payor financial institution, a refresh token associated with the access token;   when the refresh token is valid, requesting the payor financial institution to renew the access token; or   when the refresh token and the access token are expired, causing the payor device of the payor to display the authorization user interface for the payor to authorize the payor financial institution to renew the access token and the refresh token.