Method and system for risk management in a transaction

Abstract From the Canadian patent

Disclosed is a risk management system for providing risk data to an entity engaged in a transaction with a consumer. The system includes an authorization denial system having an authorization denial system interface for receiving a transaction data set having a plurality of data fields from the entity; and a denial rule set with multiple rules for outputting risk data directed to the transaction based upon the result of applying the rules to the data fields in the transaction data set. The authorization denial system interface transmits the resulting risk data to the entity. A method of authorizing a transaction between a consumer and an entity is also disclosed.