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, wherein: the payor is associated with a payor user profile of the payee system; and the request comprises a transfer token associated with the payor and the payee; retrieving transfer data based on the transfer token, wherein: the transfer data is associated with the transfer token, a payor financial institution for the payor, and a selected payor account owned by the payor and maintained by the payor financial institution; and the transfer data comprises an access token for the payor financial institution and the payor; using the access token to access one or more eligible payor accounts owned by the payor and maintained by the payor financial institution, the one or more eligible payor accounts comprising the selected payor account; 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, wherein:
 the payor is associated with a payor user profile of the payee system; and 
 the request comprises a transfer token associated with the payor and the payee; 
 
 retrieving transfer data based on the transfer token, wherein:
 the transfer data is associated with the transfer token, a payor financial institution for the payor, and a selected payor account owned by the payor and maintained by the payor financial institution; and 
 the transfer data comprises an access token for the payor financial institution and the payor; 
 
 using the access token to access one or more eligible payor accounts owned by the payor and maintained by the payor financial institution, the one or more eligible payor accounts comprising the selected payor account; 
 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. 
   
     
     
         2 . The system of  claim 1 , wherein the computing instructions, when executed on the one or more processors, are further configured to perform one or more of:
 (a) causing a payor device for the payor to display a plurality of candidate financial institutions for the transfer, the plurality of candidate financial institutions comprising the payor financial institution; and
 receiving, from the payor device, a selection of the payor financial institution of the plurality of candidate financial institutions; 
   (b) causing the payor device to display the one or more eligible payor accounts for the payor to determine the selected payor account of the one or more eligible payor accounts for the transfer;   (c) validating that the transfer token is authentic; or   (d) determining whether the access token is expired.   
     
     
         3 . The system of  claim 2 , wherein the computing instructions, when executed on the one or more processors, are further configured to perform:
 in response to determining that the access token is expired, one of:
 (a) causing the payor device to display an authorization user interface for the payor to authorize the payor financial institution to renew the access token; or 
 (b) determining whether a refresh token of the transfer data for the access token is expired;
 when the refresh token is valid, causing the payor financial institution to renew the access token; and 
 when the refresh token is expired, causing the payor device to display the authorization user interface for the payor to authorize the payor financial institution to renew the access token and the refresh token. 
 
   
     
     
         4 . The system of  claim 3 , wherein the authorization user interface is further configured to allow the payor to log into a payor user account with the payor financial institution, the payor user account being associated with the one or more eligible payor accounts. 
     
     
         5 . The system of  claim 2 , wherein the computing instructions, when executed on the one or more processors, are further configured to perform:
 in response to receiving the selection of the payor financial institution or the payor determining the selected payor account, updating the transfer data for the transfer.   
     
     
         6 . The system of  claim 1 , wherein determining the fraud risk score for the transfer comprises:
 analyzing a transfer history of the payee.   
     
     
         7 . 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.   
     
     
         8 . 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.   
     
     
         9 . The system of  claim 8 , 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.   
     
     
         10 . The system of  claim 8 , wherein:
 the payor financial institution is further configured to determine the second transfer decision based at least in part comparing a balance for the selected payor account with a transfer amount for the transfer.   
     
     
         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, wherein:
 the payor is associated with a payor user profile of the payee system; and 
 the request comprises a transfer token associated with the payor and the payee; 
   retrieving transfer data based on the transfer token, wherein:
 the transfer data is associated with the transfer token, a payor financial institution for the payor, and a selected payor account owned by the payor and maintained by the payor financial institution; and 
 the transfer data comprises an access token for the payor financial institution and the payor; 
   using the access token to access one or more eligible payor accounts owned by the payor and maintained by the payor financial institution, the one or more eligible payor accounts comprising the selected payor account;   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 one or more of:
 (a) causing a payor device for the payor to display a plurality of candidate financial institutions for the transfer, the plurality of candidate financial institutions comprising the payor financial institution; and
 receiving, from the payor device, a selection of the payor financial institution of the plurality of candidate financial institutions; 
 
 (b) causing the payor device to display the one or more eligible payor accounts for the payor to determine the selected payor account of the one or more eligible payor accounts for the transfer; 
 (c) validating that the transfer token is authentic; or 
 (d) determining whether the access token is expired. 
 
     
     
         13 . The method of  claim 12  further comprising:
 in response to determining that the access token is expired, one of:
 (a) causing the payor device to display an authorization user interface for the payor to authorize the payor financial institution to renew the access token; or 
 (b) determining whether a refresh token of the transfer data for the access token is expired; 
 when the refresh token is valid, causing the payor financial institution to renew the access token; and 
 when the refresh token is expired, causing the payor device for 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. 
 
 
     
     
         14 . The method of  claim 13 , wherein the authorization user interface is further configured to allow the payor to log into a payor user account with the payor financial institution, the payor user account being associated with the one or more eligible payor accounts. 
     
     
         15 . The method of  claim 12  further comprising:
 in response to receiving the selection of the payor financial institution or the payor determining the selected payor account, updating the transfer data for the transfer. 
 
     
     
         16 . The method of  claim 11 , wherein determining the fraud risk score for the transfer comprises:
 analyzing a transfer history of the payee.   
     
     
         17 . 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.   
     
     
         18 . 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.   
     
     
         19 . The method of  claim 18 , 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.   
     
     
         20 . The method of  claim 18 , wherein:
 the payor financial institution is further configured to determine the second transfer decision based at least in part comparing a balance for the selected payor account with a transfer amount for the transfer.