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 a request for a transfer from a selected payor account of a payor to a payee; 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, wherein facilitating the transfer comprises: sending transfer information to a payor financial institution to cause the payor financial institution to send a request for payment through a real-time settlement network to the payee financial institution to authorize a real-time credit transfer from the selected payor account to the payee account, wherein the real-time credit transfer is settled in real-time through the real-time settlement network. 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 a request for a transfer from a selected payor account of a payor to a payee; 
 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, wherein facilitating the transfer comprises:
 sending transfer information to a payor financial institution to cause the payor financial institution to send a request for payment through a real-time settlement network to the payee financial institution to authorize a real-time credit transfer from the selected payor account to the payee account, wherein the real-time credit transfer is settled in real-time through the real-time settlement network. 
 
   
     
     
         2 . The system of  claim 1 , wherein:
 the transfer information comprises information to identify the payee financial institution and the payee account to the real-time settlement network.   
     
     
         3 . The system of  claim 2 , wherein the transfer information does not include an account number of the payee account. 
     
     
         4 . The system of  claim 1 , wherein the transfer information comprises the fraud risk score. 
     
     
         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 computing instructions, when executed on the one or more processors, are further configured to perform, before determining the fraud risk score for the transfer:
 facilitating an authorization for the payor to authorize the payor financial institution to grant an access code;   requesting, from the payor financial institution, one or more eligible payor accounts owed by the payor and maintained by the payor financial institution; and   causing a payor device of the payor to display the one or more eligible payor accounts for the payor to determine the selected payor account from among the one or more eligible payor accounts for the transfer.   
     
     
         10 . The system of  claim 1 , wherein determining the fraud risk score for the transfer comprises:
 analyzing a transfer history of the payee.   
     
     
         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 a request for a transfer from a selected payor account of a payor to a payee;   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, wherein facilitating the transfer comprises:
 sending transfer information to a payor financial institution to cause the payor financial institution to send a request for payment through a real-time settlement network to the payee financial institution to authorize a real-time credit transfer from the selected payor account to the payee account, wherein the real-time credit transfer is settled in real-time through the real-time settlement network. 
   
     
     
         12 . The method of  claim 11 , wherein:
 the transfer information comprises information to identify the payee financial institution and the payee account to the real-time settlement network.   
     
     
         13 . The method of  claim 12 , wherein the transfer information does not include an account number of the payee account. 
     
     
         14 . The method of  claim 11 , wherein the transfer information comprises the fraud risk score. 
     
     
         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  further comprising:
 facilitating an authorization for the payor to authorize the payor financial institution to grant an access code; 
 requesting, from the payor financial institution, one or more eligible payor accounts owed by the payor and maintained by the payor financial institution; and 
 causing a payor device of the payor to display the one or more eligible payor accounts for the payor to determine the selected payor account from among the one or more eligible payor accounts for the transfer. 
 
     
     
         20 . The method of  claim 11 , wherein determining the fraud risk score for the transfer comprises:
 analyzing a transfer history of the payee.