Disclosed herein is a method and system providing Merchants direct access to the powerful issuer authorization rules engine to evaluate and block card payment transaction in real-time from potential fraud at checkout. The access to the intelligent rules can be made by enabling a secure connection to the Risk Manager (RM). The real-time data will empower the Merchant to not forward the fraudulent transaction onto the acquirer for further processing, saving the transaction processing fees as eliminating back-office overheads on failed payments.
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Malde, Ila; Shaik, Juharasha; Khare, Aditi; Kala, Durga; Tsai, Kenny; Miryala, Ram; Ranjan, Rajiv; Chakraborty, Santanu; Li, Xuepeng; Mahadev, Anup; Masharov, Andrey; Paudel, Mohan; Chowdhury, Debabrata; Kankatala, Ramya; Mahanta, Motilal; Pandya, Chintan; and Srinivas, Manasa, "SYSTEM AND METHOD FOR MONITORING FRAUDELENT TRANSACTIONS AT MERCHANT LEVEL IN REAL TIME PAYMENT", Technical Disclosure Commons, (December 03, 2021)