Once the transaction is received through an authorization attempt, IFES determines if the transaction falls within IFES grade acceptable range. To make this willpower, the IFES Authorization Engine runs a question in opposition to an IFES base rule set the place extra and extra detailed risk model variables are configured and maintained. In one embodiment a further layer of querying happens the place extra information concerning the payer and payee is obtained from the database. This additional layer of analysis facilitates doubtlessly greater transaction approval charges and decreased losses.

The system might rely on data from a single financial institution to course of instant funding requests by that financial institution’s customers. Alternatively, the related data collected from a number of banks could also be shared by the several banks in making threat evaluation determinations. Similarly, banks may be part of a network of banks and related customer and transaction data …