Systems and methods for performing a simplified risk assessment

1. A computerized method for determining authorization of a financial transaction comprising:

maintaining a historical transaction value for past transactions associated with related promissory payments;

receiving, via a network, a request from a merchant to determine authorization of a financial transaction associated with a proffered promissory payment;

determining whether the merchant has authorized simplified risk assessment;

accessing the historical transaction value associated with the related promissory payments, when the merchant has authorized simplified risk assessment; and

determining, based on the historical transaction value, to authorize the financial transaction based on absence of negative data for the customer associated with the promissory payment stored in a negative database when the merchant has authorized simplified risk assessment; or

performing a more detailed risk assessment based on a plurality of factors associated with the financial transaction when the merchant has not authorized simplified risk assessment or when negative data associated with the customer appears in the negative database.

2. The method of claim 1 further comprising authorizing the financial transaction based on the data stored in the negative database when the historical transaction value meets a threshold.

3. The method of claim 1 further comprising authorizing the financial transaction based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when the historical transaction value does not meet a threshold.

4. The method of claim 1 further comprising authorizing the financial transaction based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when a value of the financial transaction exceeds a transaction limit set by the merchant.

5. The method of claim 1 further comprising determining based on criteria set by the merchant whether to authorize the financial transaction based the more detailed risk assessment or whether to authorize the financial transaction based on data stored in a negative database.

6. The method of claim 1 further comprising:

maintaining an indication of whether funds were available for past authorized transactions associated with the related promissory payments;

accessing the indication;

authorizing the financial transaction based on the more detailed risk assessment, wherein the risk assessment calculates a risk score for the proffered promissory payment when the indication is negative; and

authorizing the financial transaction based on data stored in the negative database when the indication is positive.

7. The method of claim 1 further comprising:

accessing an account status of a promissory account associated with the proffered promissory payment;

authorizing the financial transaction based on the more detailed risk assessment, wherein the risk assessment calculates a risk score for the proffered promissory payment when the account status is negative; and

authorizing the financial transaction based on data stored in the negative database when the account status is positive.

8. A computerized system for determining authorization of a financial transaction comprising:

at least one memory operable to store a historical transaction value for past transactions associated with related promissory payments;

a communications interface operable to receive, via a network, a request from a merchant to determine authorization of a financial transaction associated with a proffered promissory payment; and

a risk assessment filter which determines based on the historical transaction value and whether a merchant has authorized simplified risk assessment whether to authorize the financial transaction based on a more detailed risk score or whether to authorize the financial transaction based on absence of negative data stored in a negative database.

9. The system of claim 8 wherein the financial transaction is authorized based on the absence of negative data stored in the negative database when the historical transaction value meets a threshold.

10. The system of claim 8 wherein the financial transaction is authorized based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when the historical transaction value does not meet a threshold.

11. The system of claim 8 wherein the financial transaction is authorized based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when a value of the financial transaction exceeds a transaction limit set by the merchant.

12. The system of claim 8 wherein the risk assessment filter is further operable to determine based on criteria set by the merchant whether to authorize the financial transaction based on the more detailed risk assessment or whether to authorize the financial transaction based on absence of negative data stored in a negative database.

13. The system of claim 8 wherein the risk assessment filter is further operable to:

identify an indication of whether funds were available for past authorized transactions associated with related promissory payments;

determine to authorize the financial transaction based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when the indication is negative; and

determine to authorize the financial transaction based on absence of negative data in the negative database when the indication is positive.

14. The system of claim 8 wherein the risk assessment filter is further operable to:

identify an account status of a promissory account associated with the proffered promissory payment;

determine to authorize the financial transaction based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when the account status is negative; and

determine to authorize the financial transaction based on absence of negative data in the negative database when the account status is positive.

15. A computerized system for determining authorization of a financial transaction comprising:

means for maintaining a historical transaction value for past transactions associated with related promissory payments;

means for receiving, via a network, a request to determine authorization of a financial transaction associated with a proffered promissory payment;

means for accessing the historical transaction value associated with the related promissory payments; and

means for determining, based on the historical transaction value, to authorize the financial transaction based on absence of negative data for the customer associated with the promissory payment stored in a negative database when the merchant has authorized simplified risk assessment; or

performing a more detailed risk assessment based on a plurality of factors associated with the financial transaction when the merchant has not authorized simplified risk analysis or when negative data associated with the customer appears in the negative database.

16. The system of claim 15 further comprising means for authorizing the financial transaction based on the data stored in the negative database when the historical transaction value meets a threshold.

17. The system of claim 15 further comprising means for authorizing the financial transaction based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when the historical transaction value does not meet a threshold.

18. The system of claim 15 further comprising means for authorizing the financial transaction based on the more detailed risk assessment that calculates a risk score for the proffered promissory payment when a value of the financial transaction exceeds a transaction limit.

19. The system of claim 15 further comprising:

means for maintaining an indication of whether funds were available for past authorized transactions associated with the related promissory payments;

means for accessing the indication;

means for authorizing the financial transaction based on the more detailed risk assessment, wherein the risk assessment calculates a risk score for the proffered promissory payment when the indication is negative; and

means for authorizing the financial transaction based on data in the negative database when the indication is positive.

20. The system of claim 15 further comprising:

means for accessing an account status of a promissory account associated with the proffered promissory payment;

means for authorizing the financial transaction based on the more detailed risk assessment, wherein the risk assessment calculates a risk score for the proffered promissory payment when the account status is negative; and

means for authorizing the financial transaction based on data in the negative database when the account status is positive.