Systems and methods for cost altering payment services

• US 10,346,843 B2
• Filed: 12/19/2013
• Issued: 07/09/2019
• Est. Priority Date: 07/31/2012
• Status: Active Grant

• Current Assignee: Worldpay, LLC (Fidelity National Information Services Incorporated)
• Original Assignee: Worldpay, LLC (Fidelity National Information Services Incorporated)
• Inventors: Ozvat, Matthew D., Berkley, John, Oliver, Kevin, Cooper, William T., Watts, Charles E., Cochran, Rachel B.
• Primary Examiner(s): Agwumezie, Chinedu C
• Application Number:
  US14/135,555
• Publication Number:
  US 20140180924A1
• Time in Patent Office: 2,028 Days
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing

Abstract

Cost altering payment services (“CAPS”) system in association with a distributed enhanced payment (“DEP”) processing system includes a merchant point of sale (“POS”) terminal system and a remote enhanced payment management system (“EPMS”). The remote EPMS receives payment transactions including additional risk mitigating payment transaction (“RMPT”) information and based on that additional RMPT information provides altered transaction costs. The remote EPMS provides facilities for the merchant to review and revise payment management services so as to utilize additional RMPT information received from the merchant POS terminal system so as to alter transaction costs. Such facilities provide information to determine the relative potential transaction cost benefits of various payment management service sets utilizing cost profiles that represent the costs of archival, recorded and projected future transactions. The remote EPMS provides “transaction guidance” technology to be utilized by the merchant'"'"'s POS terminal system to facilitate prompting for and acquiring additional RMPT information.

Claims

1. A method for mitigating fraudulent activities in an electronic payment transaction system, the method comprising:

receiving, by a point of sale terminal system over an electronic network, a service set application from a payment management system;

installing, by the point of sale terminal system, the service set application at the point of sale terminal system;

displaying, via a graphical user interface of the point of sale terminal system, a plurality of service sets using the installed service set application, wherein each service set comprises;

i) security information to be collected by the point of sale terminal system from one or more sources comprising;

Global Positioning System (GPS), Wi-Fi and cellular networks, embeddable low power communication devices, public security video coverage, biometrics system, terrestrial, airborne and space-based tracking platforms, and a social media platform; and

ii) an estimated transaction cost associated with the service set;

receiving, by the point of sale terminal system, a selection of a service set among the plurality of service sets;

transmitting, by the point of sale terminal system over the electronic network, a message comprising the selection of the service set to the payment management system;

in response to transmitting the message, receiving, by the point of sale terminal system over the electronic network, transaction guidance from the payment management system, the transaction guidance comprising computer-executable code;

aggregating, by the point of sale terminal system, transaction information comprising a payment amount, an encrypted primary account number, a payer ID, a payment type, and a merchant ID;

executing, by the point of sale terminal system, the computer-executable code of the received transaction guidance;

collecting, by the point of sale terminal system over the electronic network and by executing the computer-executable code of the received transaction guidance, the security information to be collected by the point of sale terminal system from the one or more sources, wherein the collected security information comprises time-correlated location information corresponding to the aggregated transaction information;

transmitting, by the point of sale terminal system over the electronic network, the transaction information and the collected security information to the payment management system;

receiving, by the point of sale terminal system from the payment management system over the electronic network, a transaction authorization response, an encrypted token, and a transaction cost;

storing, by the point of sale terminal system, the received encrypted token in a storage device; and

presenting, via the graphical user interface of the point of sale terminal system, the received transaction authorization response and the transaction cost.

2. The method of claim 1, wherein the method further comprises receiving, by the point of sale terminal system, one or more of:

a purchaser primary credential; and

a purchaser supplemental credential.

3. The method of claim 2, wherein the purchaser primary credential includes information associated with a legitimate payment account user;

and

wherein the legitimate payment account user is at least one of a payment account owner and an authorized payment account user.

4. The method of claim 2, wherein the purchaser supplemental credential includes information associated with a payment account owner.

5. The method of claim 1, wherein the collected security information is circumstantial information associated with the aggregated transaction information and includes at least one of:

purchase descriptive information;

payment descriptive information;

purchaser descriptive information; and

measurable and derivable purchase and payment coincidental information.

6. The method of claim 1, wherein the transaction cost is determined based on at least one of the quality of the security information associated with the aggregated transaction information and the quantity of the security information associated with the aggregated transaction information.

7. The method of claim 2, wherein receiving the one or more of the purchaser primary credential and the purchaser supplemental credential is facilitated by the received transaction guidance at least one of:

prompting for the one or more of the purchaser primary credential and the purchaser supplemental credential;

inputting the one or more of the purchaser primary credential and the purchaser supplemental credential;

encoding the one or more of the purchaser primary credential and the purchaser supplemental credential; and

outputting the one or more of the purchaser primary credential and the purchaser supplemental credential; and

wherein the transaction guidance includes at least one of;

down-loadable security information, purchaser primary credential, and purchaser supplemental credential acquisition technology; and

security information, purchaser primary credential, and purchaser supplemental credential acquisition technology that is propagated out of band.

8. A system for mitigating fraudulent activities in an electronic payment transaction system, the system comprising:

a point of sale terminal system, comprising;

one or more processors;

a non-transitory computer readable medium storing instructions which, when executed by the one or more processors, cause the one or more processors to perform a method comprising;

receiving, over an electronic network, a service set application from a payment management system;

installing the service set application on the point of sale terminal system;

displaying, via a graphical user interface, a plurality of service sets using the installed service set application, wherein each service set comprises;

i) security information to be collected by the point of sale terminal system from one or more sources comprising;

Global Positioning System (GPS), Wi-Fi and cellular networks, embeddable low power communication devices, public security video coverage, biometrics system, terrestrial, airborne and space-based tracking platforms, and a social media platform; and

ii) an estimated transaction cost associated with the service set;

receiving a selection of a service set among the plurality of service sets;

transmitting, over the electronic network, a message comprising the selection of the service set to the payment management system;

in response to transmitting the message, receiving, over the electronic network, transaction guidance from the payment management system, the transaction guidance comprising computer-executable code;

aggregating transaction information comprising a payment amount, an encrypted primary account number, a payer ID, a payment type, and a merchant ID;

executing the computer-executable code of the received transaction guidance;

collecting, over the electronic network and by executing the computer-executable code of the received transaction guidance, the security information to be collected by the point of sale terminal system from the one or more sources, wherein the collected security information comprises time-correlated location information corresponding to the aggregated transaction information;

transmitting, over the electronic network, the transaction information and the collected security information to the payment management system;

receiving, over the electronic network, a transaction authorization response, an encrypted token, and a transaction cost from the payment management system;

storing the received encrypted token in a storage device; and

presenting, via the graphical user interface, the received transaction authorization response and the transaction cost.

9. The system of claim 8, wherein the method further comprises receiving one or more of:

a purchaser primary credential; and

a purchaser supplemental credential.

10. The system of claim 9, wherein the purchaser primary credential includes information associated with a legitimate payment account user;

and

wherein the legitimate payment account user is at least one of a payment account owner and an authorized payment account user.

11. The system of claim 9, wherein the purchaser supplemental credential includes information associated with a payment account owner.

12. The system of claim 8, wherein the collected security information is circumstantial information associated with the aggregated transaction information and includes at least one of:

purchase descriptive information;

payment descriptive information;

purchaser descriptive information; and

measurable and derivable purchase and payment coincidental information.

13. The system of claim 8, wherein the transaction cost is determined based on at least one of the quality of the security information associated with the aggregated transaction information and the quantity of the security information associated with the aggregated transaction information.

14. The system of claim 9, wherein receiving the one or more of the purchaser primary credential and the purchaser supplemental credential is facilitated by the received transaction guidance at least one of:

prompting for the one or more of the purchaser primary credential and the purchaser supplemental credential;

inputting the one or more of the purchaser primary credential and the purchaser supplemental credential;

encoding the one or more of the purchaser primary credential and the purchaser supplemental credential; and

outputting the one or more of the purchaser primary credential and the purchaser supplemental credential; and

wherein the transaction guidance includes at least one of;

down-loadable security information, purchaser primary credential, and purchaser supplemental credential acquisition technology; and

security information, purchaser primary credential, and purchaser supplemental credential acquisition technology that is propagated out of band.

15. A non-transitory computer readable medium storing instructions which, when executed by one or more processors, cause the one or more processors to perform a method comprising:

receiving, by a point of sale terminal system over an electronic network, a service set application from a payment management system;

installing, by the point of sale terminal system, the service set application;

displaying, via a graphical user interface of the point of sale terminal system, a plurality of service sets using the installed service set application, wherein each service set comprises;

i) security information to be collected by the point of sale terminal system from one or more sources comprising;

Global Positioning System (GPS), Wi-Fi and cellular networks, embeddable low power communication devices, public security video coverage, biometrics system, terrestrial, airborne and space-based tracking platforms, and a social media platform; and

ii) an estimated transaction cost associated with the service set;

receiving, by the point of sale terminal system, a selection of a service set among the plurality of service sets;

transmitting, by the point of sale terminal system over the electronic network, a message comprising the selection of the service set to the payment management system;

in response to transmitting the message, receiving, by the point of sale terminal system over the electronic network, transaction guidance from the payment management system, the transaction guidance comprising computer-executable code;

aggregating, by the point of sale terminal system, transaction information comprising a payment amount, an encrypted primary account number, a payer ID, a payment type, and a merchant ID;

executing, by the point of sale terminal system, the computer-executable code of the received transaction guidance;

collecting, by the point of sale terminal system over the electronic network and by executing the computer-executable code of the received transaction guidance, the security information to be collected by the point of sale terminal system from the one or more sources, wherein the collected security information comprises time-correlated location information corresponding to the aggregated transaction information;

transmitting, by the point of sale terminal system over the electronic network, the transaction information and the collected security information to the payment management system;

receiving, by the point of sale terminal system over the electronic network, a transaction authorization response, an encrypted token, and a transaction cost from the payment management system;

storing, by the point of sale terminal system, the received encrypted token in a storage device; and

presenting, via the graphical user interface of the point of sale terminal system, the received transaction authorization response and the transaction cost.

16. The non-transitory computer readable medium of claim 15, wherein the method further comprises receiving, by the point of sale terminal system, one or more of:

a purchaser primary credential; and

a purchaser supplemental credential.

17. The non-transitory computer readable medium of claim 16, wherein the purchaser primary credential includes information associated with a legitimate payment account user;

and

wherein the legitimate payment account user is at least one of a payment account owner and an authorized payment account user.

18. The non-transitory computer readable medium of claim 16, wherein the purchaser supplemental credential includes information associated with a payment account owner.

19. The non-transitory computer readable medium of claim 15, wherein the collected security information is circumstantial information associated with the aggregated transaction information and includes at least one of:

purchase descriptive information;

payment descriptive information;

purchaser descriptive information; and

measurable and derivable purchase and payment coincidental information.

20. The non-transitory computer readable medium of claim 15, wherein the transaction cost is determined based on at least one of the quality of the security information associated with the aggregated transaction information and the quantity of the security information associated with the aggregated transaction information.