Discounted card not present rates following failed card present attempts
First Claim
1. A method for providing a rebate for a fee charged for a card-not-present (CNP) transaction when the CNP transaction follows a failed card read, comprising:
- receiving, over a network by one or more servers of a payment processing service and from a card reader associated with a merchant via a mobile device associated with the merchant, data indicating that the card reader experienced a failed card read, wherein the failed card read is associated with an attempt, by the card reader, to read account data from a financial transaction card;
receiving, over the network by the one or more servers and from an application executing on the mobile device associated with the merchant, an indication of a CNP transaction between the merchant and a customer facilitated by the application, wherein the indication of the CNP transaction comprises textual data representing account access data;
matching, by the one or more servers, the failed card read with the CNP transaction; and
at least partly in response to the matching;
computing, by the one or more servers, a rebate amount based at least in part on a difference between a fee charged for the CNP transaction and a fee which would have been charged if the CNP transaction had been performed as a card present transaction; and
crediting, by the one or more servers to an entity responsible for paying a fee for the CNP transaction, the rebate amount.
2 Assignments
0 Petitions
Accused Products
Abstract
Merchants that have access to financial transaction card readers sometimes experience failed card reads when attempting a transaction. The merchant may then perform the transaction by manually entering account information from the financial transaction card, which can cause the merchant to be charged a higher fee than would have been charged if the transaction had been performed with the card reader. Technology is disclosed for providing discounted transaction rates for a card not present transaction following a failed card read. This is accomplished by detecting a failed card read of a financial transaction card through a card reader; detecting a card not present transaction including receiving user input of textual account access data; matching the failed card read with the card not present transaction; and crediting a difference between a fee charged for the card not present transaction and a fee which would have been charged for the attempted transaction.
65 Citations
28 Claims
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1. A method for providing a rebate for a fee charged for a card-not-present (CNP) transaction when the CNP transaction follows a failed card read, comprising:
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receiving, over a network by one or more servers of a payment processing service and from a card reader associated with a merchant via a mobile device associated with the merchant, data indicating that the card reader experienced a failed card read, wherein the failed card read is associated with an attempt, by the card reader, to read account data from a financial transaction card; receiving, over the network by the one or more servers and from an application executing on the mobile device associated with the merchant, an indication of a CNP transaction between the merchant and a customer facilitated by the application, wherein the indication of the CNP transaction comprises textual data representing account access data; matching, by the one or more servers, the failed card read with the CNP transaction; and at least partly in response to the matching; computing, by the one or more servers, a rebate amount based at least in part on a difference between a fee charged for the CNP transaction and a fee which would have been charged if the CNP transaction had been performed as a card present transaction; and crediting, by the one or more servers to an entity responsible for paying a fee for the CNP transaction, the rebate amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system comprising
a card reader associated with a merchant; -
a mobile device associated with the merchant; a payment processing server having one or more non-transitory computer-readable media storing instructions executable by one or more processors, wherein the one or more processors, upon execution of the instructions, perform acts comprising; receiving, over a network from the card reader and via the mobile device, data indicating that the card reader experienced a failed card read, wherein the failed card read is associated with a failed attempt, by the card reader, to read account data from a financial transaction card; receiving, over the network from an application executing on the mobile device, an indication of a card-not-present (CNP) transaction between the merchant and a customer facilitated by the application, wherein the indication of the CNP transaction comprises textual data representing account access data; matching the failed card read with the CNP transaction; and at least partly in response to the matching; computing a rebate amount based at least in part on a difference between a fee charged for the CNP transaction and a fee which would have been charged if the CNP transaction had been performed as a card present transaction; and crediting, to an entity responsible for paying a fee for the CNP transaction, the rebate amount. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A non-transitory computer-readable medium storing instructions that, when executed by a computing system, cause the computing system to perform operations comprising:
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receiving, over a network from a card reader associated with a merchant via a mobile device associated with the merchant, data indicating that the card reader experienced a failed card read, wherein the failed card read is associated with a failed attempt, by the card reader, to read account data, and wherein the card reader is configured to read account data from a financial transaction card; receiving, over the network from an application executing on the mobile device associated with the merchant, an indication of a card-not-present (CNP) transaction between the merchant and a customer facilitated by the application, wherein the indication of the CNP transaction comprises textual data representing account access data; matching the failed card read with the CNP transaction; and at least partly in response to the matching; computing a rebate amount based at least in part on a difference between a fee charged for the CNP transaction and a fee which would have been charged if the CNP transaction had been performed as a card present transaction; and crediting, to an entity responsible for paying a fee for the CNP transaction, the rebate amount. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28)
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Specification