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Business event triggered, policy-driven payment management

  • US 20040002918A1
  • Filed: 06/26/2002
  • Published: 01/01/2004
  • Est. Priority Date: 06/26/2002
  • Status: Active Grant
First Claim
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9. A method for providing a policy-driven payment processing system, comprising steps of:

  • providing a plurality of payment-processing policies, each of the policies specifying how payment transactions for a payment method should be carried out;

    selecting, by a merchant that will use the policy-driven payment processing system, one or more of the provided policies;

    receiving business event notifications representing payment processing units;

    programmatically determining the selected policy that corresponds to each of the payment processing units represented by the received notifications; and

    applying each of the programmatically-determined policies to the corresponding payment processing units, thereby moving payment for the payment processing unit toward completion.

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