Systems and methods for processing transaction data to perform a merchant chargeback
First Claim
1. A method for managing purchase transaction data as part of determining whether to chargeback a purchase transaction, comprising:
- receiving transaction data reflecting purchase transactions associated with one or more financial accounts;
determining an expected value of each purchase transaction based on charging back the respective purchase transaction to a respective merchant; and
prioritizing each purchase transaction according to the determined expected value of each purchase transaction, such that the purchase transactions may be processed for chargeback to a respective merchant in order of priority.
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Accused Products
Abstract
Systems and methods consistent with the present invention may be used as part of determining whether to chargeback a purchase transaction amount to a merchant. To this end, the system may heuristically analyze purchase transaction data to determine which transactions to analyze for chargeback processing. For instance, the system may identify purchase transactions that are likely to qualify for a chargeback. For the identified purchase transactions, the system may then determine an expected value for each transaction in terms of received revenue from chargeback processing and the costs for performing a chargeback. Using the expected values for this transaction data, the system may then prioritize which purchase transactions to review for chargeback to a respective merchant.
164 Citations
40 Claims
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1. A method for managing purchase transaction data as part of determining whether to chargeback a purchase transaction, comprising:
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receiving transaction data reflecting purchase transactions associated with one or more financial accounts;
determining an expected value of each purchase transaction based on charging back the respective purchase transaction to a respective merchant; and
prioritizing each purchase transaction according to the determined expected value of each purchase transaction, such that the purchase transactions may be processed for chargeback to a respective merchant in order of priority. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 25)
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19. A method for managing purchase transaction data as part of determining whether to chargeback a purchase transaction, comprising:
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receiving transaction data reflecting purchase transactions associated with one or more financial accounts;
filtering the received transaction data to select purchase transactions determined to have a likelihood of being charged back to a respective merchant;
determining an expected value of each filtered purchase transaction based on charging back the respective purchase transaction to a respective merchant; and
prioritizing each purchase transaction according to the determined expected value of each purchase transaction, such that the prioritized purchase transactions may be processed for chargeback to a respective merchant in order of priority. - View Dependent Claims (20, 21)
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22. A system for managing purchase transaction data as part of determining whether to chargeback a purchase transaction, comprising:
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means for receiving transaction data reflecting purchase transactions associated with one or more financial accounts;
means for determining an expected value of each purchase transaction based on charging back the respective purchase transaction to a respective merchant; and
means for prioritizing each purchase transaction according to the determined expected value of each purchase transaction, such that the purchase transactions may be processed for chargeback to a respective merchant in order of priority. - View Dependent Claims (23, 24, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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Specification