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LEAST COST NETWORK ROUTING FOR ELECTRONIC TRANSACTIONS

  • US 20070233597A1
  • Filed: 03/06/2007
  • Published: 10/04/2007
  • Est. Priority Date: 03/06/2006
  • Status: Abandoned Application
First Claim
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1. A method for determining a lowest cost debit/credit network for an electronic transaction, the method comprising:

  • providing a transaction table array comprising a series of tables, wherein each table includes a list of debit/credit networks sorted based at least in part on network fee amounts, each table is generated based at least in part on a discrete predetermined transaction amount, and the series of tables is based at least in part on a predetermined transaction table amount interval up to a cap amount;

    selecting an appropriate transaction table from the transaction table array based at least in part on the amount of the transaction; and

    determining the lowest cost debit/credit network from the selected transaction table to thereby determine the lowest cost debit/credit network for the transaction.

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