METHOD AND APPARATUS FOR INTEGRATED PAYMENTS PROCESSING AND DECISIONING FOR INTERNET TRANSACTIONS
First Claim
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1. An apparatus that provides a decisioning solution to a merchant, wherein said merchant accepts Internet transactions from participating parties and that facilitates processing of payments between said participating parties and said merchant, comprising, the option of:
- sending a first transaction message from said merchant, comprising source and order identifiers, to an enterprise decision engine;
responsive to said first transaction message, said decision engine authenticating, reporting suspicious activity, and creating a decisioning solution which is sent to said merchant;
responsive to said decisioning solution, sending a second message from said merchant to said decision engine;
responsive to receipt of said second message creating a third message in NACHA format if said second transaction message is based on an electronic check, or in an FDMS format if said second transaction message is based on a credit card; and
responsive to said second transaction message, said decision engine determining and indicating approval for shipment by said merchant using risk analysis and guaranteeing payment to said merchant and insurance against fraud after shipment.
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Abstract
A method and apparatus provides a decisioning solution for merchants accepting Internet transactions, integrated with means for processing payments electronically. The invention claimed herein provides features, such as, but not limited to, electronic transfer of funds, authentication of parties, seemless integration with merchant'"'"'s Web page, and reporting of suspicious activity.
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Citations
1 Claim
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1. An apparatus that provides a decisioning solution to a merchant, wherein said merchant accepts Internet transactions from participating parties and that facilitates processing of payments between said participating parties and said merchant, comprising, the option of:
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sending a first transaction message from said merchant, comprising source and order identifiers, to an enterprise decision engine; responsive to said first transaction message, said decision engine authenticating, reporting suspicious activity, and creating a decisioning solution which is sent to said merchant; responsive to said decisioning solution, sending a second message from said merchant to said decision engine; responsive to receipt of said second message creating a third message in NACHA format if said second transaction message is based on an electronic check, or in an FDMS format if said second transaction message is based on a credit card; and responsive to said second transaction message, said decision engine determining and indicating approval for shipment by said merchant using risk analysis and guaranteeing payment to said merchant and insurance against fraud after shipment.
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Specification