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System and Method For Processing Multiple Methods of Payment

  • US 20090112747A1
  • Filed: 10/30/2007
  • Published: 04/30/2009
  • Est. Priority Date: 10/30/2007
  • Status: Active Grant
First Claim
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1. A system for processing financial transaction data, the system comprising:

  • an adapter layer that receives an incoming data message external to the system relating to a financial transaction initiated by a payer and operates on the incoming data message to change the format of the incoming data message and produce adapted data relating to the financial transaction in a message format suitable for processing by a payment processing network;

    a processor hub that receives the adapted data and determines transaction routing to direct the adapted data to the payment processing network that generates intra-network communications comprising requests for authorization by an issuer, requests for settlement and payment on the financial transaction to a transaction payee in response to authorizations, and responses to payee query requests from external payees for non-payment data, and generates extra-network communications to external entities for making a payment to a payee on the financial transaction, wherein the processor hub performs rules-based workflow management processing on the adapted data for the financial transaction.

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