System and Method For Processing Multiple Methods of Payment
First Claim
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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Accused Products
Abstract
Financial transaction data comprising payment on any one of multiple financial transaction types are processed with an adapter layer that receives an incoming data message relating to a financial transaction initiated by a payer and operates on the incoming data message to produce adapted data relating to the financial transaction, and a processor that receives the adapted data and determines transaction routing to direct the adapted data to a processing network module that requests authorization by an issuer, responds to authorization by initiating request for settlement and payment on the financial transaction to a transaction payee, and responds to payee query requests by providing non-payment data to an external payee.
250 Citations
18 Claims
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1. A system for processing financial transaction data, the system comprising:
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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. - View Dependent Claims (2, 4, 5, 6, 7, 8, 9)
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3. (canceled)
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10. A method for processing data related to a financial transaction, the method comprising:
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producing adapted data relating to the financial transaction from an incoming data message such that the adapted data has a changed message format that is suitable for processing by a payment processing network; determining transaction routing to direct the adapted data to the payment processing network and performing rules-based workflow management processing on the adapted data for the financial transaction, wherein the payment processing network; 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 payments to external payees; and generating an extra-network communication for making a payment on the financial transaction. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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Specification