METHODS AND SYSTEMS FOR MANAGING CO-BRAND PROPRIETARY FINANCIAL TRANSACTION PROCESSING
First Claim
1. A computer-based method for processing a financial transaction using a co-brand proprietary payment card through a multi-party payment card interchange network, the co-brand payment card is associated with a cardholder and a co-brand program, the co-brand program including an issuer, a co-brand merchant partner, and the interchange network, said method comprising:
- storing within a database a list of merchants participating in a co-brand program with the interchange network;
receiving at the interchange network an authorization request for the transaction involving the co-brand payment card, the authorization request received from an acquirer and including a merchant identifier;
determining whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database;
manipulating at the interchange network the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants; and
transmitting an authorization response from the interchange network to the acquirer, the authorization response including the private label identifier, the authorization response designating the transaction for processing as a private label transaction.
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Accused Products
Abstract
A method and system for processing a financial transaction using a co-brand proprietary payment card through a multi-party payment card interchange network is provided. The method includes storing within a database a list of merchants participating in a co-brand program with the interchange network, receiving an authorization request for the transaction involving the co-brand payment card wherein the authorization request includes a merchant identifier, determining whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database, manipulating the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants, and transmitting an authorization response from the interchange network to the acquirer. The authorization response includes the private label identifier and designates the transaction for processing as a private label transaction.
91 Citations
35 Claims
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1. A computer-based method for processing a financial transaction using a co-brand proprietary payment card through a multi-party payment card interchange network, the co-brand payment card is associated with a cardholder and a co-brand program, the co-brand program including an issuer, a co-brand merchant partner, and the interchange network, said method comprising:
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storing within a database a list of merchants participating in a co-brand program with the interchange network; receiving at the interchange network an authorization request for the transaction involving the co-brand payment card, the authorization request received from an acquirer and including a merchant identifier; determining whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database; manipulating at the interchange network the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants; and transmitting an authorization response from the interchange network to the acquirer, the authorization response including the private label identifier, the authorization response designating the transaction for processing as a private label transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A network-based system for processing a financial transaction using a co-brand proprietary payment card through a multi-party payment card interchange network, the co-brand payment card is associated with a cardholder and a co-brand program, the co-brand program including an issuer, a co-brand merchant partner, and the interchange network, said system comprising:
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an acquirer computer system; a database; and a server system configured to be coupled to the computer system and the database, said server system associated with the interchange network, said server system configured to; store within the database a list of merchants participating in a co-brand program with the interchange network; receive from the acquirer computer system an authorization request for the transaction involving the co-brand payment card, the authorization request including a merchant identifier; determine whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database; manipulate the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants; and transmit an authorization response to the acquirer computer system, the authorization response including the private label identifier, the authorization response designating the transaction for processing as a private label transaction. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A computer for processing a financial transaction using a co-brand proprietary payment card, the computer associated with a multi-party payment card interchange network, the co-brand payment card is associated with a cardholder and a co-brand program, the co-brand program including an issuer, a co-brand merchant partner, and the interchange network, said computer having a memory, said computer programmed to:
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store within the memory a list of merchants participating in a co-brand program with the interchange network; receive an authorization request for the transaction involving the co-brand payment card, the authorization request received from an acquirer and including a merchant identifier; determine whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the memory; manipulate the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants; and transmit an authorization response to the acquirer, the authorization response including the private label identifier, the authorization response designating the transaction for processing as a private label transaction. - View Dependent Claims (24, 25, 26, 27, 28, 29)
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30. A computer program embodied on a computer readable medium for processing a financial transaction using a co-brand proprietary payment card and an interchange computer associated with a multi-party payment card interchange network, the co-brand payment card is associated with a cardholder and a co-brand program, the co-brand program including an issuer, a co-brand merchant partner, and the interchange network, said program is executed by the interchange computer and comprises at least one code segment that:
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stores within a database a list of merchants participating in a co-brand program with the interchange network; receives an authorization request for the transaction involving the co-brand payment card, the authorization request received from an acquirer and including a merchant identifier; determines whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database; manipulates the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants; and transmits an authorization response to the acquirer, the authorization response including the private label identifier, the authorization response designating the transaction for processing as a private label transaction. - View Dependent Claims (31, 32, 33, 34, 35)
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Specification