SYSTEMS AND METHODS FOR TRANSACTION PROCESSING BASED UPON AN OVERDRAFT SCENARIO

• US 20090271277A1
• Filed: 06/05/2009
• Published: 10/29/2009
• Est. Priority Date: 11/05/1999
• Status: Active Grant

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: American Express Travel Related Services Company, Inc. (American Express Company)
• Inventors: Bishop, Fred, Seth, Hitesh, Morgan, Robert E.
• Granted Patent: US 8,190,514 B2
• Time in Patent Office: Days
• US Class Current: 705/21
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Facilitating commercial transactions using a payment system directory are disclosed. A payment directory and/or wireless point of sale (POS) device may be configured to use predetermined rules, a multitude of data items and/or conditions to locate a payment system, and transmit a payment authorization request from a remote location to at least one payment system, either directly, or via a payment system directory and/or a SSL Gateway.

Claims

1. A method, comprising:

receiving, at a payment directory computer, a payment request for a transaction;

determining, by the payment directory computer, a first payment system for processing at least a portion of the transaction;

transmitting, by the payment directory computer and to the first payment system, a first authorization request related to at least a portion of the transaction;

receiving, at the payment directory computer and from the first payment system, a first authorization response associated with the first authorization request;

in response to the first authorization response indicating at least one of a decline or a partial authorization, determining, by the payment directory computer, a second payment system for processing at least a portion of the transaction;

transmitting, to the second payment system, a second authorization request related to at least a portion of the transaction;

receiving, from the second payment system, a second authorization response associated with the second authorization request; and

,

transmitting a payment response based upon the payment request and at least one of the first authorization response or the second authorization response.

2. The method of claim 1, wherein at least one of the determining the first payment system or the determining the second payment system comprises querying a payment system directory.

3. The method of claim 2 wherein the querying the payment system directory comprises transmitting a payment directory request to the payment system directory with at least one selection parameter, wherein the selection parameter is associated with at least one of an account owner associated with the payment request or a merchant associated with the transaction, wherein the payment system directory parses the payment directory request, creates a query based upon the parsed payment directory request and executes the query against a payment system database.

4. The method of claim 3, wherein the payment system directory transmits a plurality of candidate payment systems in response to the payment directory request and wherein the payment directory computer applies a predetermined rule to select the first payment system from the plurality of candidate payment systems.

5. The method of claim 1, wherein the determining the second payment system comprises determining the second payment system based upon a predetermined rule.

6. The method of claim 5, wherein the predetermined rule is at least partially based upon at least one of the payment request, a merchant system, a requesting device, a merchant who submitted a payment request, a POS device attribute, a purchaser transaction device attribute, a transaction amount, an account holder, a transaction account, a proxy account identifier, a transaction account issuer, an alternate account associated with a transaction account, an overdraft rule, an overdraft account, an acquiring financial institution, a point of sale device, a point of service (POS) device associated with the transaction, a merchant associated with a POS device, a geographic location, a geographic location associated with the transaction, a code, a product associated with the transaction, a merchant associated with the transaction, a date a user data input, a first budget associated with a first account and with budget information, budget information associated with the payment request, an expiration date associated with a rewards program, a points balance associated with a second rewards program, an expiration date associated with a rewards program, a points balance associated with a rewards account, or an allowance.

7. The method of claim 1, wherein at least a portion of the payment request is received from at least one of a merchant system, a point of sale (POS) device, a wireless POS device, a transaction card, a wireless transaction device, a website, an electronic commerce system, a wallet system associated with a purchaser, or a purchaser transaction device.

8. The method of claim 1, wherein at least a portion of the payment request is received from a merchant system via at least one of an Internet, a gateway, and an SSL Gateway.

9. The method of claim 1, wherein the payment directory computer is part of an SSL gateway.

10. The method of claim 1, wherein at least a portion of the payment response is transmitted to at least one of a merchant system, a point of sale (POS) device, a wireless POS device, a transaction card, a wireless transaction device, a website, an electronic commerce system, a wallet system associated with a purchaser, or a purchaser transaction device.

11. The method of claim 1, wherein in response to the first authorization response indicating a partial authorization, the second payment system being at least partially determined based upon the partial authorization.

12. The method of claim 1, wherein in response to the first authorization response indicating a partial authorization, an amount of the second authorization request is based upon a transaction amount associated with the payment request minus an amount substantially equal to a partial payment amount associated with the partial authorization.

13. The method of claim 1, further comprising:

calculating the percentage of the partial payment relative to a transaction amount associated with the payment request; and

, in response to the percentage of the partial payment being less than a predetermined threshold, setting an amount of the second authorization request equal to the transaction amount associated with the payment request.

14. The method of claim 1, wherein in response to the first authorization response indicating a partial authorization, determining the second authorization request based upon a transaction amount associated with the payment request and determining the payment response based upon the second authorization response.

15. A tangible machine-readable medium having stored thereon computer-executable instructions that, if executed by a computing device, cause the computing device to perform a method comprising:

receiving a payment request for a transaction;

determining a first payment system for processing at least a portion of the transaction;

transmitting, to the first payment system, a first authorization request related to at least a portion of the transaction;

receiving, from the first payment system, a first authorization response associated with the first authorization request;

in response to the first authorization response indicating at least one of a decline or a partial authorization;

determining, by the payment directory computer, a second payment system for processing at least a portion of the transaction;

transmitting, to the second payment system, a second authorization request related to at least a portion of the transaction;

receiving, from the second payment system, a second authorization response associated with the second authorization request; and

,

transmitting a payment response based upon the payment request and at least one of the first authorization response or the second authorization response.

16. A method, comprising:

determining, by a POS device, a first payment system for processing at least a portion of a transaction;

transmitting, by the POS device, a first authorization request related to at least a portion of the transaction to the first payment system;

receiving, at the POS device, a first authorization response associated with the first authorization request from the first payment system; and

,

in response to the first authorization response indicating at least one of a decline or a partial authorization, determining, by the POS device, a second payment system for processing at least a portion of the transaction;

transmitting a second authorization request related to at least a portion of the transaction to the second payment system; and

,

receiving a second authorization response associated with the second authorization request from the second payment system.

17. The method of claim 16, wherein at least one of the determining the first payment system or the determining the second payment system comprises querying at least one of a payment system directory or a cached system payment directory.

18. The method of claim 16, wherein the determining the first payment system comprises querying a cached payment system directory, and wherein the transmitting the second authorization request comprises the querying the cached payment system directory, and wherein the second authorization response is received from the cached payment system directory.

19. The method of claim 16, wherein the POS device is a mobile device.

20. The method of claim 16, wherein the determining the second payment system comprises determining the second payment system based upon a predetermined rule, wherein the predetermined rule is based upon at least one of the payment request, a merchant system, a requesting device, a merchant who submitted a payment request, a purchaser transaction device attribute, a transaction amount, an account holder, a transaction account, a proxy account identifier, a transaction account issuer, an alternate account associated with a transaction account, an overdraft rule, an overdraft account, an acquiring financial institution, a point of sale device, the point of service (POS) device associated with the transaction, a POS device attribute, a merchant associated with the POS device, a geographic location, a geographic location associated with the transaction, a code, a product associated with the transaction, a merchant associated with the transaction, a date a user data input, a first budget associated with a first account and with budget information, budget information associated with the payment request, an expiration date associated with a rewards program, a points balance associated with a second rewards program, an expiration date associated with a rewards program, a points balance associated with a rewards account, or an allowance.