SYSTEM AND METHOD FOR SELECTION OF PAYMENT SYSTEMS FROM A PAYMENT SYSTEM DIRECTORY TO PROCESS A TRANSACTION
First Claim
1. A method, comprising:
- querying, by a computer based system for identifying a payment system for facilitating processing of a transaction, a directory of payment systems to locate a payment system to process the transaction based at least in part upon payment criteria, wherein the querying is not performed by an acquiring bank;
receiving, by the computer based system, an identification of the located payment system; and
transmitting, by the computer based system, the identification of the located payment system for processing the transaction.
5 Assignments
0 Petitions
Accused Products
Abstract
Dynamically enabling and facilitating businesses or other entities to locate and transact with payment systems for the purpose of processing payments. A customer interacts with a supplier of an item (e.g., goods or services), selects an item for purchase, and provides the supplier with payment criteria. The supplier queries a payment system directory to locate candidate payment systems for the transaction. The supplier then interacts directly with one or more of the payment systems to partially or fully process payment for the transaction. Alternatively, the supplier interacts with a gateway service, which queries a payment system directory to locate candidate payment systems and then interacts with one or more of the payment systems to process payment for the transaction.
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Citations
20 Claims
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1. A method, comprising:
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querying, by a computer based system for identifying a payment system for facilitating processing of a transaction, a directory of payment systems to locate a payment system to process the transaction based at least in part upon payment criteria, wherein the querying is not performed by an acquiring bank; receiving, by the computer based system, an identification of the located payment system; and transmitting, by the computer based system, the identification of the located payment system for processing the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A system comprising:
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a tangible, non-transitory memory communicating with a processor for identifying a payment system for facilitating processing of a transaction, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; querying, by the processor, a directory of payment systems to locate a payment system to process the transaction based at least in part upon payment criteria, wherein the querying is not performed by an acquiring bank; receiving, by the processor, an identification of the located payment system; and transmitting, by the processor, the identification of the located payment system for processing the transaction.
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20. An article of manufacture including a non-transitory, tangible computer readable medium having instructions stored thereon that, in response to execution by a computer-based system for identifying a payment system for facilitating processing of a transaction, cause the computer-based system to perform operations comprising:
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querying, by the computer based system, a directory of payment systems to locate a payment system to process the transaction based at least in part upon payment criteria, wherein the querying is not performed by an acquiring bank; receiving, by the computer based system, an identification of the located payment system; and transmitting, by the computer based system, the identification of the located payment system for processing the transaction.
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Specification