REAL TIME ACCOUNT UPDATE

• US 20110153500A1
• Filed: 03/04/2011
• Published: 06/23/2011
• Est. Priority Date: 05/30/2007
• Status: Active Grant

• Current Assignee: Laura Digioacchino
• Original Assignee: Laura Digioacchino
• Inventors: DiGioacchino, Laura
• Granted Patent: US 9,727,863 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• 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 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/407 Cancellation of a transaction
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit. When the method is performed by a financial service provider, in response to the denial received by one merchant or prior to such denial, the financial service provider receives a transmission from the merchant including a request for information about the account. In response, the financial service provider sends the merchant the requested information.

Claims

1. In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transaction on the corresponding said accounts to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders, a computer implemented method comprising:

forming, at a merchant, a transmission destined for the merchant'"'"'s acquirer requesting a batch comparison of a plurality of said accounts to determine any changes thereto;

in response to the request for the batch comparison, receiving at the merchant a transmission from the merchant'"'"'s acquirer including the requested changes respectively to each of the accounts;

batch updating, at the merchant, the plurality of said accounts with the respective received changes thereto;

forming, at the merchant, a transmission destined for the merchant'"'"'s acquirer including a request for an authorization of a transaction on a corresponding said account of a corresponding said account holder;

receiving, at the merchant, a transmission from the merchant'"'"'s acquirer including a denial of the request for the authorization of the transaction on the corresponding said account of the corresponding said account holder in response to the request for the authorization;

in response to the received denial, forming a transmission, at the merchant, destined for the transaction handler including a request for the content of the changes to the one said account since the last batch update to the account;

receiving a transmission, at the merchant, from the transaction handler including the changes to the one said account since the last batch update to the account; and

in response to receiving the changes to the one said account since the last batch update to the one said account, querying, at the merchant, the received changes to the account against a predetermined criteria to determine whether to authorize the transaction on the corresponding said account of the corresponding said account holder.

2. The computer implemented method as defined in claim 1, wherein:

each said account holder comprises a cardholder;

the transaction handler comprises a financial service provider; and

each said request for authorization upon each said account for each said transaction by a corresponding said account holder comprises a request to extend credit upon the account of the corresponding said cardholder.

3. The computer implemented method as defined in claim 1, further comprising providing an interactive user interface to contain data corresponding to:

the request for information about one said the account for which the denial was received; and

the requested information about the one said account for which the denial was received.

4. The computer implemented method as defined in claim 2, further comprising providing means for real time access at the merchant to the financial service provider for:

sending the transmission destined for the financial service provider; and

receiving the transmission from the financial service provider including the requested information about the one said account.

5. The computer implemented method as defined in claim 4, wherein the means for real time access comprises a browser application for an network of servers.

6. A computer readable medium comprising instructions which, when executed by a computing device, performs the computer implemented method of claim 1.

7. In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transaction on the corresponding said accounts to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders, a computer implemented method comprising:

forming, at a merchant, a transmission destined for the merchant'"'"'s acquirer requesting a batch comparison of a plurality of said accounts to determine any changes thereto;

in response to the request for the batch comparison, receiving at the merchant a transmission from the merchant'"'"'s acquirer including the requested changes respectively to each of the accounts;

batch updating, at the merchant, the plurality of said accounts with the respective received changes thereto;

forming, at the merchant, a transmission destined for the merchant'"'"'s acquirer including a request for an authorization of a transaction on a corresponding said account of a corresponding said account holder;

receiving, at the merchant, a transmission from the merchant'"'"'s acquirer including a denial of the request for the authorization of the transaction on the corresponding said account of the corresponding said account holder in response to the request for the authorization;

in response to the received denial, forming a transmission, at the merchant, destined for the transaction handler including a request for the content of the changes to the one said account since the last batch update to the account;

receiving a transmission, at the merchant, from the transaction handler including the changes to the one said account since the last batch update to the account;

in response to receiving the changes to the one said account since the last batch update to the one said account, querying, at the merchant, the received changes to the account against a predetermined criteria to determine whether to authorize the transaction on the corresponding said account of the corresponding said account holder, wherein;

each said account holder comprises a cardholder;

the transaction handler comprises a financial service provider;

each said request for authorization upon each said account for each said transaction by a corresponding said account holder comprises a request to extend credit upon the account of the corresponding said cardholder; and

the means for real time access comprises a browser application for an network of servers;

providing an interactive user interface to contain data corresponding to;

the request for information about one said the account for which the denial was received; and

the requested information about the one said account for which the denial was received; and

providing means for real time access at the merchant to the financial service provider for;

sending the transmission destined for the financial service provider; and

receiving the transmission from the financial service provider including the requested information about the one said account.

8. A computer readable medium comprising instructions which, when executed by a computing device, performs the computer implemented method of claim 7.

9. In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transactions on the corresponding account to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders making the requests for authorization, a merchant computing machine comprising:

means for forming a transmission destined for the merchant'"'"'s acquirer requesting a batch comparison of a plurality of accounts for transactions to determine any changes thereto;

means, in response to the request for the batch comparison, for receiving at the merchant a transmission from the merchant'"'"'s acquirer including the requested changes respectively to each of the accounts;

means for batch updating the plurality of accounts with the respective received changes thereto;

means for forming a transmission destined for the merchant'"'"'s acquirer including a request for authorization of a transaction against one said account of a corresponding said account holder;

means for receiving a transmission from the merchant'"'"'s acquirer including a denial of the request for the authorization of the transaction in response to the request for the authorization;

means, in response to the received denial, for forming a transmission destined for the transaction handler including a request for the content of the changes to the one said account of the corresponding said account holder since the last batch update to the account;

means for receiving a transmission from the financial service provider including the changes to the one said account since the last batch update to the account; and

means, in response to receiving the changes to the one said account since the last batch update to the one said account, for querying the received changes to the account against a predetermined criteria to determine whether to authorize the transaction against the one said account of a corresponding said account holder.

10. The merchant computing machine as defined in claim 9, wherein:

each said account holder comprises a cardholder;

the transaction handler comprises a financial service provider; and

each said request for authorization of the transaction for the one said account of the corresponding said account holder comprises a request to extend credit upon the account of the corresponding said cardholder.

11. The merchant computing machine as defined in claim 9, further comprising means for providing an interactive user interface to contain data corresponding to:

the request for information about one said account for which the denial was received; and

the requested information about the one said account for which the denial was received.

12. The merchant computing machine as defined in claim 10, further comprising providing means for real time access at the merchant to the financial service provider for:

sending the transmission destined for the financial service provider; and

receiving the transmission from the financial service provider including the requested information about the one said account.

13. The merchant computing machine as defined in claim 12, wherein the means for real time access comprises a browser application for an network of servers.

14. In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transactions on the corresponding account to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders making the requests for authorization, a merchant computing machine comprising:

means for forming a transmission destined for the merchant'"'"'s acquirer requesting a batch comparison of a plurality of accounts for transactions to determine any changes thereto;

means, in response to the request for the batch comparison, for receiving at the merchant a transmission from the merchant'"'"'s acquirer including the requested changes respectively to each of the accounts;

means for batch updating the plurality of accounts with the respective received changes thereto;

means for forming a transmission destined for the merchant'"'"'s acquirer including a request for authorization of a transaction against one said account of a corresponding said account holder;

means for receiving a transmission from the merchant'"'"'s acquirer including a denial of the request for the authorization of the transaction in response to the request for the authorization;

means, in response to the received denial, for forming a transmission destined for the transaction handler including a request for the content of the changes to the one said account of the corresponding said account holder since the last batch update to the account;

means for receiving a transmission from the financial service provider including the changes to the one said account since the last batch update to the account; and

means, in response to receiving the changes to the one said account since the last batch update to the one said account, for querying the received changes to the account against a predetermined criteria to determine whether to authorize the transaction against the one said account of a corresponding said account holder, wherein;

each said account holder comprises a cardholder;

the transaction handler comprises a financial service provider;

each said request for authorization of the transaction for the one said account of the corresponding said account holder comprises a request to extend credit upon the account of the corresponding said cardholder; and

the means for real time access comprises a browser application for an network of servers;

means for providing an interactive user interface to contain data corresponding to;

the request for information about one said account for which the denial was received; and

the requested information about the one said account for which the denial was received; and

means for real time access at the merchant to the financial service provider for;

sending the transmission destined for the financial service provider; and

receiving the transmission from the financial service provider including the requested information about the one said account.