LATENCY PAYMENT SETTLEMENT APPARATUSES, METHODS AND SYSTEMS
First Claim
1. A latency payment settlement processor-implemented method to transform a latency payment method request into a latency payment, comprising:
- obtaining latency payment method request having;
a consumer specified payment method, a consumer currency type, a merchant currency type, and a merchant item currency amount;
determining a latency payment period associated with the latency payment method request;
determining a latency buffer amount based on the latency payment method request and the latency payment period;
generating a latency payment request by summing the latency buffer amount to the merchant item currency amount and structuring the summed amounts according to the latency payment period; and
providing the latency payment request.
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Abstract
The LATENCY PAYMENT SETTLEMENT APPARATUSES, METHODS AND SYSTEMS (“LPS”) transforms latency payment request inputs via LPS components into latency payment requests. In one embodiment, a method is disclosed comprising obtaining a latency payment method request and determining a latency payment period associated with the latency payment method request. The method includes determining a consumer item currency amount by applying a currency conversion factor to the merchant item currency amount. The method also determines a latency buffer amount based on the latency payment method request, generates a latency payment request by summing the latency buffer amount to the consumer item currency amount and structuring the summed amounts according to the patency payment period, and provides the latency payment request. In some embodiments LPS may determine the latency payment request according to maximized remittance aspects associated with a consumer specified payment method so as to optimize system wide remittance results.
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Citations
26 Claims
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1. A latency payment settlement processor-implemented method to transform a latency payment method request into a latency payment, comprising:
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obtaining latency payment method request having;
a consumer specified payment method, a consumer currency type, a merchant currency type, and a merchant item currency amount;determining a latency payment period associated with the latency payment method request; determining a latency buffer amount based on the latency payment method request and the latency payment period; generating a latency payment request by summing the latency buffer amount to the merchant item currency amount and structuring the summed amounts according to the latency payment period; and providing the latency payment request. - View Dependent Claims (2)
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3. A latency payment settlement processor-implemented method to transform a latency payment method request into a latency payment request, comprising:
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obtaining latency payment method request having;
a consumer specified payment method, a consumer currency type, a merchant currency type, and a merchant item currency amount;determining a latency payment period associated with the latency payment method request; determining a consumer item currency amount by applying a currency conversion factor to the merchant item currency amount; determining a latency buffer amount based on the latency payment method request and the latency payment period; generating a latency payment request by summing the latency buffer amount to the consumer item currency amount and structuring the summed amounts according to the latency payment period; and providing the latency payment request. - View Dependent Claims (4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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Specification