SYSTEM AND METHOD FOR PROCESSING PAYMENT TRANSACTIONS
First Claim
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1. A method of processing a payment transaction, comprising:
- performing, by an entity, an authentication process on payment account data for a payment account used to conduct the payment transaction by processing the payment account data to generate an indication of whether the payment account is a valid payment account;
performing, by a payment processing network, a transaction processing operation by processing data regarding the payment transaction, the transaction processing operation being other than the authentication process to generate an indication of whether the payment account is a valid payment account that is performed by the entity, the payment processing network being operated by a payment processing organization that is different from the entity performing the authentication process; and
providing the results of the processing by the entity and the processing by the payment processing network to an issuer to enable the issuer to approve or deny the payment transaction.
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Abstract
A system and associated data processing flow for processing payment transactions that are conducted using a payment account or portable consumer device. The portable consumer device may be in any suitable form, including cards, key fobs, devices containing a contactless element, smart cards (having contacts or without contacts), etc. The invention separates the authentication of the payment account or payment device from the transaction authorization process, enabling different entities to be responsible for each of those functions.
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Citations
20 Claims
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1. A method of processing a payment transaction, comprising:
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performing, by an entity, an authentication process on payment account data for a payment account used to conduct the payment transaction by processing the payment account data to generate an indication of whether the payment account is a valid payment account; performing, by a payment processing network, a transaction processing operation by processing data regarding the payment transaction, the transaction processing operation being other than the authentication process to generate an indication of whether the payment account is a valid payment account that is performed by the entity, the payment processing network being operated by a payment processing organization that is different from the entity performing the authentication process; and providing the results of the processing by the entity and the processing by the payment processing network to an issuer to enable the issuer to approve or deny the payment transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for processing a payment transaction, comprising:
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a merchant data processing system configured to receive payment account data from a consumer and in response to generate a request for authorization of the payment transaction; an entity configured to receive the payment account data and to process the received data to determine whether the payment account is a valid payment account; a payment processing network operated by a payment processing organization and configured to receive the request for authorization of the payment transaction and to process the request to determine if the payment transaction should be authorized; and an issuer configured to receive an output from the entity and from the payment processing network and to process the received outputs to determine whether to approve or deny the payment transaction. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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17. A method of processing a payment transaction, comprising:
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receiving, from a first payment processing network operated by a first payment processing organization, confirmation that a payment account used to conduct the payment transaction is a valid payment account; processing, by a second payment processing network operated by a second payment processing organization, an authorization request message for the payment transaction to determine if the payment transaction is authorized; and providing the confirmation that the payment account is a valid payment account and the determination of whether the payment transaction is authorized to an issuer. - View Dependent Claims (18, 19, 20)
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Specification