Systems and Methods for Processing Payment Transactions
First Claim
1. A computer-implemented method for processing proposed transactions, the method comprising:
- storing, by a service provider system comprising one or more computers, one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction;
receiving, by the service provider system from a merchant computer, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device;
evaluating, by the service provider system utilizing the one or more issuer rules, the proposed transaction; and
determining, by the service provider system based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied.
5 Assignments
0 Petitions
Accused Products
Abstract
Embodiments of the disclosure can include systems and methods for processing transactions. In one embodiment, a computer-implemented method for processing proposed transactions can be provided. The method can include storing, by a service provider system comprising one or more computers, one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receiving, by the service provider system from a merchant computer, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system utilizing the one or more issuer rules, the proposed transaction; and determining, by the service provider system based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied.
24 Citations
6 Claims
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1. A computer-implemented method for processing proposed transactions, the method comprising:
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storing, by a service provider system comprising one or more computers, one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receiving, by the service provider system from a merchant computer, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system utilizing the one or more issuer rules, the proposed transaction; and determining, by the service provider system based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied. - View Dependent Claims (2)
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3. A system for processing proposed transactions, the system comprising:
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at least one memory configured to store computer-executable instructions; and at least one processor configured to access the at least one memory and execute the computer-executable instructions to; store one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receive information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluate, utilizing the one or more issuer rules, the proposed transaction; and determine, based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied. - View Dependent Claims (4)
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5. A method for processing proposed transactions, the method comprising:
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storing one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receiving information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, utilizing the one or more issuer rules, the proposed transaction; and determining, based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied. - View Dependent Claims (6)
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Specification