SYSTEMS AND METHODS FOR PARTIAL AUTHORIZATION OF ELECTRONIC TRANSACTIONS

• US 20200134631A1
• Filed: 12/30/2019
• Published: 04/30/2020
• Est. Priority Date: 12/15/2016
• Status: Active Grant

• Current Assignee: Worldpay, LLC (Fidelity National Information Services Incorporated)
• Original Assignee: Worldpay, LLC (Fidelity National Information Services Incorporated)
• Inventors: DIXIT, Sunil
• Granted Patent: US 11,049,113 B2
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 20/4093 Monitoring of device authentication

Abstract

A method for managing payment submissions includes receiving, at an acquirer computing system, an authorization request submitted by a merchant computing system for a transaction of a predefined amount, the merchant computing system being associated with a merchant, and the authorization request identifying account information for an account that is associated with a payment card network and an issuer processor; and re-transmitting the authorization request for less than the predefined amount and greater than a configurable threshold value, until the authorization request is approved by the issuer processor or until the authorization request falls below the configurable threshold value.

Claims

1-20. -20. (canceled)

21. A method for managing recurring authorization requests for payment transactions, the method comprising:

receiving, at a payment processing computing system, an authorization request submitted by a merchant point of sale (POS) device for a purchase transaction, wherein the POS device is associated with a merchant, and wherein the authorization request includes account information for an account holder that is associated with a payment card network and an issuer processor; and

transmitting, by the payment processing computing system, the authorization request to the issuer processor for approving the purchase transaction for a predefined payment amount, wherein if the issuer processor declines the purchase transaction having the predefined payment amount for insufficient funds, re-transmitting the authorization request to the issuer processor for approval, wherein re-transmitting the authorization request to the issuer processor for approval comprises an iterative reduction of a reduced payment amount that is less than the predefined payment amount in each re-transmitted authorization request until an approval is received from the issuer processor by the payment processing computing system.

22. The method of claim 21, wherein the iterative reduction of the reduced payment amount comprises a reduction by an incremental percentage of the predefined payment amount.

23. The method of claim 21, wherein the iterative reduction of the reduced payment amount comprises a stepwise reduction by a unit value.

24. The method of claim 21, further comprising:

transmitting, by the payment processing computing system to the merchant POS device, indication of a declined authorization when the reduced payment amount falls below a configurable threshold value.

25. The method of claim 21, further comprising:

receiving an authorization result from the issuer processor; and

updating a dataset of historical processing results using the received authorization result.

26. The method of claim 25, further comprising:

transmitting, by the payment processing computing system to the merchant POS device, indication of an approved authorization when the issuer processor approves the authorization request.

27. The method of claim 21, wherein the purchase transaction is one of a series of recurring transactions of a predefined payment amount.

28. A non-transitory computer readable medium storing a program causing a computer to execute a method for managing payment submissions, the method comprising:

receiving, at a payment processing computing system, an authorization request submitted by a merchant point of sale (POS) device for a purchase transaction, wherein the POS device is associated with a merchant, and wherein the authorization request includes account information for an account holder that is associated with a payment card network and an issuer processor; and

transmitting, by the payment processing computing system, the authorization request to the issuer processor for approving the purchase transaction for a predefined payment amount, wherein if the issuer processor declines the purchase transaction having the predefined payment amount for insufficient funds, re-transmitting the authorization request to the issuer processor for approval, wherein re-transmitting the authorization request to the issuer processor for approval comprises an iterative reduction of a reduced payment amount that is less than the predefined payment amount in each re-transmitted authorization request until an approval is received from the issuer processor by the payment processing computing system.

29. The non-transitory computer readable medium of claim 28, wherein re-transmitting the authorization request comprises a reduction by a percentage of the predefined amount.

30. The non-transitory computer readable medium of claim 28, wherein re-transmitting the authorization request comprises a reduction by a unit value.

31. The non-transitory computer readable medium of claim 28, further comprising:

transmitting, by payment processing computing system to the merchant POS device, indication of a declined authorization when the authorization request falls below a configurable threshold value.

32. The non-transitory computer readable medium of claim 28, further comprising:

receiving an authorization result from the issuer processor; and

updating a dataset of historical processing results using the received authorization result.

33. The non-transitory computer readable medium of claim 28, further comprising:

transmitting, by the payment processing computing system to the merchant POS device, indication of an approved authorization when the issue processor approves the authorization request.

34. A computing system for managing authorization requests for payment transactions, the computing system comprising a non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:

receive, at a payment processing computing system, an authorization request submitted by a merchant point of sale (POS) device for a purchase transaction, wherein the POS device is associated with a merchant, and wherein the authorization request includes account information for an account holder that is associated with a payment card network and an issuer processor; and

transmit, by the payment processing computing system, the authorization request to the issuer processor for approving the purchase transaction for a predefined payment amount,

wherein if the issuer processor declines the purchase transaction having the predefined payment amount for insufficient funds, the instructions executed by the processor further cause the processor to re-transmit the authorization request to the issuer processor for approval, wherein re-transmitting the authorization request to the issuer processor for approval comprises an iterative reduction of a reduced payment amount that is less than the predefined payment amount in each re-transmitted authorization request until an approval is received from the issuer processor by the payment processing computing system.

35. The system of claim 34, wherein the iterative reduction of the reduced payment amount comprises a reduction by an incremental percentage of the predefined payment amount.

36. The system of claim 34, wherein the iterative reduction of the reduced payment amount comprises a stepwise reduction by a unit value.

37. The system of claim 34, wherein the instructions executed by the processor further cause the processor to:

transmit, by the payment processing computing system to the merchant POS device, indication of a declined authorization when the reduced payment amount falls below a configurable threshold value.

38. The system of claim 34, wherein the instructions executed by the processor further cause the processor to:

receive an electronic transaction result from the issuer processor; and

update a dataset of historical processing results using the received electronic transaction result.

39. The system of claim 34, wherein the instructions executed by the processor further cause the processor to:

transmit, by the payment processing computing system to the merchant POS device, indication of an approved authorization when the issuer processor approves the authorization request.

40. The system of claim 34, wherein the purchase transaction is one of a series of recurring transactions of a predefined payment amount.