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Method and apparatus for integrated payments processing and decisioning for internet transactions

  • US 7,333,953 B1
  • Filed: 10/31/2000
  • Issued: 02/19/2008
  • Est. Priority Date: 10/31/2000
  • Status: Expired due to Term
First Claim
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1. An apparatus that provides a decisioning solution to a merchant, wherein said merchant accepts Internet transactions from participating parties and that facilitates processing of payments between said participating parties and said merchant, comprising:

  • means for said merchant receiving from at least one participating party of said participating parties at least one Internet transaction on a Web page of said merchant;

    responsive to receiving said at least one Internet transaction, means for said merchant'"'"'s Web page processing said at least one Internet transaction that creates a first transaction message in a predetermined format that comprises an embedded order ID and sending said message to an enterprise decision engine;

    responsive to receiving said first transaction message, means for said enterprise decision engine;

    authenticating said at least one participating party;

    reporting to said merchant suspicious activity by any of said at least one participating party; and

    creating and providing a decisioning solution to said merchant, wherein said decisioning solution indicates clearance to said merchant to transact with said at least one participating party and wherein said decisioning solution is based on a determined risk of said at least one participating party; and

    means for said merchant, responsive to receiving said decisioning solution from said enterprise decision engine, sending to said enterprise decision engine a second transaction message in said predetermined format comprising said order ID and, if available, purchase information data, seller information data, shipping data information data, auction information data, buyer entered data, source generated data, client maintained data, buyer data, and additional credit card processing information data;

    responsive to receiving said second transaction message, means for said enterprise decision engine processing said second transaction message and creating a third transaction message in a NACHA format for when said second transaction message is based on an electronic check and sending said NACHA formatted message to an associated automated clearing house (ACH) and in an FDMS format for when said second transaction message is based on a credit card and sending said FDMS formatted message to a first data merchant service (FDMS);

    means for said enterprise decision engine, responsive to receiving said second transaction message, determining and indicating approval for shipment of goods and services by said merchant using risk analysis and guaranteeing payment to the merchant after shipment of goods and services and insurance against fraud after shipment of goods;

    means for said merchant, when desired, initiating and processing a refund and subsequent ACH credit using said order ID to identify said at least one Internet transaction to confirm correct transaction; and

    means for said merchant, when desired, initiating and processing a return and subsequent FDMA credit using said order ID to identify said at least one Internet transaction to confirm correct transaction.

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