Interactive interchange rate decisioning
First Claim
1. A method for providing transaction fee information to a customer, the method comprising:
- using a receiver module in communication with an electronic communication network, receiving a transaction data object;
using a processor module in communication with the receiver, identifying a transaction fee based on the transaction data object; and
using a transmitter module in communication with the electronic communication network, transmitting to the customer at a point of sale platform a transaction fee data object that comprises the transaction fee information.
1 Assignment
0 Petitions
Accused Products
Abstract
Apparatus and methods for providing transaction fee information to a customer. The apparatus and methods may provide to a customer at a merchant point of sale terminal information regarding a transaction fee. The transaction may be based on the customer'"'"'s credit card or other purchasing instrument. The transaction fee may be imposed by an issuer of the credit card. The merchant may be required to pay the fee. The point of sale terminal may be configured to provide an opportunity for the customer to decide, based on the transaction fee, whether to continue the transaction or obtain information about fees associated with other credit cards.
23 Citations
14 Claims
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1. A method for providing transaction fee information to a customer, the method comprising:
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using a receiver module in communication with an electronic communication network, receiving a transaction data object; using a processor module in communication with the receiver, identifying a transaction fee based on the transaction data object; and using a transmitter module in communication with the electronic communication network, transmitting to the customer at a point of sale platform a transaction fee data object that comprises the transaction fee information. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. One or more computer-readable media storing computer-executable instructions which, when executed by a processor on a computer system, perform a method for providing transaction fee information to a customer, the method comprising:
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receiving a transaction data object from a point of sale (“
POS”
) interactive device;identifying a transaction fee based on the transaction data object; and transmitting to the POS a transaction fee data object that comprises the transaction fee information. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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Specification