System and method for a payment system directory
First Claim
1. A method, comprising:
- querying, by a merchant computer based system for selecting payment systems for facilitating the processing of a transaction, a directory of payment systems to select a candidate payment system from a plurality of candidate payment systems to process the transaction based on attributes of the transaction, wherein the transaction does not comprise a previously established payment system associated with the transaction, and wherein a database is configured to store the directory of candidate payment systems; and
interacting, by the merchant computer based system, directly with a payment system computer associated with the selected payment system to at least partially process the transaction;
wherein the querying and the interacting are not performed by an acquiring bank.
6 Assignments
0 Petitions
Accused Products
Abstract
Dynamically enabling and facilitating businesses or other entities to locate and transact with payment systems for the purpose of processing payments. A customer interacts with a supplier of an item (e.g., goods or services), selects an item for purchase, and provides the supplier with payment criteria. The supplier queries a payment system directory to locate candidate payment systems for the transaction. The supplier then interacts directly with one or more of the payment systems to partially or fully process payment for the transaction. Alternatively, the supplier interacts with a gateway service, which queries a payment system directory to locate candidate payment systems and then interacts with one or more of the payment systems to process payment for the transaction.
100 Citations
8 Claims
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1. A method, comprising:
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querying, by a merchant computer based system for selecting payment systems for facilitating the processing of a transaction, a directory of payment systems to select a candidate payment system from a plurality of candidate payment systems to process the transaction based on attributes of the transaction, wherein the transaction does not comprise a previously established payment system associated with the transaction, and wherein a database is configured to store the directory of candidate payment systems; and interacting, by the merchant computer based system, directly with a payment system computer associated with the selected payment system to at least partially process the transaction; wherein the querying and the interacting are not performed by an acquiring bank. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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Specification