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System and method for selection of payment systems from a payment system directory to process a transaction

  • US 8,719,161 B2
  • Filed: 12/15/2011
  • Issued: 05/06/2014
  • Est. Priority Date: 06/30/2003
  • Status: Expired due to Fees
First Claim
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1. A method, comprising:

  • receiving, by a computer-based system, a request to process a transaction associated with an account accessed using an access identification, the request comprising payment criteria;

    querying, by the computer-based system, a directory of payment systems to locate payment systems to process the transaction based at least in part upon the payment criteria;

    receiving, by the computer-based system, an identification of the located payment systems based at least in part upon a strength of an authentication method used by the located payment systems to authenticate the access identification; and

    negotiating a transaction fee or price charged by the at least one located payment system to process the transaction based at least in part upon the strength of the authentication method.

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