Systems and methods for processing payment transactions
First Claim
1. A computer-implemented method for processing proposed transactions, the method comprising:
- storing, by a service provider system comprising one or more computers, one or more issuer rules associated with one or more closed loop payment accounts permitting use of the one or more closed loop payment accounts outside of a predefined closed loop network;
receiving, by the service provider system from a merchant computer outside of the predefined closed loop network, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device;
evaluating, by the service provider system based at least in part on the one or more issuer rules and the information associated with the proposed transaction, the proposed transaction;
determining, by the service provider system based at least in part upon the evaluation a closed loop payment account of the one or more closed loop payment accounts to utilize in association with the proposed transaction; and
utilizing, by the service provider system, the closed loop payment account of the one or more closed loop payment accounts in association with the proposed transaction received from the merchant computer outside of the predefined closed loop network.
5 Assignments
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Accused Products
Abstract
Embodiments of the disclosure can include systems and methods for processing transactions. In one embodiment, a computer-implemented method for processing proposed transactions can be provided. The method can include storing, by a service provider system comprising one or more computers, one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receiving, by the service provider system from a merchant computer, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system utilizing the one or more issuer rules, the proposed transaction; and determining, by the service provider system based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied.
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Citations
14 Claims
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1. A computer-implemented method for processing proposed transactions, the method comprising:
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storing, by a service provider system comprising one or more computers, one or more issuer rules associated with one or more closed loop payment accounts permitting use of the one or more closed loop payment accounts outside of a predefined closed loop network; receiving, by the service provider system from a merchant computer outside of the predefined closed loop network, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system based at least in part on the one or more issuer rules and the information associated with the proposed transaction, the proposed transaction; determining, by the service provider system based at least in part upon the evaluation a closed loop payment account of the one or more closed loop payment accounts to utilize in association with the proposed transaction; and utilizing, by the service provider system, the closed loop payment account of the one or more closed loop payment accounts in association with the proposed transaction received from the merchant computer outside of the predefined closed loop network. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for processing proposed transactions, the system comprising:
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at least one memory configured to store computer-executable instructions; and at least one processor configured to access the at least one memory and execute the computer-executable instructions to; store one or more issuer rules associated with one or more closed loop payment accounts permitting the use of the one or more closed loop payment accounts outside of a predefined closed loop network; receive, from a merchant computer outside of the predefined closed loop network, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluate, based at least in part on the one or more issuer rules and the information associated with the proposed transaction, the proposed transaction; determine, based at least in part upon the evaluation, a closed loop payment account of the one or more closed loop payment accounts to utilize in association with the proposed transaction; and utilize the closed loop payment account of the one or more closed payment accounts in association with the proposed transaction received from the merchant computer outside of the predefined closed loop network. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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Specification