Merchant competition alert

• US 9,710,802 B2
• Filed: 04/26/2010
• Issued: 07/18/2017
• Est. Priority Date: 04/28/2009
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Stan, Patrick, Rewis, Ben, Carlson, Mark, Faith, Patrick, Hammad, Ayman
• Primary Examiner(s): Hamilton, Lalita M
• Application Number:
  US12/767,363
• Publication Number:
  US 20100299208A1
• Time in Patent Office: 2,640 Days
• Field of Search: 705 35
• CPC Class Codes: G06Q 20/3221 Access to banking information through M-devices
• CPC Class Codes: G06Q 30/0251 Targeted advertisements
• CPC Class Codes: G06Q 30/0267 Wireless devices

Abstract

Embodiments of the present invention are directed to a system and method for determining the products involved in a transaction, and transmitting messages containing product specific data. Systems may be implemented to product identifiers during payment processing. The messages may be sent including product identifiers, and further information regarding the products associated with the product identifiers.

Claims

1. A method comprising:

receiving, by a server computer, a product identifier in an authorization request message at a server computer for a product after the product has been purchased in a transaction conducted by a user with a first merchant computer of a first merchant, the product having a first merchant price;

accessing, by the server computer, a database including product data associated with the product identifier and a plurality of notification templates;

selecting, by the server computer, the product data associated with the product identifier stored in the database;

selecting, by the server computer, a notification template based on the product data from the plurality of notification templates stored in the database;

formatting, using the server computer, a product alert indicator, by populating the selected notification template with at least a portion of the product data associated with the product identifier, the product data including a second merchant price of the product from a second merchant;

sending, by the server computer, the product alert indicator to a user device operated by the user; and

after sending the product alert indicator, receiving the product identifier in a second authorization request message from a second merchant computer associated with the second merchant, wherein the product identifier is associated with the product in a second transaction conducted with the user with the second merchant computer.

2. The method of claim 1, wherein the second merchant price is lower than the first merchant price.

3. The method of claim 1, wherein the product data further includes an approximate distance from the user device to the second merchant.

4. The method of claim 1, wherein the product data includes a reliability assessment of the first merchant.

6. The method of claim 1, wherein the database includes a plurality of product identifiers and a plurality of product data, and each product identifier in the plurality of product identifiers is associated with product data from the plurality of product data.

7. The method of claim 1, wherein the database is located on an edge of a payment processing network.

8. The method of claim 1, wherein the user device comprises a wireless phone.

9. The method of claim 1, wherein the authorization request message is sent between the first merchant computer and a payment processing network.

10. The method of claim 1 further comprising:

sending the product alert indicator to the user device prior to the user leaving premises associated with the first merchant computer.

11. The method of claim 1, wherein the product alert indicator is generated when the first merchant price is greater than the second merchant price.

12. The method of claim 1, wherein the product alert indicator is sent to the user device after an authorization response message related to the product identifier is received from an issuer at the server computer.

13. The method of claim 1, wherein the product identifier is a SKU or UPC number.

14. The method of claim 1 wherein the authorization request message comprises a purchase amount for the transaction and a merchant category code, and wherein the authorization request message is received from the first merchant selling the product via an acquirer, and wherein the method further comprises:

sending the authorization request message to an issuer of an account associated with a portable consumer device that is used to conduct the transaction.

15. The method of claim 1, wherein the database comprises merchant data in addition to the product data, the product identifier, and the plurality of notification templates.

5. A method comprising:

receiving, by a server computer, a product identifier in an authorization request message at a server computer for a product after the product has been purchased in a transaction conducted by a user with a first merchant computer, the product having a first merchant price;

accessing, by the server computer, a database including product data associated with the product identifier and a plurality of notification templates,

wherein the product data includes a reliability assessment of a first merchant associated with the first merchant computer and wherein the reliability assessment is based on customer review data or a percentage likelihood that the first merchant will file for bankruptcy;

selecting, by the server computer, the product data associated with the product identifier stored in the database;

selecting, by the server computer, a notification template based on the product data from the plurality of notification templates stored in the database;

formatting, using the server computer, a product alert indicator, by populating the selected notification template with at least a portion of the product data associated with the product identifier, the product data including a second merchant price of the product from a second merchant;

sending, by the server computer, the product alert indicator to a user device operated by the user; and

after sending the product alert indicator, receiving the product identifier in a second authorization request message from a second merchant computer associated with the second merchant, wherein the product identifier is associated with the product in a second transaction conducted with the user with the second merchant computer.

16. A method comprising:

conducting a transaction by a user with a first merchant computer for a product having a first merchant price, the product associated with a product identifier,

wherein the product identifier is transmitted in an authorization request message to a server computer;

receiving a product alert indicator at a user device after the product has been purchased,

wherein the product alert indicator is generated from a database including product data and a plurality of notification templates,

wherein the product alert indicator including product data associated with the product identifier that was formatted by the server computer using a selected notification template based on the product data from the plurality of notification templates stored in the database, the product data including a second merchant price of the product from a second merchant;

conducting a second transaction by the user with a second merchant computer for the product having the second merchant price,

wherein the product identifier is transmitted in a second authorization request message to the server computer; and

receiving a second product alert indicator at the user device,

wherein the second product alert indicator is associated with the second merchant, wherein the product identifier is associated with the product in the second transaction conducted with the user with the second merchant computer.

17. The method of claim 16, wherein the second merchant price is lower than the first merchant price.

18. The method of claim 16, wherein the user device comprises a wireless phone.

19. The method of claim 16, wherein the product alert indicator includes product data on one or more related products.

20. The method of claim 16 wherein the authorization request message comprises a purchase amount for the transaction and a merchant category code, and wherein the authorization request message is received from a first merchant selling the product via an acquirer, and wherein the method further comprises:

sending the authorization request message to an issuer of an account associated with a portable consumer device that is used to conduct the transaction.

21. A system comprising:

a database comprising product data associated with product identifiers for products and a plurality of notification templates; and

a server computer coupled to the database, wherein the server computer comprises a processor and a computer-readable medium coupled to the processor, the computer-readable medium comprising code executable by the processor for implementing a method comprising;

receiving a product identifier in an authorization request message at the server computer for a product after the product has been purchased in a transaction conducted by a user with a first merchant computer, the product having a first merchant price;

selecting the product data associated with the product identifier stored in the database;

selecting a notification template based on the product data from the plurality of notification templates stored in the database;

formatting a product alert indicator using the product identifier by populating the selected notification template with at least a portion of the product data associated with the product identifier, the product data including a second merchant price of the product from a second merchant;

sending the product alert indicator to a user device operated by the user; and

after sending the product alert indicator, receiving the product identifier in a second authorization request message from a second merchant computer associated with the second merchant, wherein the product identifier is associated with the product in a second transaction conducted with the user with the second merchant computer.

22. The system of claim 21, wherein the system is coupled to a payment processing network configured to process the transaction.

23. The system of claim 22, wherein the system is located on the edge of the payment processing network.

24. The system of claim 21 wherein the authorization request message comprises a purchase amount for the transaction and a merchant category code, and wherein the authorization request message is received from a first merchant selling the product via an acquirer, and wherein the method further comprises:

sending the authorization request message to an issuer of an account associated with a portable consumer device that is used to conduct the transaction.