Systems And Methods For Implementing Direct Issuer - Merchant Relationships Over A General Purpose Bankcard Network
First Claim
1. A system for implementing customized issuer-merchant relationships or programs in the payment card industry that uses a general purpose bankcard network, which is linked to merchants, merchant acquirers and card issuers, for processing ordinary payment card transactions that are not covered by a customized issuer-merchant relationships, the system comprising:
- a registration of the customized issuer-merchant relationships or programs; and
a merchant screening block installed in the general purpose bankcard network, wherein the merchant screening block is configured to interrogate a transaction submitted to the network the verify whether the transaction is an ordinary transaction or is a transaction covered by a registered issuer-merchant relationship and accordingly processing the transaction.
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Accused Products
Abstract
Systems and methods for implementing customized issuer-merchant relationships or programs in the payment-by-card industry are provided. The systems and methods utilize the multi-party bankcard networks common in the industry for processing card transactions, but provide direct connectivity between issuers and merchants bypassing merchant acquirers for processing card transactions covered by the customized issuer-merchant relationships.
84 Citations
15 Claims
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1. A system for implementing customized issuer-merchant relationships or programs in the payment card industry that uses a general purpose bankcard network, which is linked to merchants, merchant acquirers and card issuers, for processing ordinary payment card transactions that are not covered by a customized issuer-merchant relationships, the system comprising:
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a registration of the customized issuer-merchant relationships or programs; and
a merchant screening block installed in the general purpose bankcard network, wherein the merchant screening block is configured to interrogate a transaction submitted to the network the verify whether the transaction is an ordinary transaction or is a transaction covered by a registered issuer-merchant relationship and accordingly processing the transaction. - View Dependent Claims (2, 3, 4, 5)
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6. A method for implementing customized issuer-merchant relationships or programs in the payment card industry that uses a general purpose bankcard network, which is linked to merchants, merchant acquirers and card issuers, for processing ordinary payment card transactions that are not covered by a customized issuer-merchant relationships, the method comprising:
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registering the customized issuer-merchant relationships or programs with the general purpose bankcard network; and
interrogating a transaction submitted to the general purpose bankcard network to verify whether the transaction is an ordinary transaction or is a transaction covered by a registered issuer-merchant relationship and accordingly processing the transaction. - View Dependent Claims (7, 8, 9, 10)
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11. Computer-readable media for implementing customized issuer-merchant relationships or programs in the payment card industry that uses a general purpose bankcard network, which is linked to merchants, merchant acquirers and card issuers, for processing ordinary payment card transactions that are not covered by a customized issuer-merchant relationship, the computer-readable media comprising executable instructions for:
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registering the customized issuer-merchant relationships or programs with the general purpose bankcard network; and
interrogating a transaction submitted to the general purpose bankcard network to verify whether the transaction is an ordinary transaction or is a transaction covered by a registered issuer-merchant relationship and accordingly processing the transaction. - View Dependent Claims (12, 13, 14, 15)
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Specification