Payment account processing which conveys financial transaction data and non financial transaction data
US10395264B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 28, 2008 |
| Grant date | Aug 27, 2019 |
| Priority date | — |
| Expiry date | Feb 26, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A payment processing system enables a consumer to purchase items at a merchant using an account provided by an issuer. Financial data related to payment for the purchase are sent by the merchant through an acquirer and a transaction expeditor to the issuer. The issuer responds by determining whether to authorize the purchase and if authorized, sends a notification back to the merchant. The acquirer also issues non-financial data that is conveyed by the transaction expeditor to a recipient connected to the payment processing system. The financial and non-financial data for the same transaction may be sent in separate messages and a technique is provided for matching those messages at the recipient. Different types of non-financial data can be conveyed, such as identification of the items being purchased which the recipient uses to determine whether the consumer should receive a reward under a product purchase incentive program.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.