Systems and methods for partial authorization of electronic transactions
US10552841B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Dec 15, 2016 |
| Grant date | Feb 4, 2020 |
| Priority date | — |
| Expiry date | Jan 28, 2038 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/405
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for managing payment submissions includes receiving, at an acquirer computing system, an authorization request submitted by a merchant computing system for a transaction of a predefined amount, the merchant computing system being associated with a merchant, and the authorization request identifying account information for an account that is associated with a payment card network and an issuer processor; and re-transmitting the authorization request for less than the predefined amount and greater than a configurable threshold value, until the authorization request is approved by the issuer processor or until the authorization request falls below the configurable threshold value.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.