Message delay estimation system and method

US11423401B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Michael Mori · San Mateo, US
• Gourab Basu · Rue de l'Église, US

Key dates

• Filing date: Feb 28, 2018
• Grant date: Aug 23, 2022
• Expiry date: Nov 8, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/4097
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A clearing delay estimate may be employed that provides issuers with an accurate estimate for when a transaction will be cleared, thus providing more transparency to issuers to more efficiently manage funds. An algorithm may be employed to estimate clearance timing information and insert the timing information into communications with the issuer or other parties to a transaction involving a payment device. The estimated clearance timing information may be determined based on machine learning and other artificial intelligence techniques using historical data related to clearance timing for the particular entities involved in each transaction.