Payment system

US11669816B2 · kind B2 · utility

Assignee

• VISA EUROPE LIMITED · GB

Inventors

• Peter Winfield-Chislett · London, GB
• Westley Stringfellow · London, GB
• Itamar Lesuisse · London, GB
• Veronica Casabonne · London, GB
• Raymond Tamblyn · London, GB

Key dates

• Filing date: Nov 18, 2019
• Grant date: Jun 6, 2023
• Expiry date: Nov 18, 2039

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L67/63
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments of the invention provide a method of processing payment authorization requests for payment transactions to be conducted via a data communications network; the payment authorization requests are conducted as a result of orders by financial account holders via a plurality of different online merchant systems, and the financial account holders hold accounts with a plurality of different issuing banks. These embodiments of the invention provide a means of identifying an issuing bank from a plurality of issuing banks as one which is to be utilized in a given transaction and facilitate a user specifying, in real time in relation to the given transaction, a particular bank account that is to be used to deduct funds for that transaction.