Artificial intelligence based product recommendation methods and systems for enhancing approvals of payment processing requests
US12293362B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 17, 2022 |
| Grant date | May 6, 2025 |
| Priority date | — |
| Expiry date | Jun 24, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0631
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Recommendations of one or more authorizing components are provided to issuers and/or merchants for enhancing approval rates of payment processing requests. A server system receives a payment authorization request for a payment transaction between a cardholder and a merchant in real time. Payment transaction features associated with the payment transaction are identified based on the payment authorization request. A combination of one or more authorizing components to be applied to the payment transaction is predicted to obtain a product recommendation strategy for the payment transaction. The combination of one or more authorizing components is predicted based on a trained machine learning model and the payment transaction features. The payment authorization request and the product recommendation strategy are transmitted to an issuer associated with the cardholder.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.