Transaction authorization system and method
US7021532B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 2, 2004 |
| Grant date | Apr 4, 2006 |
| Priority date | — |
| Expiry date | Jun 2, 2024 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention includes a system and method for authorizing billing files at a substantially real-time batch authorization rate. The invention comprises a poller configured for queuing billing transaction files in real-time. In one embodiment, the invention uses advanced logic to split transactions into multiple subsets and it uses a plurality of different sized data streams to facilitate processing transactions. A card authorization system is used to process the transaction subsets. The card authorization may have one or more sockets to facilitate processing different-sized data streams. In another embodiment, the invention uses a merger to reconstruct the subsets into a billing transaction file.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.