Recurring transaction processing

US8095464B2 · kind B2 · utility

Assignee

• Vista International Service Association · US

Inventors

• Barbara Patterson · South San Francisco, US
• Donald Rowberry · San Mateo, US

Key dates

• Filing date: May 12, 2010
• Grant date: Jan 10, 2012
• Expiry date: May 12, 2030

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L63/102
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Techniques for processing of recurring payments are provided that allow a consumer to decide whether to update consumer account information at a merchant when a consumer is issued new account information for a payment card or the like. For example, a consumer may register with a payment processing network associated with the consumer's payment card. During registration, the consumer may indicate the payment card number and expiration date, the name of merchants that the consumer pays on a recurring basis using the payment card and the corresponding merchant website addresses, in what form the consumer would like to receive alerts (e.g. text message, email), and when to receive alerts (e.g. a particular number of days prior to the expiration date). The payment processing network sends the consumer an alert message based on the preferences indicated during registration, including the names and website links for each merchant indicated during registration. The consumer can use the alert message to access the merchant websites and update the account information for a new payment card.