Methods and systems for providing enhanced data for co-brand payment card transactions

US8285592B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Brad Michael Tomchek · Holden, US
• Robert D. Reany · New Canaan, US
• Michael Koch · Radebeul, DE
• Edward Cletus Seaver · Sandy Hook, US
• Jonathan Robert Powell · Rye Brook, US

Key dates

• Filing date: Dec 15, 2009
• Grant date: Oct 9, 2012
• Expiry date: Oct 21, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system for processing a financial transaction using an enhanced payment card through a multi-party payment card interchange network are provided. An authorization request message generated at a point of sale (POS) device associated with a merchant is received at a computer associated with the interchange network. The authorization request message includes a card identifier and relates to a transaction initiated by the cardholder with the merchant using the enhanced payment card. The transaction is electronically identified as involving the enhanced payment card by matching the received card identifier to a list of card identifiers stored within a database. A product code identifying the transaction as an enhanced payment card transaction is electronically added to the authorization request message. The merchant is instructed to transmit to the interchange computer an addendum file including enhanced transaction data for the enhanced payment card transaction.