System and method for pricing of merchant accounts

US8543502B2 · kind B2 · utility

Assignee

• PAYMENTECH, LLC · US

Inventors

• Jeremy A. Smith · Westerville, US
• Kathleen Adams · Long Beach, US
• Mike Jarosz · Dallas, US
• Etta J. Angton · Sachse, US
• Greg Everly · Coppell, US
• Robert K. Holt · Dallas, US
• Daniel Lingerfelt · Greenville, US

Key dates

• Filing date: Sep 28, 2010
• Grant date: Sep 24, 2013
• Expiry date: Dec 21, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for managing merchant payment transaction processing accounts is provided. The system includes a merchant initialization system that receives merchant account data from a user, such as to provide a quote to the merchant for payment processing. A transaction pricing system receives the merchant account data and provides transaction pricing data for payment transaction processing in response to the merchant account information. User access to one or more merchant account pricing algorithms that are used generate the merchant account pricing data in response to the merchant account data is restricted to a predetermined set of users, so as to prevent unauthorized users from obtaining access to the merchant account pricing algorithms.