Methods and systems for managing co-brand proprietary financial transaction processing

US8606662B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Brad Michael Tomchek · Holden, US
• Jill E. Chong · Ballwin, US
• Suman Rausaria · Ballwin, US
• Cathrine Lee Bone · Chesterfield, US
• Linda L. McCorkell · Saint Peters, US
• Shoon Ping Wong · Holden, US
• Janet Smith · Des Peres, US

Key dates

• Filing date: Apr 1, 2009
• Grant date: Dec 10, 2013
• Expiry date: Sep 16, 2030

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L63/101
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system for processing a financial transaction using a co-brand proprietary payment card through a multi-party payment card interchange network is provided. The method includes storing within a database a list of merchants participating in a co-brand program with the interchange network, receiving an authorization request for the transaction involving the co-brand payment card wherein the authorization request includes a merchant identifier, determining whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database, manipulating the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants, and transmitting an authorization response from the interchange network to the acquirer. The authorization response includes the private label identifier and designates the transaction for processing as a private label transaction.