Merchant data cleansing in clearing record

US8620806B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Ana Paula Martinez Prada Peyser · Key Biscayne, US
• Bruce William Mac Nair · Stamford, US
• Cristobel Kay von Walstrom · Greenwich, US
• Gary Randall Horn · Austin, US
• Jason Alexander Korosec · معلمی نژاد, US
• Kimberly Ann Martin · Maryville, US
• Peter Julian Ramon Antonio R. Flor · O'Fallon, US
• Raegen Ann-Marie Lang · Fairview Heights, US
• Richard T. Flynn · Peoria, US
• Todd Christian Lowenberg · Redding, US
• Thomas Joseph Sellner · Dardenne Prairie, US

Key dates

• Filing date: Jul 13, 2012
• Grant date: Dec 31, 2013
• Expiry date: Jul 13, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A network operator intermediates a cashless transaction by sending a payment device issuer an outbound clearing data file enriched with cleansed merchant data. Issuers that choose to participate in the merchant data cleansing service will be provided with the cleansed, and optionally augmented, merchant information. Providing this data to the issuer could be used to help reduce costs associated with “do not recognize” calls by cardholders, disputed charges, and charge-backs. With cleansed data provided in the clearing record, a device holder would be given access to this cleansed information about the merchant where a transaction took place through their statement. The present disclosure also provides for augmenting the clearing record data to include merchant-specific add-on and/or aggregate data not presently included in the transaction clearing record, yet useful to the issuer both in form and content.