Payment system

US8688574B2 · kind B2 · utility

Assignee

• VISA EUROPE LIMITED · GB

Inventors

• Westley Stringfellow · London, GB
• Peter Winfield-Chislett · London, GB
• Itamar Lesuisse · London, GB
• Raymond Tamblyn · London, GB
• Veronica Casabonne · London, GB

Key dates

• Filing date: Apr 1, 2009
• Grant date: Apr 1, 2014
• Expiry date: Apr 1, 2029

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L67/63
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Disclosed embodiments provide systems and methods of processing payment authorisation requests for payment transactions to be conducted via a data communications network. The method allows identification of an issuing bank from a plurality of issuing banks as one which is to be utilised in a given transaction and facilitate a user specifying, in real time in relation to the given transaction, a particular bank account that is to be used to deduct funds for that transaction.