Least cost routing and matching

US8886563B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Ross Sakata · Foster City, US
• Gourab Basu · Rue de l'Église, US
• Michael Mori · San Mateo, US
• Steve Cracknell · San Mateo, US
• Judson Reed · San Ramon, US

Key dates

• Filing date: Aug 30, 2012
• Grant date: Nov 11, 2014
• Expiry date: Nov 27, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are disclosed for routing a transaction based on an assessment of costs associated with multiple payment processing networks. A transaction broker server determines how to route a received authorization request message for a transaction based on a first cost associated with processing the transaction via a first payment processing network and a second cost associated with processing the transaction via a second payment processing network. If the first cost is less than or equal to the second cost, the authorization request message is routed to the first payment processing network. If the first cost exceeds the second cost, at least one rule is applied to determine whether the first cost is to be reduced. If the at least one rule is satisfied, the first cost is reduced and the authorization request message is routed to the first payment processing network.