Fees and foreign currency exchange calculation
US9430759B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 8, 2014 |
| Grant date | Aug 30, 2016 |
| Priority date | — |
| Expiry date | Sep 8, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Various methods, apparatus, and systems are disclosed for calculating a fee linked to an online financial transaction, with improved flexibility and availability through caching and refreshing of fee calculation data. In one embodiment, a method includes extracting fee calculation data into a data cache associated with control data that is updated in response to refreshing of the data cache; receiving a fee calculation request linked to an online transaction associated with a fee type, a country code, and a client identifier; and then selecting, by looking up the data cache, a base fee from either a default fee determined by the fee type and the country code or from an overriding fee associated with the client identifier. The method further includes calculating a transaction fee for the online transaction based at least in part on the base fee; and verifying the control data to transmit the calculated transaction fee.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.