Methods and systems for processing transactions

US9978199B2 · kind B2 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• SuZanne Rogers · Valley, US
• Timothy Horton · Papillion, US
• Gary J. Trainor · Duluth, US

Key dates

• Filing date: Mar 21, 2012
• Grant date: May 22, 2018
• Expiry date: Mar 28, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems are provided for processing a transaction between a first party and a second party. Information defining terms of the transaction and identifying a presentation instrument are received at a host system. Preference information associated with the presentation instrument is retrieved with the host system. The preference information specifies terms for an allocation of transaction amounts among multiple transaction types. An amount for the transaction is allocated among the transaction types in accordance with terms of the transaction and the terms for the allocation.