Computerized transaction routing system and methods useful in conjunction therewith

A non-transitory computer readable storage medium having instructions stored thereon that, when executed on a processor, perform a method comprising:

• receiving a request to initiate a first transaction from a merchant, the request including a first transaction data entity associated with the first transaction, the first transaction data entity including one or more transaction data entity components, the request further including information identifying the merchant, using a processor to identify one or more pre-imposed routing rules associated with the merchant;
• determining that none of the one or more pre-imposed routing rules associated with the merchant is applicable to the first transaction data entity;
• identifying, using a transaction processing analyzer, at least a first system rule;
• analyzing, using the at least first system rule, the first transaction in view of current payment processor statistics stored in a datastore, wherein the at least first system rule comprises a rule specifying an up/down status and wherein the datastore of current payment processor statistics includes statistics quantifying up/down status of each of a plurality of payment processors, and wherein the statistics quantifying up/down status are gathered by proactively requesting, by generating API calls to each of the plurality of payment processors, data characterizing a handling of each of a plurality of transactions by the plurality of payment processors and storing the data characterizing the handling in the datastore;
• determining which payment processor among the plurality of payment processors to route the first transaction based on the analysis;
• routing the first transaction data entity to the selected payment processor for authorization processing of the first transaction;
• receiving an authorization response from the selected payment processor.

A system, comprising:

• a communication device to receive a request to initiate a transaction;
• a processor coupled to the communication device;
• and
• a computer storage device in communication with the processor and storing instructions adapted to be executed by the processor to:
• receiving a request to initiate a first transaction from a merchant, the request including a first transaction data entity associated with the first transaction, the first transaction data entity including one or more transaction data entity components, the request further including information identifying the merchant, using a processor to identify one or more pre-imposed routing rules associated with the merchant;
• determining that none of the one or more pre-imposed routing rules associated with the merchant is applicable to the first transaction data entity;
• identifying, using a transaction processing analyzer, at least a first system rule;
• analyzing, using the at least first system rule, the first transaction in view of current payment processor statistics stored in a datastore, wherein the at least first system rule comprises a rule specifying an up/down status and wherein the datastore of current payment processor statistics includes statistics quantifying up/down status of each of a plurality of payment processors, and wherein the statistics quantifying up/down status are gathered by proactively requesting, by generating API calls to each of the plurality of payment processors, data characterizing a handling of each of a plurality of transactions by the plurality of payment processors and storing the data characterizing the handling in the datastore;
• determining which payment processor among the plurality of payment processors to route the first transaction based on the analysis;
• routing the first transaction data entity to the selected payment processor for authorization processing of the first transaction;
• receiving an authorization response from the selected payment processor.