System, method, and computer program product for guaranteeing a payment authorization response

A system for guaranteeing a payment authorization response during an e-commerce transaction, the system comprising:

• a payment gateway system programmed or configured to:
• determine that a payment authorization response message for a payment transaction was not received from a transaction service provider system within a predetermined period of time after a payment authorization request message for the payment transaction was transmitted to the transaction service provider system;
• generate a supplemental payment authorization request message for the payment transaction based on the payment authorization request message;
• transmit the supplemental payment authorization request message to a plurality of insurer systems;
• receive insurance response data associated with insurer rates for which the plurality of insurer systems guarantees payment of the payment transaction;
• select an insurer system from among the plurality of insurer systems to insure the payment transaction based on the insurer rates;
• determine that the payment transaction is authorized based on a quantitative risk score associated with the supplemental payment authorization request message and an insurer rate associated with the selected insurer system;
• and
• transmit a supplemental payment authorization response message to a merchant system based on determining that the payment transaction is authorized, the supplemental payment authorization response message comprising:
• at least a portion of the insurance response data associated with the insurer rate for which the selected insurer system guarantees payment of the payment transaction.

A payment gateway system comprising at least one non-transitory computer-readable medium including one or more instructions that, when executed by at least one processor, cause the at least one processor to:

• determine that a payment authorization response message for a payment transaction was not received from a transaction service provider system after a predetermined period of time has elapsed;
• in response to determining that the payment authorization response message for the payment transaction was not received, generate a supplemental payment authorization request message for the payment transaction based on a payment authorization request message;
• in response to generating the supplemental payment authorization request message, transmit the supplemental payment authorization request message to a plurality of insurer systems;
• receive insurance response data associated with insurer rates for which the plurality of insurer systems guarantees payment of the payment transaction;
• select an insurer system from among the plurality of insurer systems to insure the payment transaction based on the insurer rates;
• determine that the payment transaction is authorized based on a quantitative risk score associated with the supplemental payment authorization request message and an insurer rate associated with the selected insurer system;
• and
• transmit a supplemental payment authorization response message to a merchant system based on determining that the payment transaction is authorized, the supplemental payment authorization response message comprising:
• at least a portion of the insurance response data associated with the insurer rate for which the selected insurer system of the plurality of insurer systems guarantees payment of the payment transaction.