Systems and methods for single message transactions with batch settlement

A payment system for processing single-message transactions with batch settlement, the payment system comprising:

• a processor;
• and
• a computer-readable medium storing instructions that, when executed by the processor, cause the processor to perform steps of:
• receiving a transaction authorization request comprising a dual-message payment transaction from a merchant system, wherein the transaction authorization request comprises information that the dual-message payment transaction is eligible to be converted to a single-message payment transaction, wherein another dual-message payment transaction that is not eligible for conversion of dual-message transactions to single-message transactions is to be processed by a first payment network using a dual-message transaction scheme;
• verifying that the merchant system is registered for the conversion of dual-message transactions to single-message transactions;
• generating the single-message payment transaction using the dual-message payment transaction, wherein generating the single-message payment transaction comprises:
• converting the dual-message payment transaction to the single-message payment transaction using a single-message transaction scheme, wherein the converted single-message payment transaction is to be processed by a second payment network using the single-message transaction scheme and as a personal identification number-less (PINless) debit transaction;
• setting a single-message transaction conversion flag on the converted single-message payment transaction, wherein the single-message transaction conversion flag indicates that the converted single-message payment transaction is a converted dual-message payment transaction;
• in response to receiving the transaction authorization request, transmitting, to the merchant system, a transaction authorization response, wherein the transaction authorization response comprises data associated with the converted single-message payment transaction and the single-message transaction conversion flag;
• receiving a single-message transaction batch settlement file from the merchant system, wherein the single-message transaction batch settlement file comprises a plurality of single-message payment transactions;
• determining that the single-message transaction conversion flag is set on a first single-message payment transaction of the plurality of single-message payment transactions;
• based on determining that the single-message transaction conversion flag is set on the first single-message payment transaction of the plurality of single-message payment transactions, transmitting the first single-message payment transaction of the plurality of single-message payment transactions to the second payment network;
• receiving a transaction result message of the first single-message payment transaction from the second payment network;
• and
• transmitting the transaction result message of the first single-message payment transaction to the merchant system.

A non-transitory machine-readable medium storing instructions that, when executed by a processor of a payment system, cause the processor of the payment system to perform a method for processing single-message transactions with batch settlement, the method comprising:

• receiving a transaction authorization request comprising a dual-message payment transaction from a merchant system, wherein the transaction authorization request comprises information that the dual-message payment transaction is eligible to be converted to a single-message payment transaction, wherein another dual-message payment transaction that is not eligible for conversion of dual-message transactions to single-message transactions is to be processed by a first payment network using a dual-message transaction scheme;
• verifying that the merchant system is registered for the conversion of dual-message transactions to single-message transactions;
• generating the single-message payment transaction using the dual-message payment transaction, wherein generating the single-message payment transaction comprises:
• converting the dual-message payment transaction to the single-message payment transaction using a single-message transaction scheme, wherein the converted single-message payment transaction is to be processed by a second payment network using the single-message transaction scheme and as a personal identification number-less (PINless) debit transaction;
• setting a single-message transaction conversion flag on the converted single-message payment transaction, wherein the single-message transaction conversion flag indicates that the converted single-message payment transaction is a converted dual-message payment transaction;
• in response to receiving the transaction authorization request, transmitting, to the merchant system a transaction authorization response, wherein the transaction authorization response comprises data associated with the converted single-message payment transaction and the single-message transaction conversion flag;
• receiving a single-message transaction batch settlement file from the merchant system, wherein the single-message transaction batch settlement file comprises a plurality of single-message payment transactions;
• determining that the single-message transaction conversion flag is set on a first single-message payment transaction of the plurality of single-message payment transactions;
• based on determining that the single-message transaction conversion flag is set on the first single-message payment transaction of the plurality of single-message payment transactions, transmitting the first single-message payment transaction of the plurality of single-message payment transactions to the second payment network;
• receiving a transaction result message of the first single-message payment transaction from the second payment network;
• and
• transmitting the transaction result message of the first single-message payment transaction to the merchant system.