Orchestration of currency conversion optimization

A computing apparatus comprising:

• one or more processors;
• at least one memory device coupled with the one or more processors;
• and
• a data communications interface operably associated with the one or more processors,
• wherein the at least one memory device contains a plurality of program instructions that, when executed by the one or more processors, cause the computing apparatus to:
• receive, at a currency orchestrator server from a merchant device, an offer look-up request for an offer associated with a booking event, the offer look-up request comprising a first currency, a second currency, and a transaction context information, wherein the transaction context information includes booking parameters that correlate to an industry associated with the booking event;
• determine, by the currency orchestrator server, a context of a transaction of the offer look-up request based on the first currency, the second currency, and the booking parameters of the transaction context information;
• provide, by the currency orchestrator server, a foreign exchange rate request comprising the offer look-up request and the determined context of the transaction of the offer look-up request to a foreign exchange server, wherein the foreign exchange server is connected to a plurality of rate providers;
• in response to receiving the foreign exchange rate request from the currency orchestrator server:
• obtain, by the foreign exchange server, information to determine attributes or characteristics of the offer look-up request from metadata within the offer look-up request, wherein the metadata comprises at least one of a market and a geographical location attached to the offer look-up request;
• determine, by the foreign exchange server, localization information associated with the foreign exchange rate request based on the metadata within the offer look-up request;
• access, by the foreign exchange server, the plurality of rate providers based on the foreign exchange rate request and the determined localization information associated with the foreign exchange rate request to determine the proposed foreign exchange rate;
• determine, by the foreign exchange server, a context of a transaction of the foreign exchange rate request based on a plurality of parameters associated with the foreign exchange rate request, the determined context of the transaction of the offer look-up request, and the determined localization information associated with the foreign exchange rate request;
• select, by the foreign exchange server, a rate provider from among the plurality of rate providers based on the determined context of the transaction of the offer look-up request, and the determined localization information associated with the foreign exchange rate request;
• and
• determine, by the foreign exchange server and based on the context of the transaction of the foreign exchange rate request and attributes associated with the transaction context information, and the determined localization information associated with the foreign exchange rate request, a converted offer associated with the proposed foreign exchange rate of the selected rate provider;
• receive, at the currency orchestrator server from the foreign exchange server, the converted offer associated with a proposed foreign exchange rate from the selected rate provider;
• provide, to the merchant by the currency orchestrator server, a payment webpage comprising the converted offer, wherein the converted offer is presented in a standard format based on formatting rules associated with a merchant associated with the merchant device;
• receive, at the currency orchestrator server from the merchant device, a payment notification comprising payment transaction data that includes a transaction identification and a method of payment for the converted offer, wherein the payment notification is generated by the merchant device based on an acceptance of the converted offer at a client device;
• process a payment associated with the payment notification with a payment service provider;
• and
• initiate a capture scheme that stores data associated with the converted offer with a specific permission access scheme within a sales record associated with the booking event, wherein the specific permission access scheme comprises a payload embedded within a file associated with the sales record that includes a header to determine file information;
• and
• process a payment associated with the payment notification with a payment service provider, wherein process the payment with the payment notification with the payment service provider comprises:
• access, via a fraud database, fraud verification information associated with the transaction identification;
• verify that the payment transaction data associated with the payment notification is not fraudulent;
• and
• determine that an authorization associated with the payment transaction data is valid based on an authorization time stamp.

A non-transitory computer storage medium encoded with a computer program, the computer program comprising a plurality of program instructions that when executed by one or more processors cause the one or more processors to perform operations comprising:

• receive, at a currency orchestrator server from a merchant device, an offer look-up request for an offer associated with a booking event, the offer look-up request comprising a first currency, a second currency, and a transaction context information, wherein the transaction context information includes booking parameters that correlate to an industry associated with the booking event;
• determine, by the currency orchestrator server, a context of a transaction of the offer look-up request based on the first currency, the second currency, and the booking parameters of the transaction context information;
• provide, by the currency orchestrator server, a foreign exchange rate request comprising the offer look-up request and the determined context of the transaction of the offer look-up request to a foreign exchange server, wherein the foreign exchange server is connected to a plurality of rate providers;
• in response to receiving the foreign exchange rate request from the currency orchestrator server:
• obtain, by the foreign exchange server, information to determine attributes or characteristics of the offer look-up request from metadata within the offer look-up request, wherein the metadata comprises at least one of a market and a geographical location attached to the offer look-up request;
• determine, by the foreign exchange server, localization information associated with the foreign exchange rate request based on the metadata within the offer look-up request;
• access, by the foreign exchange server, the plurality of rate providers based on the foreign exchange rate request and the determined localization information associated with the foreign exchange rate request to determine the proposed foreign exchange rate;
• determine, by the foreign exchange server, a context of a transaction of the foreign exchange rate request based on a plurality of parameters associated with the foreign exchange rate request, the determined context of the transaction of the offer look-up request, and the determined localization information associated with the foreign exchange rate request;
• select, by the foreign exchange server, a rate provider from among the plurality of rate providers based on the determined context of the transaction of the offer look-up request, and the determined localization information associated with the foreign exchange rate request;
• and
• determine, by the foreign exchange server and based on the context of the transaction of the foreign exchange rate request and attributes associated with the transaction context information, and the determined localization information associated with the foreign exchange rate request, a converted offer associated with the proposed foreign exchange rate of the selected rate provider;
• receive, at the currency orchestrator server from the foreign exchange server, the converted offer associated with a proposed foreign exchange rate from the selected rate provider;
• provide, to the merchant device by the currency orchestrator server, a payment webpage comprising the converted offer, wherein the converted offer is presented in a standard format based on formatting rules associated with a merchant associated with the merchant device;
• receive, at the currency orchestrator server from the merchant device, a payment notification comprising payment transaction data that includes a transaction identification and a method of payment for the converted offer, wherein the payment notification is generated by the merchant device based on an acceptance of the converted offer at a client device;
• initiate a capture scheme that stores data associated with the converted offer with a specific permission access scheme within a sales record associated with the booking event, wherein the specific permission access scheme comprises a payload embedded within a file associated with the sales record that includes a header to determine file information;
• and
• process a payment associated with the payment notification with a payment service provider, wherein process the payment with the payment notification with the payment service provider comprises:
• access, via a fraud database, fraud verification information associated with the transaction identification;
• verify that the payment transaction data associated with the payment notification is not fraudulent;
• and
• determine that an authorization associated with the payment transaction data is valid based on an authorization time stamp.