Systems and methods for executing electronic transactions and filtering with categorization engine

A system comprising:

• one or more computer readable media storing instructions;
• and
• one or more processors configured to execute the instructions to perform operations comprising:
• receiving, by an acquirer server of a filtered transaction processing server via the one or more processors, a transaction request comprising transaction data from a merchant server, wherein the transaction data comprises enhanced data including stock keeping unit (SKU) level data, wherein a point of service (POS) terminal communicatively connected to one or more gateways collects the transaction data and transmits the transaction data to the merchant server, and wherein the merchant server transmits the transaction data in a specific format to the acquirer server via one or more application programming interface (API) servers utilizing the one or more gateways;
• processing, by the acquirer server via the one or more processors, the transaction data to determine whether:
• (i) a status of a merchant of the merchant server is indicative of a participating status or a non-participating status to a service and (ii) a transaction vehicle associated with the transaction data is a filtered transaction vehicle or a non-filtered transaction vehicle;
• determining, by the acquirer server via the one or more processors, the status of the merchant is indicative of the participating status to the service, the transaction vehicle is the filtered transaction vehicle, and the transaction data includes unique identifiers for one or more items associated with the transaction request;
• transmitting, by the acquirer server via the one or more processors, the transaction request to a first transaction network of one or more transaction networks, wherein the first transaction network processes the transaction data to determine subsequent routing of the transaction request;
• transmitting, by the first transaction network via the one or more processors, the transaction request to a switching server, wherein the switching server further processes the transaction data to transmit the transaction request to a categorization engine;
• transmitting, by the switching server via the one or more processors, the transaction request to the categorization engine, wherein the categorization engine analyzes the transaction data for determining eligibility of the one or more items for categorization, and wherein the categorization engine dynamically adjusts pre-defined rules for categorization based on feedback from participating servers;
• categorizing, by the categorization engine via the one or more processors, in real-time, the one or more items associated with the transaction request into one or more categories based on the enhanced data and provides a summary for each of the categorized items, and wherein the categorization engine identifies category and subcategory values associated with the one or more items by checking, in real-time, the SKU level data in the enhanced data and an approved product list associated with the transaction request stored in a database;
• mapping, by the categorization engine via the one or more processors, each of the categorized items to one or more benefit accounts associated with the filtered transaction vehicle based on their attributes;
• determining, by the categorization engine via the one or more processors, values for each of the mapped items and one or more unmapped items;
• transmitting, by the categorization engine via the one or more processors, the transaction request based on the one or more categories to an authorization server, wherein the authorization server verifies the categorized items and communicates with an issuer server to complete the transaction request by allocating an amount equivalent to the determined values for each of the mapped items to the one or more benefit accounts;
• settling, by the acquirer server via the one or more processors, value of each of the mapped items from the one or more benefit accounts associated with the filtered transaction vehicle;
• settling, by the acquirer server via the one or more processors, value of the one or more unmapped items from a general account associated with the filtered transaction vehicle;
• generating, via an interface of a display unit of a device associated with the merchant utilizing the one or more processors, a presentation of the categorized items associated with the transaction request, wherein the display unit communicates, via an encrypted network, with the categorization engine to access the approved product list stored in the database, and wherein the merchant interacts with the interface of the display unit to review, track, and update information associated with the categorized items in the approved product list;
• determining, at the acquirer server, that a status of a second merchant is non-participating to the service;
• transmitting, by the acquirer server, a second transaction request from the second merchant to a second transaction network of the one or more transaction networks, wherein the second transaction network is configured to process transaction data from the second merchant to determine that one or more items from the second transaction request are on the approved product list, such that the display displays the one or more items from the second transaction are on the approved list;
• and
• sending a command, by the acquirer server, to the second merchant authorizing the second transaction request including the one or more items.

A non-transitory computer-readable medium storing instructions, the instructions, when executed by one or more processors, causing the one or more processors to perform operations comprising:

• receiving, by an acquirer server of a filtered transaction processing server via the one or more processors, a transaction request comprising transaction data from a merchant server, wherein the transaction data comprises enhanced data including stock keeping unit (SKU) level data, wherein a point of service (POS) terminal communicatively connected to one or more gateways collects the transaction data and transmits the transaction data to the merchant server, and wherein the merchant server transmits the transaction data in a specific format to the acquirer server via one or more application programming interface (API) servers utilizing the one or more gateways;
• processing, by the acquirer server via the one or more processors, the transaction data to determine whether:
• (i) a status of a merchant of the merchant server is indicative of a participating status or a non-participating status to a service and (ii) a transaction vehicle associated with the transaction data is a filtered transaction vehicle or a non-filtered transaction vehicle;
• determining, by the acquirer server via the one or more processors, the status of the merchant is indicative of the participating status to the service and the transaction vehicle is the filtered transaction vehicle, based on the enhanced data in the transaction data, the enhanced data including the SKU level data for one or more items associated with the transaction request;
• transmitting, by the acquirer server via the one or more processors, the transaction request to a first transaction network of one or more transaction networks, wherein the first transaction network processes the transaction data to determine subsequent routing of the transaction request;
• transmitting, by the first transaction network via the one or more processors, the transaction request to a switching server, wherein the switching server further processes the transaction data to transmit the transaction request to a categorization engine;
• transmitting, by the switching server via the one or more processors, the transaction request to the categorization engine, wherein the categorization engine analyzes the SKU level data in the enhanced data for determining eligibility of the one or more items for categorization, and wherein the categorization engine dynamically adjusts pre-defined rules for categorization based on feedback from participating servers;
• categorizing, by the categorization engine via the one or more processors, in real-time, the one or more items associated with the transaction request into one or more categories based on the enhanced data and provides a summary for each of the categorized items, and wherein the categorization engine identifies category and subcategory values associated with the one or more items by checking, in real-time, the SKU level data in the enhanced data and an approved product list associated with the transaction request stored in a database;
• mapping, by the categorization engine via the one or more processors, each of the categorized items to one or more benefit accounts associated with the filtered transaction vehicle based on their attributes;
• determining, by the categorization engine via the one or more processors, values for each of the mapped items and one or more unmapped items;
• transmitting, by the categorization engine via the one or more processors, the transaction request based on the one or more categories to an authorization server, wherein the authorization server verifies the categorized items and communicates with an issuer server to complete the transaction request by allocating an amount equivalent to the determined values for each of the mapped items to the one or more benefit accounts;
• settling, by the acquirer server via the one or more processors, value of each of the mapped items from the one or more benefit accounts associated with the filtered transaction vehicle;
• settling, by the acquirer server via the one or more processors, value of the one or more unmapped items from a general account associated with the filtered transaction vehicle;
• generating, via an interface of a display unit of a device associated with the merchant utilizing the one or more processors, a presentation of the categorized items associated with the transaction request, wherein the display unit communicates, via an encrypted network, with the categorization engine to access the approved product list stored in the database, and wherein the merchant interacts with the interface of the display unit to review, track, and update information associated with the categorized items in the approved product list;
• determining, at the acquirer server, that a status of a second merchant is non-participating to the service;
• transmitting, by the acquirer server, a second transaction request from the second merchant to a second transaction network of the one or more transaction networks, wherein the second transaction network is configured to process transaction data from the second merchant to determine that one or more items from the second transaction request are on the approved product list;
• displaying on the display the one or more items from the second transaction request are on the approved list;
• and
• sending a command, by the acquirer server, to the second merchant authorizing the second transaction request including the one or more items.