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AssigneeMtrex, Inc.
InventorsW. Jeffrey Knowles, Russell Hales Day, David J. Matthews, Jeffrey R. Burke, Scott E. Wessman, A. Carlo Okolowitz, Joseph B. Emig
Estimating the term…
A transaction process system (10) provides for data transactions between parties. In a credit card transaction, the parties are the merchant (20), acquiring bank (24), card association (34), issuing bank (14), and cardholder (12). A transaction processing center (30) is positioned between the acquiring bank and the card association. The transaction processing center provides data processing channels for message-based processing (72) and filed-based processing (76). The file-based processing uses an incoming queue (80) and outgoing queue (84) to simplify the interface. The transaction processing center also provides for currency conversions and account reconciliation on a per transaction basis. The transaction processing center uses a scheduler (160) to efficiently manage the data processing resources.
A system for processing financial transactions between first and second parties, comprising:
A credit card processing system, comprising a data processing center having a direct or indirect communication link with a merchant to receive a credit card transaction initiated by the merchant, wherein the data processing center includes a first data processing channel for processing a message-based transaction in selectable currencies of a plurality of currencies and a second data processing channel for processing a file-based transaction in selectable currencies of a plurality of currencies.
A method of processing a data transaction, comprising:
A method of processing credit card transactions, comprising:
Dependencies are inferred from the claim text.