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US 2008/0301050 A1Published application
Real time account update
AssigneeVisa U.S.A. Inc.
InventorLaura DiGioacchino
Life of this patent
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AssigneeVisa U.S.A. Inc.
InventorLaura DiGioacchino
Estimating the term…
A method is used in a system that includes a financial service provider coordinating accounts issued by an issuer to cardholders requesting credit from merchants. Each merchant has an acquirer with whom the financial service provider also coordinates the accounts. The method can be performed by a merchant sending a transmission to its acquirer including a request for a transaction against one account to which the merchant receives a denial or prior to receiving such a denial. The merchant then requests information from the financial service provider who responds by sending the requested information, upon which the merchant determines whether to extend the credit. When the method is performed by a financial service provider, in response to the denial received by one merchant or prior to such denial, the financial service provider receives a transmission from the merchant including a request for information about the account. In response, the financial service provider sends the merchant the requested information.
In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for an authorization of a transaction on the corresponding account to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders making the requests for the authorizations of the transactions, a method comprising:
In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transactions on the corresponding account to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders making the requests for authorizations of the transactions, wherein a request for the authorization of the transaction against one said account of a corresponding said account holder has been sent to one said merchant's acquirer, and wherein there has been received at the one said merchant a transmission from the one said merchant's acquirer including a denial of the request for the authorization of the transaction for the one said account of the one said account holder in response to the request for the authorization of the transaction for the account, a method comprising:
In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transaction on the corresponding said accounts to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders, a method comprising:
In a system of accounts held by account holders, where issuers issue respective said accounts to the account holders, merchants receive requests for authorization upon the accounts for transactions by the account holders, acquirers receive from the merchants the requests for authorization upon the accounts for the transactions by the account holders, acquirers communicate with the corresponding issuers to determine whether to authorize or deny each said request for authorization upon the accounts for transactions by the account holders, where a transaction handler coordinates each said account for each said account holder with the issuers, the merchants, and with the merchant's acquirers, and wherein the transaction handler receives updated account information from the issuers about the respective said account holders to which the issuers issued respective said accounts, a method comprising:
In a system of accounts held by account holders, where issuers issue respective said accounts to the account holders, merchants receive requests for authorizations upon the accounts for transactions by the account holders, acquirers receive from the merchant's requests for authorization of the transactions, acquirers communicate with the corresponding issuers to determine whether to authorize or deny each said requested transaction upon the accounts of respective said account holders, where a transaction handler coordinates each said account for each said account holder with the issuers, the merchants, and with the merchant's acquirers, and wherein the transaction handler receives updated account information from the issuers about the respective said account holders to which the issuers issued respective said accounts, a method comprising:
In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations for transactions on corresponding said accounts of corresponding said account holders to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders making the requests for the authorizations for the transactions on corresponding said accounts of corresponding said account holders, a merchant comprising:
In a system with a transaction handler coordinating accounts issued by an issuer to account holders each making requests for authorizations of transactions on the corresponding account to merchants, each merchant having an acquirer with whom the transaction handler also coordinates the accounts of the account holders making the requests for authorization, a merchant comprising:
In a system of accounts held by account holders, where issuers issue respective said accounts to the account holders, merchants receive requests for authorization upon the accounts for transactions by the account holders, acquirers receive from the merchants requests for authorization of transactions, acquirers communicate with the corresponding issuers to determine whether to authorize or deny each said requested transaction for the accounts of respective said account holders, where a transaction handler coordinates each said account for each said account holder with the issuers, the merchants, and with the merchant's acquirers, and wherein the transaction handler receives updated account information from the issuers about the respective account holders to which the issuers issued respective said accounts, a transaction handler comprising:
In a system of accounts held by account holders, where issuers issue respective said accounts to the account holders, merchants receive requests for authorizations upon the accounts for transactions by the account holders, acquirers receive from the merchants requests for authorizations, acquirers communicate with the corresponding issuers to determine whether to authorize or deny each said requested transaction for the accounts of respective said account cardholders, where a transaction handler coordinates each said account for each said account holder with the issuers, the merchants, and with the merchant's acquirers, and wherein the transaction handler receives updated account information from the issuers about the respective account holders to which the issuers issued respective said accounts, a merchant comprising:
Dependencies are inferred from the claim text.