Methods and systems for capturing value from a payment decline or error
OwnerMichael Loeb, Jon Jensen +1inventors
InventorsMichael Loeb, Jon Jensen, Edward McCabe
Life of this patent
Estimating the term…
Abstract
Methods and systems for capturing value from a payment decline or error include receiving a token over a computer network identifying a merchant and a declined or failed transaction initiated by a consumer, receiving confirmation over the computer network that the consumer has accepted an offer for information about why the transaction failed or was declined, requesting transaction data from a payment gateway utilizing the token identifying the merchant and the transaction, receiving transaction data from the payment gateway for the declined or failed transaction, selecting a response to be delivered to the consumer based on the transaction data, and providing the response to the consumer.
Claims20
A method of capturing value from a payment decline or error, the method comprising the steps of:
- a) receiving a token over a computer network identifying a merchant and a declined or failed transaction initiated by a consumer with the merchant;
- b) receiving confirmation over the computer network that the consumer has accepted an offer for information about why the transaction failed or was declined;
- c) requesting transaction data from a payment gateway utilizing the token;
- d) receiving transaction data from the payment gateway for the declined or failed transaction;
- and
- e) providing a response to the consumer based on the transaction data.
A method of capturing value from a payment decline or error, the method comprising the steps of:
- a) receiving a token over a computer network identifying a merchant and a declined or failed transaction initiated by a consumer with the merchant;
- b) receiving confirmation over the computer network that the consumer has accepted an offer for information about why the transaction failed or was declined;
- c) requesting transaction data from a payment gateway utilizing the token;
- d) receiving transaction data from the payment gateway for the declined or failed transaction;
- e) providing a response to the consumer based on the transaction data;
- and
- f) providing consumer information related to the declined or failed transaction as a lead to a third party marketer.
A method of capturing value from a payment decline or error, the method comprising the steps of:
- a) receiving a token over a computer network identifying a merchant and a declined or failed transaction initiated by a consumer with the merchant;
- b) receiving confirmation over the computer network that the consumer has accepted an offer for information about why the transaction failed or was declined;
- c) requesting transaction data from a payment gateway utilizing the token;
- d) receiving transaction data from the payment gateway for the declined or failed transaction;
- e) providing a response to the consumer based on the transaction data;
- and
- f) deriving value from the declined or failed transaction by providing consumer information related to the declined or failed transaction over the computer network as a lead to a third party marketer.
Dependencies are inferred from the claim text.