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US 2013/0159151 A1Published application
Determining Change in Interchange Rate
AssigneePE Systems
InventorsAlan Wayne McElroy, Thomas P. Parrish, Kelly Birr
Life of this patent
Estimating the term…
Abstract
This document describes tools capable of auditing and/or determining changes in card-issuer interchange rates charged for credit-card transactions. The tools may do so automatically and with user interaction for large amounts of transactions.
Claims20
A system comprising:
- at least one processor;
- and
- one or more computer-readable storage media storing computer-executable instructions that are executable by the at least one processor to cause the system to:
- build a baseline card-issuer interchange rate for a particular merchant based on dollar volumes for credit card transactions for a historical period, and card-issuer interchange fees associated with card-issuer interchange categories assigned to the credit card transactions;
- adjust the baseline card-issuer interchange rate for the particular merchant based on interchange rate changes made after the historical period to the card-issuer interchange categories assigned to the credit card transactions, effective to provide an adjusted baseline card-issuer interchange rate;
- receive credit card transaction data for credit card transactions associated with the particular merchant for a billing cycle after the historical period, the credit card transaction data being used to determine card issuer interchange categories assigned to the credit card transactions during the billing cycle after the historical period;
- determine a card-issuer interchange rate for the billing cycle after the historical period based on the card issuer interchange categories assigned during the billing cycle after the historical period;
- determine a rate difference between the card-issuer interchange rate for the billing cycle after the historical period and the adjusted baseline card-issuer interchange rate;
- determine a fee savings or loss based on a credit card dollar volume for the credit card transactions during the billing cycle after the historical period and the determined rate difference;
- and
- provide a report indicating the fee savings or loss.
8 more elements
A computer-implemented method, comprising:
- building, automatically and without user interaction, a baseline card-issuer interchange rate for a particular merchant based on:
- card-issuer interchange fees associated with card-issuer interchange categories assigned to credit card transactions;
- and
- dollar volumes on which the card-issuer interchange fees are charged, the card-issuer interchange fees and dollar volumes being from multiple historic merchant-processor statements of the particular merchant and over a historical period;
- adjusting, automatically and without user interaction, the baseline card-issuer interchange rate for the particular merchant based on interchange rate changes made after the historical period to the card-issuer interchange categories assigned to credit card transactions of the particular merchant over the historical period, effective to provide an adjusted baseline card-issuer interchange rate;
- receiving, automatically and without user interaction, credit card transaction data for a current billing cycle for credit card transactions associated with the particular merchant, the credit card transaction data being used to determine card issuer interchange categories currently assigned to the credit card transactions during the current billing cycle;
- determining, automatically and without user interaction, a current card-issuer interchange rate for the current billing cycle based on the card issuer interchange categories assigned during the current billing cycle;
- determining, automatically and without user interaction, a rate difference between the card-issuer interchange rate for the current billing cycle and the adjusted baseline card-issuer interchange rate;
- determining, automatically and without user interaction, a fee savings or loss based on a credit card dollar volume for the credit card transactions during the current billing cycle and the determined rate difference;
- and
- providing an indication of the fee savings or loss to an entity associated with the particular merchant.
8 more elements
One or more computer-readable storage media storing computer-executable instructions that are executable by one or more computing devices to cause the one or more computing devices to:
- build a baseline card-issuer interchange rate for a particular merchant based on:
- card-issuer interchange fees associated with card-issuer interchange categories assigned to credit card transactions;
- and
- dollar volumes on which the card-issuer interchange fees are charged, the card-issuer interchange fees and dollar volumes being from multiple historic merchant-processor statements of the particular merchant and over a historical period;
- adjust the baseline card-issuer interchange rate for the particular merchant based on interchange rate changes made after the historical period to the card-issuer interchange categories assigned to credit card transactions of the particular merchant over the historical period, effective to provide an adjusted baseline card-issuer interchange rate;
- receive credit card transaction data for a current billing cycle for credit card transactions associated with the particular merchant, the credit card transaction data being used to determine card issuer interchange categories currently assigned to the credit card transactions during the current billing cycle;
- determine a current card-issuer interchange rate for the current billing cycle based on the card issuer interchange categories assigned during the current billing cycle;
- determine a rate difference between the card-issuer interchange rate for the current billing cycle and the adjusted baseline card-issuer interchange rate;
- determine a fee savings or loss based on a credit card dollar volume for the credit card transactions during the current billing cycle and the determined rate difference;
- and
- provide an indication of the fee savings or loss to an entity associated with the particular merchant.
8 more elements
Dependencies are inferred from the claim text.