Upgrading of recurring payment cancellation services
AssigneeMastercard International Incorporated
InventorsLuis Filipe de Almeida Ferreira da Silva, Sharon A. Rosano, Timothy T. Hopkins
Life of this patent
Estimating the term…
Abstract
A method of reducing chargebacks due to a cancelled recurring payment, wherein the payment occurs within a card-based financial network, and wherein the network includes a database of unauthorized recurring charges and a defined chargeback procedure. The method generally includes the step of upgrading a recurring payment cancellation services file based on predefined occurrences relating to the identifying of cancelled recurring payments.
Claims20
(canceled)
(canceled)
(canceled)
(canceled)
A method of reducing chargebacks due to a cancelled recurring payment, said payment occurring within a card-based financial network, said network including a database of unauthorized recurring charges and a defined automatic billing updating procedure for assigning a new account number to a cardholder, the method comprising the steps of:
- updating said database during said automatic billing updating procedure when said network identifies an unauthorized recurring charge in said database associated with said cardholder.
A method for reducing chargebacks due to a cancelled recurring payment, said payment occurring within a card-based financial network, said network including a cancellation service, said cancellation service including a database of unauthorized recurring charges, the method comprising the steps of:
- receiving a financial processing request identifying a card-based payment without a recurring payment code;
- determining whether the issuing bank associated with said request is a participant within said cancellation service;
- comparing data associated with said request to said unauthorized recurring charges contained within said database;
- and
- determining a response to said processing request in accordance with predefined parameters.
A method for reducing chargebacks due to a cancelled recurring payment, said payment occurring within a card-based financial network, said network including a cancellation service, said cancellation service including a database of unauthorized recurring charges, the method comprising the steps of:
- receiving a financial processing request identifying a card-not-present (CNP) transaction;
- determining whether the issuing bank associated with said request is a participant within said cancellation service;
- comparing data associated with said request to said unauthorized recurring charges contained within said database;
- and
- determining a response to said processing request in accordance with predefined parameters.
Dependencies are inferred from the claim text.