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AssigneeMastercard International Incorporated
InventorPeter Groarke
Estimating the term…
A system and a method for determining financial health of a selected merchant based on chargeback transaction data in a database of transactions. An indication, which can be a number representative of financial health, is generated by comparing the number of chargeback transactions for the selected merchant with the total number of transactions not involving chargebacks for that merchant. The comparison can be made during various time periods, such as from a month to a year. The indication representative of financial health for selected merchants may be made available to a cardholder or consumer, especially a cardholder who has purchased one or more undelivered forward-sold goods and/or services from the merchant. The system and method helps ensure that a cardholder is informed in a timely manner of bankruptcy or insolvency of a merchant, thereby allowing the cardholder to take remedial action.
A system for determining financial health of a merchant, comprising:
(canceled)
A computer implemented method for determining financial health of a merchant, comprising:
(canceled)
A computer readable non-transitory storage medium storing instructions of a computer program which when executed by a computer system results in performance of steps of:
A computer implemented method of alerting a cardholder of financial health of a merchant, comprising:
Dependencies are inferred from the claim text.