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US 2014/0279502 A1Published application
System and Method of Processing Payment Transactions
AssigneeIts Co., Ltd.
InventorsTerry Dooley, Manish Nathwani, Stephan Thomasee, Scott Green, Mindy Cunningham, Christa Addy
Life of this patent
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Abstract
A system and method for processing payment transactions via payment devices are provided. Issuer application selection criteria associated with a payment device, merchant application selection criteria associated with an acceptance device, and/or payment network card program file(s) may be evaluated to determine the payment application to be used for processing a payment transaction.
Claims14
A method of processing a payment transaction, the method comprising:
- evaluating issuer application selection criteria and merchant application selection criteria, wherein the issuer application selection criteria comprises first application identifiers associated with payment applications on a payment device and the merchant application selection criteria comprises second application identifiers associated with payment applications supported by an acceptance device;
- generating a candidate list of payment applications, wherein the candidate list comprises one or more matching application identifiers determined based on the evaluation;
- and
- determining a payment application to be used for processing the payment transaction from the candidate list.
1 more element
A system of processing a payment transaction, the system comprising:
- one or more processors configured to:
- evaluate issuer application selection criteria and merchant application selection criteria, wherein the issuer application selection criteria comprises first application identifiers associated with payment applications on a payment device and the merchant application selection criteria comprises second application identifiers associated with payment applications supported by an acceptance device;
- generate a candidate list of payment applications, wherein the candidate list comprises one or more matching application identifiers determined based on the evaluation;
- and
- determine a payment application to be used for processing the payment transaction from the candidate list.
2 more elements
Dependencies are inferred from the claim text.