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US 2014/0372291 A1Published application
Multi-party transaction payment network bridge apparatus and method
AssigneeMastercard International Incorporated
InventorsPaul Michael MUSSER, David Aaron LASKIN
Life of this patent
Estimating the term…
Abstract
A system, method, and computer-readable storage medium configured to process financial transactions that traverse an NGO network with an interbank network.
Claims20
A method of processing a financial transaction, the method comprising:
- receiving the financial transaction via a network interface, the financial transaction containing:
- a cardholder identifier, a merchant identifier, a transaction type identifier, and a transaction amount;
- identifying, with a processor, that the financial transaction is a cross-network transaction from either a non-governmental organization (NGO) network to an interbank network or the interbank network to the NGO network, the identifying occurring by comparing the cardholder identifier and the merchant identifier;
- retrieving, with the processor, a cross-network interface rule from a non-transitory computer-readable storage medium, the retrieval based at least in part on the cardholder identifier, the merchant identifier and the transaction type identifier;
- determining, with the processor, whether the financial transaction is permitted by the cross-network interface rule;
- transmitting, with the network interface, a transaction decline when the financial transaction is not permitted by the cross-network interface rule.
3 more elements
An apparatus to process a financial transaction, the apparatus comprising:
- a network interface configured to receive the financial transaction, the financial transaction containing:
- a cardholder identifier, a merchant identifier, a transaction type identifier, and a transaction amount;
- a processor configured to identify that the financial transaction is a cross-network transaction from either a non-governmental organization (NGO) network to an interbank network or the interbank network to the NGO network, the identifying occurring by comparing the cardholder identifier and the merchant identifier, to retrieve a cross-network interface rule from a non-transitory computer-readable storage medium, the retrieval based at least in part on the cardholder identifier, the merchant identifier and the transaction type identifier, to determine whether the financial transaction is permitted by the cross-network interface rule;
- the network interface further configured to transmit a transaction decline when the financial transaction is not permitted by the cross-network interface rule.
1 more element
A non-transitory computer-readable storage medium encoded with data and instructions that when the instructions are executed by a computing device, causes the computing device to:
- receive a financial transaction via a network interface, the financial transaction containing:
- a cardholder identifier, a merchant identifier, a transaction type identifier, and a transaction amount;
- identify, with a processor, that the financial transaction is a cross-network transaction from either a non-governmental organization (NGO) network to an interbank network or the interbank network to the NGO network, the identifying occurring by comparing the cardholder identifier and the merchant identifier;
- retrieve, with the processor, a cross-network interface rule from the non-transitory computer-readable storage medium, the retrieval based at least in part on the cardholder identifier, the merchant identifier and the transaction type identifier;
- determine, with the processor, whether the financial transaction is permitted by the cross-network interface rule;
- transmit, with the network interface, a transaction decline when the financial transaction is not permitted by the cross-network interface rule.
3 more elements
Dependencies are inferred from the claim text.