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US 2015/0032622 A1Published application
Online credit returns method and apparatus
AssigneeMastercard International Incorporated
InventorJonathan R. Powell
Life of this patent
Estimating the term…
Abstract
A system, method, and computer-readable storage medium configured to enable an immediate online credit refund transaction.
Claims24
An online return payment card network method comprising:
- receiving from a merchant or acquirer, via a network interface, a credit reversal message, the credit reversal message containing an account number for the reversal transaction and original purchase transaction details with a merchant;
- verifying, with an issuer of an account associated with the account number via the network interface, that the account is in good standing;
- comparing, with a processor, certain details in the credit reversal message and the original purchase transaction details stored by the payment card network;
- sending, via the network interface, a credit reversal to the issuer when certain details in the credit reversal message and the payment card network's original purchase transaction details match or are otherwise accepted.
1 more element
A payment card network apparatus comprising:
- a network interface configured to receive a credit reversal message, the credit reversal message containing an account number for the reversal transaction and original purchase transaction details with a merchant, and configured to verify with an issuer of an account associated with the account number via the network interface, that the account is in good standing;
- a microprocessor configured to compare certain details in the credit reversal message and the original purchase transaction details stored by the payment card network;
- wherein the network interface is further configured to send a credit reversal to the issuer when certain details of the credit reversal message and the payment card network's original purchase transaction details match or are otherwise accepted.
A non-transitory computer-readable storage medium encoded with data and instructions, when executed by a computing device the instructions causing the computing device to:
- receive from a merchant or acquirer, via a network interface, a credit reversal message, the credit reversal message containing an account number for the reversal transaction and original purchase transaction details with a merchant;
- verify, with an issuer of an account associated with the account number via the network interface, that the account is in good standing;
- compare, with a processor, certain details in the credit reversal message and the original purchase transaction details stored by the payment card network;
- send, via the network interface, a credit reversal to the issuer when certain details of the credit reversal message and the payment card network's original purchase transaction details match or are otherwise accepted.
1 more element
Dependencies are inferred from the claim text.