US 2022/0044216 A1 · SYSTEMS AND METHODS FOR ROUTING ELECTRONIC TRANSACTIONS USING PREDICTED AUTHORIZATION APPROVAL

Abstract

A method for routing electronic payment transactions includes receiving transaction-related information from a merchant, extracting transaction routing criteria from the received transaction-related information, dynamically identifying one or more eligible payment networks based on extracted transaction routing criteria, predicting a likelihood of authorization acceptance for each identified network based on the transaction-related information, dynamically identifying one or more breakeven transaction amounts for each identified eligible payment network, each breakeven transaction amount defining a point at which two or more eligible payment networks have the same expenses for a given transaction amount, the expenses including costs associated with a low predicted likelihood of authorization acceptance, and routing signature debit transactions from the merchant to a least cost PIN-less debit network selected from the eligible payment networks based on identification of a desired breakeven transaction amount for the PIN-less debit network.

Claims21

Dependent claims

1-20. (canceled)

A system for routing electronic payment transactions to PIN-less networks using payment pseudo-networks and electronic transaction simulation, the system comprising:

a data storage device storing instructions for routing electronic payment transactions to PIN-less networks using payment pseudo-networks and electronic transaction simulation in an electronic storage medium;
and
a processor configured to execute the instructions to perform a method including:
predicting a likelihood of authorization acceptance for each of a plurality of eligible payment networks based on transaction-related information from a merchant;
and
routing signature debit transactions from the merchant to a least cost PIN-less network selected from the plurality of eligible networks based at least in part on costs associated with a low predicted likelihood of authorization acceptance.

3 more elements

A non-transitory machine-readable medium storing instructions that, when executed by a computing system, causes the computing system to perform a method for routing electronic payment transactions to PIN-less networks using payment pseudo-networks and electronic transaction simulation, the method including:

predicting a likelihood of authorization acceptance for each of a plurality of eligible payment networks based on transaction-related information from a merchant;
and
routing signature debit transactions from the merchant to a least cost PIN-less network selected from the plurality of eligible networks based at least in part on costs associated with a low predicted likelihood of authorization acceptance.

Dependencies are inferred from the claim text.

Systems and methods for routing electronic transactions using predicted authorization approval

Life of this patent

Systems and methods for routing electronic transactions using predicted authorization approval

Life of this patent

Abstract

Claims21