Systems and methods for executing parallel electronic transactions
AssigneeWorldpay, LLC
InventorMatthew COLLICOAT
Life of this patent
Estimating the term…
Abstract
Systems and methods are for executing an electronic transaction by a parallel transaction system. One method includes receiving, by a parallel transaction system, an electronic transaction request of a payment vehicle. The parallel transaction system may determine a type of the payment vehicle. The type of the payment vehicle is at least one of an open loop type, a closed loop type, or a parallel type. The parallel transaction system may execute an open-loop transaction, a closed-loop transaction, and/or a parallel transaction, based on the determined type of the payment vehicle. The parallel transaction system may complete the electronic transaction request.
Claims20
A method for executing an electronic transaction by a parallel transaction system, comprising:
- receiving, by a parallel transaction system, an electronic transaction request of a payment vehicle;
- determining, by the parallel transaction system, a type of the payment vehicle, the type of the payment vehicle being at least one of an open loop type, a closed loop type, or a parallel type;
- executing, by the parallel transaction system, an open-loop transaction, a closed-loop transaction, and/or a parallel transaction, based on the determined type of the payment vehicle;
- and
- completing, by the parallel transaction system, the electronic transaction request.
A system comprising:
- one or more computer readable media storing instructions for executing a parallel electronic transaction;
- and
- one or more processors configured to execute the instructions to perform operations comprising:
- receiving, by a parallel transaction system, an electronic transaction request of a payment vehicle;
- determining, by the parallel transaction system, a type of the payment vehicle, the type of the payment vehicle being at least one of an open loop type, a closed loop type, or a parallel type;
- executing, by the parallel transaction system, an open-loop transaction, a closed-loop transaction, and/or a parallel transaction, based on the determined type of the payment vehicle;
- and
- completing, by the parallel transaction system, the electronic transaction request.
A non-transitory computer-readable medium storing instructions for executing a parallel electronic transaction, the instructions, when executed by one or more processors, causing the one or more processors to perform operations comprising:
- receiving, by a parallel transaction system, an electronic transaction request of a payment vehicle;
- determining, by the parallel transaction system, a type of the payment vehicle, the type of the payment vehicle being at least one of an open loop type, a closed loop type, or a parallel type;
- executing, by the parallel transaction system, an open-loop transaction, a closed-loop transaction, and/or a parallel transaction, based on the determined type of the payment vehicle;
- and
- completing, by the parallel transaction system, the electronic transaction request.
Dependencies are inferred from the claim text.