Interchange categories
AssigneePE Systems
InventorsAlan Wayne McElroy, Thomas P. Parrish, Kelly Birr
Life of this patent
Estimating the term…
Abstract
This document describes tools capable of altering to which interchange categories credit-card transactions are assigned. In some embodiments, the tools receive parameters for interchange categories and transaction information for a client (e.g., one or more merchants) that has been charged interchange fees based on some of these categories. The parameters are utilized (e.g., by a credit card issuer) to determine to which interchange category a particular transaction will be assigned. The tools may determine, based on these parameters and the transaction information, how transactions may be changed to enable similar credit-card transactions to be assigned to a lower-cost interchange category.
Claims20
One or more computer-readable storage media having computer-readable instructions therein that, when executed by a computing device, cause the computing device to perform acts comprising:
- receiving a first interchange category, a first interchange category cost, a second interchange category, and a second interchange category cost;
- receiving transaction details for a client, the transaction details indicating that a particular transaction has been assigned to the first interchange category and including transaction information used to assign the particular transaction to the first interchange category;
- determining, by the computing device, a change in the transaction information that is capable of causing the particular transaction to be assigned to the second interchange category, the second interchange category cost being lower than the first interchange category cost;
- and reporting the change in the transaction information to an entity associated with the client.
One or more computer-readable storage media having computer-readable instructions therein that, when executed by a computing device, cause the computing device to perform acts comprising:
- receiving transaction details for a client, the transaction details indicating one or more transactions having been assigned to a first interchange category and transaction information used to assign the one or more transactions to the first interchange category;
- determining, by the computing device, a change in the transaction information that is capable of causing the one or more transactions to be assigned to a second interchange category, the second interchange category having a lower cost than the first interchange category;
- and reporting the change in the transaction information to an entity associated with the client.
Dependencies are inferred from the claim text.