System and method of determining the quality of enhanced transaction data

A method for determining the quality of merchant supplied enhanced data related to financial transactions performed by holders of financial presentation devices that are presentable to a plurality of merchants for purchasing items of goods or services, the method comprising:

• storing in a computer memory:
• i) a plurality of enhanced transaction data (ETD) records having a plurality of fields, the ETD records including records for a plurality of merchants and a plurality of holders of the financial presentation devices;
• and
• ii) quality check criteria for determining the quality of enhanced transaction data contained in the ETD records without regard to the items purchased;
• determining, for each ETD record, a quality of data contained in selected fields of the each ETD record based on the stored quality check criteria wherein the quality check criteria contains for each field a condition which the each field either passes or fails;
• determining an overall quality of the plurality of ETD records according to the determined quality of data for each of the ETD records;
• determining the quality of data contained in the each ETD record based on the number of the selected fields that pass the conditions of the quality check criteria wherein one of the conditions contained in the quality check criteria is whether a particular field contains an alphanumeric value;
• determining, using the computer, a quality rating of the plurality of ETD records based on the stored quality check criteria;
• and
• storing the determined quality of the plurality of ETD records in the computer memory.

A system for determining the quality of merchant supplied enhanced data related to financial transactions performed by holders of financial presentation devices that are presentable to a plurality of merchants for purchasing items of goods or services, the system comprising:

• a memory storing a plurality of enhanced transaction data (ETD) records with each ETD record having a plurality of fields, the memory further storing quality check criteria for determining the quality of enhanced data contained in the ETD records without regard to the items purchased;
• a processor coupled to the memory;
• and
• a quality determination module executable by the processor and adapted to:
• determine a quality of enhanced transaction data contained in selected fields of ETD records based on the stored quality check criteria wherein the quality check criteria contains for each field a condition which the each field either passes or fails and wherein one of the conditions contained in the quality check criteria si whether a particular field contains a specific alphanumeric value;
• determine for each ETD record the quality of data contained in the each ETD record based on the number of the selected fields that pass the conditions of the quality check criteria;
• determine an overall quality rating of a plurality of ETD records according to the determined quality of enhanced data in the selected fields of each of the ETD records.

A system for determining the quality of merchant supplied enhanced data related to financial transactions performed by holders of financial presentation devices that are presentable to a plurality of merchants for purchasing items of goods or services, the system comprising:

• a memory storing a plurality of enhanced transaction data (ETD) records with each ETD record having a plurality of fields, the memory further storing quality check criteria for determining the quality of enhanced transaction data contained in the ETD records without regard to the items purchased wherein the ETD records contain at least one of level II and level III enhanced transaction data;
• a processor coupled to the memory;
• and
• a quality determination module executable by the processor and adapted to determine a quality rating of the plurality of ETD records based on the stored quality check criteria;
• wherein for each ETD record the quality determination module:
• determines a quality of data contained in selected fields of the each ETD record based on the stored quality check criteria for each ETD record;
• determines an overall quality of the plurality of ETD records according to the determined quality of data for each of the ETD records;
• and
• wherein the quality determination module is further adapted to generate a report showing the quality of data in the level II and the level III data of the ETD records.

A method for determining the quality of merchant supplied enhanced data related to financial transactions performed by holders of financial presentation devices that are presentable to a plurality of merchants for purchasing items of goods or services, the method comprising:

• storing in a computer memory:
• i) a plurality of enhanced transaction data (ETD) records having a plurality of fields, the ETD records including records for a plurality of merchants and a plurality of holders of the financial presentation devices and wherein the ETD records contain at least one of level II and level III enhanced transaction data;
• and
• ii) quality check criteria for determining the quality of enhanced transaction data contained in the ETD records without regard to the items purchased;
• determining, for each ETD record, a quality of data contained in selected fields of the each ETD record based on the stored quality check criteria;
• determining an overall quality of the plurality of ETD records according to the determined quality of data for each of the ETD records;
• determining, using the computer, a quality rating of the plurality of ETD records based on the stored quality check criteria;
• storing the determined quality of the plurality of ETD records in the computer memory;
• and
• generating a report showing the quality of data in the level II and the level III data of the ETD records.

A system for determining the quality of merchant supplied enhanced data related to financial transactions performed by holders of financial presentation devices that are presentable to a plurality of merchants for purchasing items of goods or services, the system comprising:

• a memory storing a plurality of enhanced transaction data (ETD) records with each ETD record having a plurality of fields, the memory further storing quality check criteria for determining the quality of enhanced data contained in the ETD records without regard to the items purchased;
• a processor coupled to the memory;
• and
• a quality determination module executable by the processor and adapted to:
• determine a quality of enhanced transaction data contained in selected fields of ETD records based on the stored quality check criteria wherein the ETD records include at least one of level II and level III transaction data;
• determine an overall quality rating of a plurality of ETD records according to the determined quality of enhanced data in the selected fields of each of the ETD records;
• and
• generate a report showing the quality of data in the level II and the level III data of the ETD records.