Systems and methods for mandated services verification

A mandated services verification (MSV) computer system for processing financial transaction data including data for financial transactions of mandated services, the computer system comprising a memory device and a processor in communication with the memory device, the MSV computer system programmed to:

• receive, by the MSV computer system, sets of predetermined parameters that each define a transaction for one or more of the mandated services;
• receive, by the MSV computer device, transaction data for a plurality of cardholder transactions that have completed a clearing process by a payment card network separate from the MSV computer device;
• determine, by the MSV computer device, using the received sets of predetermined parameters, which of the plurality of cleared cardholder transactions are MSV-related transactions, the MSV-related transactions including mandated services purchased by a cardholder of the payment card network for the purpose of fulfilling a requirement imposed on the cardholder for the mandated services;
• generate, by the MSV computer device, a summary report of transactions for each mandated service required by a third party different from the MSV computer system and the payment card network;
• and
• electronically transmit at least one of the generated summary reports, from the MSV computer device to a corresponding electronic device of the third party, the at least one summary report demonstrating cardholder compliance or noncompliance with the mandated services requirement.

One or more non-transitory computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor, the computer-executable instructions cause a mandated services verification (MSV) processor to:

• receive, by the MSV processor, sets of predetermined parameters that each define a transaction for one or more mandated services;
• receive, by the MSV processor, transaction data for a plurality of cardholder transactions that have completed a clearing process by a payment card network separate from the MSV computer device;
• determine, by the MSV processor, using the received sets of predetermined parameters, which of the plurality of cleared cardholder transactions are MSV-related transactions, the MSV-related transactions including mandated services purchased by a cardholder of the payment card network for the purpose of fulfilling a requirement imposed on the cardholder for the mandated services;
• generate, by the MSV processor, a summary report of transactions for each mandated service required by a third party different from the MSV processor and the payment card network;
• and
• electronically transmit at least one of the generated summary reports, from the MSV processor to a corresponding electronic device of the third party, the at least one summary report demonstrating cardholder compliance or noncompliance with the mandated services requirement.