US 9,852,407 B2Granted

Systems and methods for routing debit transactions

AssigneeFirst Data Corporation

InventorsBradley T. Masterson, George F. Gogol, Donna Collela, David M. Hulbert, Thomas Howe, Robert J. Cole

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Abstract

Systems and methods for routing debit transactions. In one embodiment, a method for routing debit transactions can be provided. The method can include obtaining, by a routing determination system comprising one or more computers, information associated with a proposed debit transaction. The method can also include identifying, by the routing determination system based at least in part upon the obtained information, one or more merchant parameters associated with a merchant on whose behalf the proposed debit transaction will be submitted to a transaction processor. Further, the method can include determining, by the routing determination system based at least in part upon the one or more merchant parameters, a debit transaction network for routing the proposed debit transaction to the transaction processor, wherein the debit transaction network is included in a plurality of available debit transaction networks.

Claims28

Dependent claims

A method for routing debit transactions, comprising:

obtaining, by a routing determination system comprising one or more processors, information associated with a proposed debit transaction;
identifying, by the routing determination system based at least in part upon the obtained information, one or more merchant parameters associated with a merchant on whose behalf the proposed debit transaction will be submitted to a transaction processor, the one or more merchant parameters comprising a first product type associated with the proposed debit transaction, wherein the merchant parameters include routing logic and are contained in merchant routing configuration data;
identifying, by the routing determination system, a plurality of available supported debit transaction networks;
ordering, by the routing determination system based at least in part upon the one or more merchant parameters, the plurality of available supported debit transaction networks to create an ordered hierarchy of the available supported debit transaction networks;
and
determining, based at least in part on the ordering, a debit transaction network from the plurality of available supported debit transaction networks for routing the proposed debit transaction to the transaction processor, wherein:
ordering the available supported debit transaction networks comprises ordering the available supported debit transaction networks based at least in part on the first product type, an existing routing agreement between the merchant and the transaction processor, one or more state override factors that legally establish or set a network precedence between any number of debit transaction networks, and one or more network outage factors, wherein at least one of the one or more network outage factors allows for a network to be placed at a bottom of the ordered hierarchy in reserve for use during a network problem;
and
providing an option for the merchant to revise the ordered hierarchy.

6 more elements

A system for routing debit transactions, comprising:

at least one memory device configured to store computer-executable instructions;
and
at least one processor configured to access the at least one memory device and execute the computer-executable instructions to:
obtain information associated with a proposed debit transaction;
identify, based at least in part upon the obtained information, one or more merchant parameters associated with a merchant on whose behalf the proposed debit transaction will be submitted to a transaction processor, wherein the merchant parameters include routing logic and are contained in merchant routing configuration data;
identify a plurality of available supported debit transaction networks;
order, based at least in part upon the one or more merchant parameters, the plurality of available supported debit transaction networks to create an ordered hierarchy of the available supported debit transaction networks;
and
determine, based at least in part on the ordering, a debit transaction network from the plurality of available supported debit transaction networks for routing the proposed debit transaction to the transaction processor, wherein:
the one or more merchant parameters comprises a first product type associated with the proposed debit transaction,
the available supported debit transaction networks are ordered based at least in part on the first product type, an existing routing agreement between the merchant and the transaction processor, one or more state override factors that legally establish or set a network precedence between any number of debit transaction networks, and one or more network outage factors, wherein at least one of the one or more network outage factors allows for a network to be placed at a bottom of the ordered hierarchy in reserve for use during a network problem;
and
the merchant is provided an option to revise the ordered hierarchy.

10 more elements

Dependencies are inferred from the claim text.

Facts

Application: 13/601,451Filed 31 Aug 2012 · us provisional application
Priority: 31 Aug 2011
Published: US 2013/0282563 A124 Oct 2013
Granted: 26 Dec 2017
Term ends: Not estimatedThe source records don’t support an estimate.

Classification4 codes

G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G06Q 20/08
Payment architectures, schemes or protocols: payment architectures
G06Q 20/26
Payment schemes or models: debit schemes, e.g. "pay now"
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial