REAL-TIME INTERCHANGE FEE ESTIMATION
Few merchants are in a position to understand how changes to processes or procedures may alter the issuer risk and/or subsequent transaction processing costs. Merchants would prefer to be provided with estimated Interchange fees associated with a financial transaction in real¬ time. To provide a mer...
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| creator | ORNCE, MATTHEW R GWYNN, JASON J PILE, STEVE H GLENN, KENT R |
| description | Few merchants are in a position to understand how changes to processes or procedures may alter the issuer risk and/or subsequent transaction processing costs. Merchants would prefer to be provided with estimated Interchange fees associated with a financial transaction in real¬ time. To provide a merchant with an estimated Interchange fee in real-time, a financial transaction request may be received from the merchant and used to determine the estimated Interchange fee. The estimated Interchange fee may then be transmitted to a merchant in real¬ time. The estimated Interchange fee may be representative of an actual Interchange fee associated with a financial transaction. Estimated Interchange fees may be provided as part of an authorization or settlement processing method. |
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Merchants would prefer to be provided with estimated Interchange fees associated with a financial transaction in real¬ time. To provide a merchant with an estimated Interchange fee in real-time, a financial transaction request may be received from the merchant and used to determine the estimated Interchange fee. The estimated Interchange fee may then be transmitted to a merchant in real¬ time. The estimated Interchange fee may be representative of an actual Interchange fee associated with a financial transaction. 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Estimated Interchange fees may be provided as part of an authorization or settlement processing method.</description><subject>CALCULATING</subject><subject>COMPUTING</subject><subject>COUNTING</subject><subject>DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES</subject><subject>PHYSICS</subject><subject>SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR</subject><fulltext>true</fulltext><rsrctype>patent</rsrctype><creationdate>2011</creationdate><recordtype>patent</recordtype><sourceid>EVB</sourceid><recordid>eNrjZFAJcnX00Q3x9HVV8PQLcQ1y9nD0c3dVcHN1VXANBgo7hnj6-_EwsKYl5hSn8kJpbgagghBnD93Ugvz41OKCxOTUvNSSeGdHIwsDAyNzM0dDYyKUAAApYSJY</recordid><startdate>20111215</startdate><enddate>20111215</enddate><creator>ORNCE, MATTHEW R</creator><creator>GWYNN, JASON J</creator><creator>PILE, STEVE H</creator><creator>GLENN, KENT R</creator><scope>EVB</scope></search><sort><creationdate>20111215</creationdate><title>REAL-TIME INTERCHANGE FEE ESTIMATION</title><author>ORNCE, MATTHEW R ; GWYNN, JASON J ; PILE, STEVE H ; GLENN, KENT R</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-epo_espacenet_CA2800276A13</frbrgroupid><rsrctype>patents</rsrctype><prefilter>patents</prefilter><language>eng ; fre</language><creationdate>2011</creationdate><topic>CALCULATING</topic><topic>COMPUTING</topic><topic>COUNTING</topic><topic>DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES</topic><topic>PHYSICS</topic><topic>SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR</topic><toplevel>online_resources</toplevel><creatorcontrib>ORNCE, MATTHEW R</creatorcontrib><creatorcontrib>GWYNN, JASON J</creatorcontrib><creatorcontrib>PILE, STEVE H</creatorcontrib><creatorcontrib>GLENN, KENT R</creatorcontrib><collection>esp@cenet</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>ORNCE, MATTHEW R</au><au>GWYNN, JASON J</au><au>PILE, STEVE H</au><au>GLENN, KENT R</au><format>patent</format><genre>patent</genre><ristype>GEN</ristype><title>REAL-TIME INTERCHANGE FEE ESTIMATION</title><date>2011-12-15</date><risdate>2011</risdate><abstract>Few merchants are in a position to understand how changes to processes or procedures may alter the issuer risk and/or subsequent transaction processing costs. Merchants would prefer to be provided with estimated Interchange fees associated with a financial transaction in real¬ time. To provide a merchant with an estimated Interchange fee in real-time, a financial transaction request may be received from the merchant and used to determine the estimated Interchange fee. The estimated Interchange fee may then be transmitted to a merchant in real¬ time. The estimated Interchange fee may be representative of an actual Interchange fee associated with a financial transaction. Estimated Interchange fees may be provided as part of an authorization or settlement processing method.</abstract><oa>free_for_read</oa></addata></record> |
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| subjects | CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR |
| title | REAL-TIME INTERCHANGE FEE ESTIMATION |
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