Interchange rate processing system and method

Systems and methods for interchange rate processing are provided. An interchange rate processing computing device is configured to receive transaction messages from one or more acquiring banks. Each transaction message may contain transaction data corresponding to a payment card transaction. The int...

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Bibliographische Detailangaben
Hauptverfasser:	Althoff, Timothy Glen, Subramanian, Shankar, Haqq, Marilyn, Flor, Peter Julian Reyes, Kriebaum, Gregory S
Format:	Patent
Sprache:	eng
Schlagworte:	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
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Beschreibung
Zusammenfassung:	Systems and methods for interchange rate processing are provided. An interchange rate processing computing device is configured to receive transaction messages from one or more acquiring banks. Each transaction message may contain transaction data corresponding to a payment card transaction. The interchange rate processing computing device may analyze the transaction data to identify one or more one or more transaction characteristics. Based on the transaction characteristics, the interchange rate processing computing device may identify a lowest valid interchange rate for the payment card transaction and determine a corresponding interchange rate designator. The interchange rate processing computing device may then generate an enhanced transaction message including the transaction data and the interchange rate designator and transmit the enhanced transaction message to a payment processor, issuing bank, or other entity in a payment processing network.