Payment processing method and system
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United States of America Patent
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N/A
Issued Date -
Jul 6, 2006
app pub date -
Jun 27, 2005
filing date -
Jun 25, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A payment processing system includes one transaction processor that aggregates cost data associated with low-priced sales transactions between a consumer and a merchant. The transaction processor sends data that represents the aggregated cost data to an acquiring banking entity associated with the merchant. The system also includes another transaction processor that stores data that represents each individual low-priced sales transaction. The stored data is accessible by one or more banking entities associated with the merchant.
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