Variable Revenue Sharing For Multiple Account Payment Instruments
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United States of America Patent
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app pub date -
Nov 17, 2006
filing date -
Nov 17, 2006
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Abandoned
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Abstract
A method and system are disclosed for facilitating allocation of payments among multiple transaction instrument partners. The method and system comprises receiving at a network a transaction authorization request from a merchant; determining the total amount of merchant fee to be charged for the total transaction; subtracting from the total amount of the merchant fee a predetermined portion for retention by the network; transmitting the balance of the merchant fee to a card issuer; and allocating at the issuer portions of the balance of the merchant fee to be allocated among two or more transaction instrument partners.
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