LEAST COST ROUTING INTERCHANGE FOR B2B PURCHASE CARD PAYMENTS
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United States of America Patent
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N/A
Issued Date -
Jan 23, 2014
app pub date -
Nov 16, 2012
filing date -
Jul 18, 2012
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Methods and system for processing credit card payments, comprising receiving a credit card transaction, fabricating line item data to obtain favorable interchange rates for transactions, aggregating or disaggregating payments to obtain favorable interchange rates for transactions, and automatically deciding among various interchange rate options for transactions based on criteria chosen by the payer using these methods or system.
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