METHOD AND SYSTEM FOR GEOCODING AUTHORIZATIONS AND FINANCIAL TRANSACTION MESSAGES FOR LOCATION-BASED SERVICES
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United States of America Patent
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Issued Date -
Jun 12, 2014
app pub date -
Dec 6, 2012
filing date -
Dec 6, 2012
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method for identifying a geographic location of a financial transaction includes: storing, in a merchant database, a plurality of merchant data entries, wherein each merchant data entry includes at least a merchant identifier and a geographic location; receiving, by a receiving device, an authorization request for a financial transaction, wherein the authorization request includes at least a plurality of data elements containing transaction information; identifying, by a processing device, a first data element in the plurality of data elements including a merchant identification; identifying, in the merchant database, a specific merchant data entry, wherein the merchant identifier of the specific merchant data entry corresponds to the merchant identification; transmitting, by a transmitting device, a reply to the authorization request; and transmitting, by the transmitting device, the geographic location included in the specific merchant data entry.
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