Importance

Loading Importance Indicators...

Abstract

A method of updating location information associated with a merchant in an electronic payment card network includes retrieving a plurality of payment transaction records associated with a merchant over a predetermined period of time. The plurality of payment transaction records are associated with a plurality of payment accounts, and include location data, including a country of issuance, associated with the payment card accounts. The location data associated with the plurality of payment accounts are aggregated. The merchant's location information is updated in payment transaction records and, optionally, in a central database of merchant location data, based on the aggregated location data associated with the plurality of payment accounts, for example, based on a country of issuance of a majority of the payment cards associated with the payment accounts.

Loading the Abstract Image...

First Claim