Method and system for determining merchant gratuity values

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 10235725
APP PUB NO 20170132584A1
SERIAL NO

14935907

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method for communicating an index of service performance based on gratuity value includes: storing transaction messages, each including a merchant identifier associated with a merchant involved in the related payment transaction, a transaction amount, and addendum data; receiving a data request including a specific merchant identifier; identifying a subset of transaction messages that includes the specific merchant identifier; identifying a tip amount for each transaction message in the by (i) extracting the tip amount from the addendum date, or (ii) calculating the tip amount based on the transaction amount stored respective transaction message and a transaction amount stored in a matching clearing record; calculating an average gratuity index for a merchant associated with the specific merchant identifier as an average of the identified tip amounts; and transmitting the calculated average gratuity index in response to the data request.

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Patent Owner(s)

  • MASTERCARD INTERNATIONAL INCORPORATED

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Birukov, Andrey Scarsdale, US 9 62
Elangovan, Arun Astoria, US 14 42
Lee, Edward Scarsdale, US 153 1227

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