METHOD AND SYSTEM FOR SECONDARY PROCESSING OF TRANSACTIONS
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United States of America Patent
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app pub date -
Nov 13, 2015
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Nov 13, 2015
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Abstract
A method for processing a declined payment transaction using a secondary financial institution includes: receiving a transaction message for a payment transaction from an acquiring institution, the transaction message including a primary account number, transaction amount, institution identifier, and transaction data; calculating a fraud score based on application of fraud algorithms to data included in the transaction message; transmitting the transaction message and fraud score to an issuer; receiving an authorization response from the issuer, the response including a response code indicative of denial of the transaction; identifying a secondary financial institution; modifying the transaction message by replacing the institution identifier with an alternative identifier associated with the secondary financial institution; and transmitting the modified transaction message to the acquiring institution.
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