Transaction authorization system and method

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United States of America Patent

PATENT NO 7021532
SERIAL NO

10709859

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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The present invention includes a system and method for authorizing billing files at a substantially real-time batch authorization rate. The invention comprises a poller configured for queuing billing transaction files in real-time. In one embodiment, the invention uses advanced logic to split transactions into multiple subsets and it uses a plurality of different sized data streams to facilitate processing transactions. A card authorization system is used to process the transaction subsets. The card authorization may have one or more sockets to facilitate processing different-sized data streams. In another embodiment, the invention uses a merger to reconstruct the subsets into a billing transaction file.

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Patent Owner(s)

Patent OwnerAddress
LIBERTY PEAK VENTURES LLC1400 PRESTON ROAD SUITE 482 PLANO TX 75201

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Garrison, Greg D Scottsdale, AZ 1 31
Robinson, Mark E Peoria, AZ 4 1039

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