Methods and systems for assigning interchange rates to financial transactions using an interchange network
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United States of America Patent
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Jan 10, 2012
Grant Date -
Jul 2, 2009
app pub date -
Dec 28, 2007
filing date -
Dec 28, 2007
priority date (Note) -
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Abstract
A method for assigning an interchange rate to a financial transaction is provided. The method uses at least one input device in communication with an interchange database. The financial transaction is initiated by a cardholder using a card over a card interchange, the card having been issued by an issuer bank. The method includes the steps of storing issuer data within the interchange database, the issuer data including whether the issuer bank has entered into a special relationship with the interchange.
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