Systems and methods for optimizing transaction authorization conversion rate

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United States of America Patent

PATENT NO 11687944
SERIAL NO

17646390

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Abstract

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A method for optimizing transaction authorization conversion rates includes retrieving payment transaction parameters and authorization results for a plurality of past payment transactions, generating authorization success factors for each of a plurality of payment transaction parameters based on the retrieved payment transaction parameters and authorization results, receiving, at an acquirer processor, a payment transaction from a merchant, modifying one or more parameters of the payment transaction according to the generated authorization success factors, and submitting the modified payment transaction to a financial institution for processing.

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Patent Owner(s)

  • WORLDPAY, LLC

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Canning, Ned Boston, US 9 12
Cohn, William H Lexington, US 15 46
Shabeer, Sayid Ashland, US 15 36

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Dec 27, 2026
7.5 Year Payment $3600.00 $1800.00 $900.00 Dec 27, 2030
11.5 Year Payment $7400.00 $3700.00 $1850.00 Dec 27, 2034
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