Systems and methods for management and recycling of payment transactions

Patent metadata

Field	Value
Publication number	US-11023888-B2
Application number	US-201514734096-A
Country	US
Kind code	B2
Filing date	Jun 9, 2015
Priority date	Jun 9, 2015
Publication date	Jun 1, 2021
Grant date	Jun 1, 2021

Abstract

Systems and methods disclosed herein for managing recurring payment transactions. The recurring payment transaction can be based on account information stored by the merchant. When an initial payment transaction is not successful, a resubmission schedule is determined. The resubmission schedule identifies particular time slots within which subsequent payment transactions are to be submitted. The time slots are selected to increase the likelihood of a successful payment transaction.

First claim

What is claimed is:

1. A computer-implemented method for resubmitting transaction requests, comprising:
receiving, at an acquirer computing system, a first authorization request for a first payment transaction from a merchant computing system, the first payment transaction of a recurring billing arrangement, the recurring billing arrangement including the first payment transaction and one or more scheduled payment transactions, the first authorization request including account information of an account associated with a payment card network and an issuer processor;
transmitting, by the acquirer computing system, the first authorization request for the first payment transaction to the issuer processor;
receiving, at the acquirer computing system, a denial message from the issuer processor in response to the transmitted first authorization request;
generating a resubmission schedule at the acquirer computing system, the resubmission schedule being based on one or more of a predefined date rule specifying a day of the month, a common payroll date, a predefined pattern rule specifying an amount of time to elapse, and a predefined time window rule specifying a time slot or a time of day, wherein the generated resubmission schedule is configured to reduce a number of transactions to obtain an approval from the issuer processor; and
transmitting, by the acquirer computing system, a second authorization request to the issuer processor based on the generated resubmission schedule, wherein the second authorization request is for a first scheduled payment transaction of the one or more scheduled payment transactions.

2. The computer-implemented method of claim 1 , wherein the generated resubmission schedule is based on at least one transaction parameter.

3. The computer-implemented method of claim 2 , wherein the at least one transaction parameter comprises any of a method of payment, a Bank Identification Number (BIN), a Reason Response Code (RRC) received with the denial message, and a transaction amount.

4. The computer-implemented method of claim 3 , wherein the generated resubmission schedule identifies i) a day of the week for transmitting the second authorization request and ii) a time slot identifying a window of time of that day of the week.

5. The computer-implemented method of claim 3 , wherein the generated resubmission schedule identifies i) a day of the month for transmitting the second authorization request and ii) a time slot identifying a window of time of the day of the month for transmitting the second authorization request.

6. The computer-implemented method of claim 3 , wherein the generated resubmission schedule identifies i) a periodic schedule for resubmission of the second authorization request and ii) a time slot identifying a window of time of each day on the periodic schedule.

7. The computer-implemented method of claim 1 , wherein the recurring billing arrangement is based on an installment payment obligation.

8. The computer-implemented method of claim 1 , wherein the recurring billing arrangement is based on any of a subscription obligation and an installment payment obligation.

9. The computer-implemented method of claim 1 , wherein the time slot identifies a period of time.

10. The computer-implemented method of claim 9 , wherein the period of time is determined based at least in part on a number of available time slots for a day.

11. The computer-implemented method of claim 1 , wherein the time slot is selected from a set of preferred time slots associated with the first authorization request.

12. The computer-implemented method of claim 1 , wherein the time slot or time of day is selected based at least in part on time when transaction communication traffic is usually at a minimum.

13. The computer-implemented method of claim 1 , further comprising:
receiving, at the acquirer computing system, a denial message from the issuer processor in response to the transmitted second authorization request; and
transmitting, by the acquirer computing system, a third authorization request to the issuer processor based on the generated resubmission schedule, wherein the third authorization request is for a second scheduled payment transaction of the one or more scheduled payment transactions.

14. A non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:
receive a first authorization request for a first payment transaction from a merchant computing system, the first payment transaction of a recurring billing arrangement, the recurring billing arrangement including the first payment transaction and one or more scheduled payment transactions, the first authorization request including account information of an account that is associated with a payment card network and an issuer processor, and wherein the account information is stored by the merchant computing system;
transmit the first authorization request for the first payment transaction to the issuer processor;
receive a denial message in response to the transmitted first authorization request;
generate a resubmission schedule, the resubmission schedule being based on one or more of a predefined date rule specifying a day of the month, a common payroll date, a predefined pattern rule specifying an amount of time to elapse, and a predefined time window rule specifying a time slot or a time of day, wherein the generated resubmission schedule is configured to reduce a number of transactions to obtain an approval from the issuer processor; and
transmit a second authorization request to the issue processor based on the generated resubmission schedule, wherein the second authorization request is for a first scheduled payment transaction of the one or more scheduled payment transactions.

15. The non-transitory computer readable medium of claim 14 , wherein the generated resubmission schedule is based on at least one a response code received with the denial message and a Bank Identification Number (BIN) identified in the authorization request.

16. The non-transitory computer readable medium of claim 15 , wherein the generated resubmission schedule identifies any of: a day of the week, a day of the month, and a periodic schedule for transmitting the second authorization request.

17. The non-transitory computer readable medium of claim 16 , wherein the recurring billing arrangement is based on an installment payment obligation.

18. The non-transitory computer readable medium of claim 16 , wherein the recurring billing arrangement is based on a subscription obligation.

19. An acquirer computing system for receiving authorization requests for a plurality of merchants and communicating with one or more payment networks, the acquirer computing system comprising a non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:
receive a first authorization request for a first payment transaction from a merchant computing system, the first payment transaction of a recurring billing arrangement, the recurring billing arrangement including the first payment transaction and one or more scheduled payment transactions, the first authorization request including account information of an account that is associated with a payment card network and an issuer processor;
transmit the first authorization request for the first payment transaction to the issuer processor of the account information identified by the first authorization request;
receive a denial

Assignees

• Vantiv Llc
• Worldpay Llc

Inventors

• Wang Fengzhong
• Karaivanov Stefan Kostadinov
• Desai Snehal

Classifications

• G06Q20/102

  Bill distribution or payments · CPC title

• G06Q20/40 Primary

  Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists · CPC title

• G06Q20/22

  Payment schemes or models · CPC title

• G06Q20/405 Primary

  Establishing or using transaction specific rules · CPC title