Patents Assigned to Boost Payment Solutions, Inc.
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Patent number: 11972417Abstract: An encrypted payment message is received from a buyer relating to a transaction with a merchant. The payment message is parsed using a first parsing algorithm to obtain merchant identifying information. The merchant identifying information is associated with at least a second parsing algorithm or at least one settlement algorithm. The payment message is parsed using the second parsing algorithm to obtain payment information for the transaction. A first settlement algorithm is applied to the payment information to determine an adjusted interchange rate. The payment information including the adjusted interchange rate is submitted to a third party settlement processor on behalf of the merchant, using a payment algorithm. A second settlement algorithm applied to the payment information determines a buyer rebate which can be submitted to the settlement processor. A transaction result is reported to at least one of the merchant or the buyer.Type: GrantFiled: November 21, 2022Date of Patent: April 30, 2024Assignee: Boost Payment Solutions, Inc.Inventors: Dean Michael Leavitt, James Edward Lister
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Publication number: 20230077411Abstract: An encrypted payment message is received from a buyer relating to a transaction with a merchant. The payment message is parsed using a first parsing algorithm to obtain merchant identifying information. The merchant identifying information is associated with at least a second parsing algorithm or at least one settlement algorithm. The payment message is parsed using the second parsing algorithm to obtain payment information for the transaction. A first settlement algorithm is applied to the payment information to determine an adjusted interchange rate. The payment information including the adjusted interchange rate is submitted to a third party settlement processor on behalf of the merchant, using a payment algorithm. A second settlement algorithm applied to the payment information determines a buyer rebate which can be submitted to the settlement processor. A transaction result is reported to at least one of the merchant or the buyer.Type: ApplicationFiled: November 21, 2022Publication date: March 16, 2023Applicant: Boost Payment Solutions, Inc.Inventors: Dean Michael Leavitt, James Edward Lister
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Patent number: 11514435Abstract: An encrypted payment message is received from a buyer relating to a transaction with a merchant. The payment message is parsed using a first parsing algorithm to obtain merchant identifying information. The merchant identifying information is associated with at least a second parsing algorithm or at least one settlement algorithm. The payment message is parsed using the second parsing algorithm to obtain payment information for the transaction. A first settlement algorithm is applied to the payment information to determine an adjusted interchange rate. The payment information including the adjusted interchange rate is submitted to a third party settlement processor on behalf of the merchant, using a payment algorithm. A second settlement algorithm applied to the payment information determines a buyer rebate which can be submitted to the settlement processor. A transaction result is reported to at least one of the merchant or the buyer.Type: GrantFiled: December 23, 2019Date of Patent: November 29, 2022Assignee: Boost Payment Solutions, Inc.Inventors: Dean Michael Leavitt, James Edward Lister
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Patent number: 11488142Abstract: An encrypted payment message is received from a buyer relating to a transaction with a merchant. The encrypted payment message is parsed using a first parsing algorithm to obtain merchant identifying information. The encrypted payment message is further parsed using a second parsing algorithm associated with the merchant identifying information, to obtain at least some payment information for the transaction. The payment information is submitted to a third party settlement processor on behalf of the merchant, using a payment algorithm. The result of the transaction is reported to at least one of the merchant and the buyer.Type: GrantFiled: June 29, 2018Date of Patent: November 1, 2022Assignee: Boost Payment Solutions, Inc.Inventors: Dean Michael Leavitt, James Edward Lister
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Publication number: 20200134609Abstract: An encrypted payment message is received from a buyer relating to a transaction with a merchant. The payment message is parsed using a first parsing algorithm to obtain merchant identifying information. The merchant identifying information is associated with at least a second parsing algorithm or at least one settlement algorithm. The payment message is parsed using the second parsing algorithm to obtain payment information for the transaction. A first settlement algorithm is applied to the payment information to determine an adjusted interchange rate. The payment information including the adjusted interchange rate is submitted to a third party settlement processor on behalf of the merchant, using a payment algorithm. A second settlement algorithm applied to the payment information determines a buyer rebate which can be submitted to the settlement processor. A transaction result is reported to at least one of the merchant or the buyer.Type: ApplicationFiled: December 23, 2019Publication date: April 30, 2020Applicant: Boost Payment Solutions, Inc.Inventors: Dean Michael Leavitt, James Edward Lister
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Publication number: 20180308090Abstract: An encrypted payment message is received from a buyer relating to a transaction with a merchant. The encrypted payment message is parsed using a first parsing algorithm to obtain merchant identifying information. The encrypted payment message is further parsed using a second parsing algorithm associated with the merchant identifying information, to obtain at least some payment information for the transaction. The payment information is submitted to a third party settlement processor on behalf of the merchant, using a payment algorithm. The result of the transaction is reported to at least one of the merchant and the buyer.Type: ApplicationFiled: June 29, 2018Publication date: October 25, 2018Applicant: Boost Payment Solutions, Inc.Inventors: Dean Michael Leavitt, James Edwards Lister