Patents Assigned to Paymentech, LLC
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Patent number: 10614431Abstract: A system for updating merchant on file payment data at a payment processor is provided. The system includes a merchant processing selection system receiving selection data for one of two or more types of on file payment data update processing. A merchant account update system receives the selection data and processes account update data based on the selection data.Type: GrantFiled: March 27, 2017Date of Patent: April 7, 2020Assignee: PAYMENTECH, LLCInventors: Tonya Lin Carroll, Chantal Adair Gaspie, Gwen Ellen Murray, Lakshma Reddy Eapur
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Patent number: 10115160Abstract: A system for dynamic currency conversion is provided. The system includes a bank identifier system determining whether currency conversion is available for a card-issuing bank of a presented card, such as by comparing a bank identifier from the card with a list or table of participating banks. An exchange rate system determines whether an exchange rate has expired, such as an exchange rate associated with the foreign currency of the card-issuing bank. The card holder is presented with an option for selecting a foreign currency transaction after it is determined that currency conversion is available for the card-issuing bank and that the exchange rate has not expired, such that the card holder does not need to see such information unless foreign currency processing is available.Type: GrantFiled: February 18, 2014Date of Patent: October 30, 2018Assignee: PAYMENTECH, LLCInventors: Michael K. Nicholls, Lester S. Maragh, Joan DeTemple, Rosemary R. Thomas, Zunoraine Holmes, George E. Wilcox, Keeley M. Sapienza, Lubna Shad
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Patent number: 9607334Abstract: A system for updating merchant on file payment data at a payment processor is provided. The system includes a merchant processing selection system receiving selection data for one of two or more types of on file payment data update processing. A merchant account update system receives the selection data and processes account update data based on the selection data.Type: GrantFiled: October 11, 2011Date of Patent: March 28, 2017Assignee: PAYMENTECH, LLCInventors: Tonya Lin Carroll, Chantal Adair Gaspie, Gwen Ellen Murray, Lakshma Reddy Eapur
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Patent number: 9349122Abstract: A system for programming point of sale devices is provided. The system includes a terminal programming system that can program point of sale devices provided by different manufacturers and having different proprietary operating systems. A communications interface is connected to the terminal programming system that receives update requests from the plurality of point of sale devices, such as when the point of sale devices call in to the system or when the point of sale devices respond to a poll.Type: GrantFiled: October 14, 2014Date of Patent: May 24, 2016Assignee: PAYMENTECH, LLCInventors: David T. Meckenstock, Juan E. Lopez, Mark J. George, Diana E. Slavik, Mark A. Lawler, Robert C. Hansen, Gregorio Colon, Lester L. Cooper
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Patent number: 8863147Abstract: A system for programming point of sale devices is provided. The system includes a terminal programming system that can program point of sale devices provided by different manufacturers and having different proprietary operating systems. A communications interface is connected to the terminal programming system that receives update requests from the plurality of point of sale devices, such as when the point of sale devices call in to the system or when the point of sale devices respond to a poll.Type: GrantFiled: July 10, 2012Date of Patent: October 14, 2014Assignee: Paymentech, LLCInventors: David T. Meckenstock, Juan E. Lopez, Mark J. George, Diana E. Slavik, Mark A. Lawler, Robert C. Hansen, Gregorio Colon, Lester L. Cooper
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Patent number: 8799160Abstract: A system for managing merchant payment transaction processing accounts is provided. The system includes a merchant initialization system that receives merchant account data from a user, such as to provide a quote to the merchant for payment processing. A transaction pricing system receives the merchant account data and provides transaction pricing data for payment transaction processing in response to the merchant account information. User access to one or more merchant account pricing algorithms that are used generate the merchant account pricing data in response to the merchant account data is restricted to a predetermined set of users, so as to prevent unauthorized users from obtaining access to the merchant account pricing algorithms.Type: GrantFiled: September 24, 2013Date of Patent: August 5, 2014Assignee: Paymentech, LLCInventors: Jeremy A. Smith, Kathleen Adams, Mike Jarosz, Etta J. Angton, Greg Everly, Robert K. Holt, Daniel Lingerfelt
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Patent number: 8762236Abstract: A system for processing transaction data is provided. The system includes a transaction data format system receiving transaction data and generating transaction data format error data, such as when the transaction data is not in compliance with a transaction data format. The system also includes a transaction data rules system receiving the transaction data and generating transaction rule error data, such as when the transaction data is in the proper format but nevertheless violates a rule of one or more financial processing system.Type: GrantFiled: July 15, 2002Date of Patent: June 24, 2014Assignee: Paymentech, LLCInventors: John Earl Shirey, James Harrison Bullard, Joseph Stumpf Dollard
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Publication number: 20140164155Abstract: A system for dynamic currency conversion is provided. The system includes a bank identifier system determining whether currency conversion is available for a card-issuing bank of a presented card, such as by comparing a bank identifier from the card with a list or table of participating banks. An exchange rate system determines whether an exchange rate has expired, such as an exchange rate associated with the foreign currency of the card-issuing bank. The card holder is presented with an option for selecting a foreign currency transaction after it is determined that currency conversion is available for the card-issuing bank and that the exchange rate has not expired, such that the card holder does not need to see such information unless foreign currency processing is available.Type: ApplicationFiled: February 18, 2014Publication date: June 12, 2014Applicant: PAYMENTECH, LLCInventors: Michael K. Nicholls, Lester S. Maragh, Joan DeTemple, Rosemary R. Thomas, Zunoraine Holmes, George E. Wilcox, Keeley M. Sapienza, Lubna Shad
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Patent number: 8655781Abstract: A system for dynamic currency conversion is provided. The system includes a bank identifier system determining whether currency conversion is available for a card-issuing bank of a presented card, such as by comparing a bank identifier from the card with a list or table of participating banks. An exchange rate system determines whether an exchange rate has expired, such as an exchange rate associated with the foreign currency of the card-issuing bank. The card holder is presented with an option for selecting a foreign currency transaction after it is determined that currency conversion is available for the card-issuing bank and that the exchange rate has not expired, such that the card holder does not need to see such information unless foreign currency processing is available.Type: GrantFiled: January 29, 2013Date of Patent: February 18, 2014Assignee: Paymentech, LLCInventors: Michael K. Nicholls, Lester S. Maragh, Joan DeTemple, Rosemary R. Thomas, George E. Wilcox, Keeley M. Sapienza, Zunoraine Holmes, Lubna Shad
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Patent number: 8543502Abstract: A system for managing merchant payment transaction processing accounts is provided. The system includes a merchant initialization system that receives merchant account data from a user, such as to provide a quote to the merchant for payment processing. A transaction pricing system receives the merchant account data and provides transaction pricing data for payment transaction processing in response to the merchant account information. User access to one or more merchant account pricing algorithms that are used generate the merchant account pricing data in response to the merchant account data is restricted to a predetermined set of users, so as to prevent unauthorized users from obtaining access to the merchant account pricing algorithms.Type: GrantFiled: September 28, 2010Date of Patent: September 24, 2013Assignee: Paymentech, LLCInventors: Jeremy A. Smith, Kathleen Adams, Mike Jarosz, Etta J. Angton, Greg Everly, Robert K. Holt, Daniel Lingerfelt
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Patent number: 8429067Abstract: A system for detecting changes in business stability is provided. The system includes a merchant system that receives periodic payment data from one or more users, such as credit card transaction data. A credit processor coupled to the merchant system receives the periodic payment data from the merchant system and stores the periodic payment data, such as when the credit processor is compiling the credit card transaction data for submission to a credit card company. A merchant credit/risk system coupled to the credit processor generates business stability data from the periodic payment data, such as by determining when changes in the periodic payment data exceed allowable variations for such changes.Type: GrantFiled: April 17, 2001Date of Patent: April 23, 2013Assignee: Paymentech, LLCInventors: Kathleen M. Keller, Sheryl M. York
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Patent number: 8364584Abstract: A system for dynamic currency conversion is provided. The system includes a bank identifier system determining whether currency conversion is available for a card-issuing bank of a presented card, such as by comparing a bank identifier from the card with a list or table of participating banks. An exchange rate system determines whether an exchange rate has expired, such as an exchange rate associated with the foreign currency of the card-issuing bank. The card holder is presented with an option for selecting a foreign currency transaction after it is determined that currency conversion is available for the card-issuing bank and that the exchange rate has not expired, such that the card holder does not need to see such information unless foreign currency processing is available.Type: GrantFiled: November 19, 2004Date of Patent: January 29, 2013Assignee: Paymentech, LLCInventors: Michael K. Nicholls, Lester S. Maragh, Joan DeTemple, Rosemary R. Thomas, Zunoraine Holmes, George E. Wilcox, Keeley M. Sapienza
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Patent number: 8234213Abstract: A system for processing transaction data is provided. The system includes a substitute draft system that receives a retrieval request and generates a substitute draft in response to the retrieval request. The system also includes a merchant interface that is connected to the retrieval system. The merchant interface generates a merchant request in response to the retrieval request. The system thus allows a substitute draft to be generated in response to the retrieval request that may eliminate the need for a merchant response with a sales draft to the request. The system provides for higher and more efficient completion of retrieval requests by ensuring that such retrieval requests receive at least a substitute draft response. By providing at least a substitute draft response to the card user, a chargeback for no response is avoided.Type: GrantFiled: December 14, 2010Date of Patent: July 31, 2012Assignee: Paymentech, LLCInventors: Thomas J. Marsan, Jeffery W. Brown
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Patent number: 8220003Abstract: A system for programming point of sale devices is provided. The system includes a terminal programming system that can program point of sale devices provided by different manufacturers and having different proprietary operating systems. A communications interface is connected to the terminal programming system that receives update requests from the plurality of point of sale devices, such as when the point of sale devices call in to the system or when the point of sale devices respond to a poll.Type: GrantFiled: December 23, 2008Date of Patent: July 10, 2012Assignee: Paymentech, LLCInventors: David T. Meckenstock, Juan E. Lopez, Mark J. George, Diana E. Slavik, Mark A. Lawler, Robert C. Hansen, Gregorio Colon, Lester L. Cooper
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Patent number: 8046288Abstract: A system for processing transaction data and payment data is provided. The system includes a front-end system that receives transaction data from one or more merchants, such as an employee identifier. A back-end system receives payment data from one or more payment systems, such as fraud data. A reporting system that is connected to the front-end system and the back-end system correlates the transaction data the payment data, such as to show employee identifier data and fraud data in a single record.Type: GrantFiled: June 13, 2000Date of Patent: October 25, 2011Assignee: Paymentech, LLCInventors: Lambert Wayne LeRoux, Russell James Mahy, Jay Stumpf Dollard, Chirayu Gangadhar Harshe, Michael Kerrick Nicholls, Eric Randall Bessell, Kirk Thomas Kotz, Gregory James Bricker, Rosemary R. Thomas, Mark A. Lawler, Satish Menon, Michael P. Duffy, Laura C. Rogers, George J. White