Patents Assigned to PE Systems, LLC
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Publication number: 20130159151Abstract: This document describes tools capable of auditing and/or determining changes in card-issuer interchange rates charged for credit-card transactions. The tools may do so automatically and with user interaction for large amounts of transactions.Type: ApplicationFiled: October 26, 2012Publication date: June 20, 2013Applicant: PE SYSTEMS, LLCInventor: PE Systems, LLC
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Patent number: 8301559Abstract: This document describes tools capable of auditing and/or determining reductions to card-issuer interchange fees charged for credit-card transactions. The tools may do so automatically and with user interaction for large amounts of transactions.Type: GrantFiled: November 30, 2011Date of Patent: October 30, 2012Assignee: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr
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Patent number: 8244634Abstract: This document describes tools capable of altering to which interchange categories credit-card transactions are assigned. In some embodiments, the tools receive parameters for interchange categories and transaction information for a client (e.g., one or more merchants) that has been charged interchange fees based on some of these categories. The parameters are utilized (e.g., by a credit card issuer) to determine to which interchange category a particular transaction will be assigned. The tools may determine, based on these parameters and the transaction information, how transactions may be changed to enable similar credit-card transactions to be assigned to a lower-cost interchange category.Type: GrantFiled: September 19, 2011Date of Patent: August 14, 2012Assignee: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr
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Publication number: 20120011060Abstract: This document describes tools capable of altering to which interchange categories credit-card transactions are assigned. In some embodiments, the tools receive parameters for interchange categories and transaction information for a client (e.g., one or more merchants) that has been charged interchange fees based on some of these categories. The parameters are utilized (e.g., by a credit card issuer) to determine to which interchange category a particular transaction will be assigned. The tools may determine, based on these parameters and the transaction information, how transactions may be changed to enable similar credit-card transactions to be assigned to a lower-cost interchange category.Type: ApplicationFiled: September 19, 2011Publication date: January 12, 2012Applicant: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr
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Patent number: 8078531Abstract: This document describes tools capable of auditing and/or determining reductions to card-issuer interchange fees charged for credit-card transactions. The tools may do so automatically and with user interaction for thousands or even millions of transactions.Type: GrantFiled: April 25, 2007Date of Patent: December 13, 2011Assignee: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr
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Patent number: 8024268Abstract: This document describes tools capable of determining ways in which to alter interchange categories assigned to credit-card transactions. In some embodiments, the tools receive parameters for interchange categories and transaction information for merchants that have been charged interchange fees based on some of these categories. The tools may determine, based on these parameters and transaction information, how parameters may be changed to enable similar credit-card transactions to be assigned a lower-cost interchange category and the accompanying potential fee savings.Type: GrantFiled: September 4, 2009Date of Patent: September 20, 2011Assignee: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr
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Patent number: 8019681Abstract: This document describes tools capable of altering to which interchange categories credit-card transactions are assigned. In some embodiments, the tools receive parameters for interchange categories and transaction information for a client (e.g., one or more merchants) that has been charged interchange fees based on some of these categories. The parameters are utilized (e.g., by a credit card issuer) to determine to which interchange category a particular transaction will be assigned. The tools may determine, based on these parameters and the transaction information, how transactions may be changed to enable similar credit-card transactions to be assigned to a lower-cost interchange category.Type: GrantFiled: December 31, 2009Date of Patent: September 13, 2011Assignee: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr
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Patent number: 8019680Abstract: This document describes tools capable of determining ways in which to alter interchange categories assigned to credit-card transactions. In some embodiments, the tools receive parameters for interchange categories and transaction information for a client (e.g., one or more merchants) that has been charged interchange fees based on some of these categories. The tools may determine, based on these parameters and transaction information, how parameters may be changed to enable similar credit-card transactions to be assigned a lower-cost interchange category and the accompanying potential fee savings.Type: GrantFiled: October 12, 2009Date of Patent: September 13, 2011Assignee: PE Systems, LLCInventors: Alan Wayne McElroy, Thomas P. Parrish, Kelly Birr