Patents by Inventor James E. Pastrana
James E. Pastrana has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 11074602Abstract: A method for providing transaction details for payment transactions indicative of offer redemption includes: receiving an offer listing including at least one merchant offer entry, wherein each entry includes an offer identifier and an indication of a valid merchant with which a corresponding offer for goods or services may be redeemed; receiving an offer linking notification including a consumer identifier and an indication of a selection of an offer corresponding to a specific merchant offer entry by a consumer associated with the consumer identifier; identifying a merchant identifier, wherein the merchant identifier corresponds to the valid merchant indicated in the specific merchant offer entry; storing a transaction processing rule, the rule including the identified merchant identifier and the consumer identifier; and transmitting transaction details for a payment transaction included in an authorization request, wherein the authorization request further includes at least the identified merchant identifiType: GrantFiled: October 16, 2013Date of Patent: July 27, 2021Assignee: MASTERCARD INTERNATIONAL INCORPORATEDInventors: Gerard Joseph O'Donnell, Jensen James E. Pastrana
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Patent number: 9846888Abstract: Methods and systems for receiving purchase transaction data and identifying the purchase transactions that qualify for customer rebates. In an embodiment, a transaction clearing computer of a payment processing network receives the purchase transaction data from a plurality of acquirer financial institutions. A rewards system computer of the payment processing network identifies individual purchase transactions that qualify for customer rebates pursuant to rewards programs and based on the purchase transaction data, and then initiates crediting of rebate amounts from acquirer financial institutions to payment card accounts of cardholders at issuer financial institutions. The rewards system computer also initiates charging of the rebate amounts to merchant accounts of merchants associated with the individual purchase transactions that qualified for customer rebates.Type: GrantFiled: August 25, 2014Date of Patent: December 19, 2017Assignee: MasterCard International IncorporatedInventors: Bruno D. Perreault, Christopher P. Aguas, Jay A. Coisman, Brigette A. White, Theresa Ann Erickson, James E. Pastrana
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Publication number: 20170293931Abstract: A method for determining rebate eligibility of an electronic transaction is described. The method includes identifying an account profile based on a received transaction message; generating a reward cost based on reward rules; and determining eligibility for reward usage by the transaction account related to the identified specific account profile based on a correspondence between a stored reward value and the generated reward cost.Type: ApplicationFiled: April 6, 2016Publication date: October 12, 2017Applicant: MasterCard International IncorporatedInventors: Kyle Patrick CLARK, Christopher Andrew GUINEY, Jensen James E. PASTRANA
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Publication number: 20170293930Abstract: A method for determining rebate eligibility of a transaction account is described. The method includes receiving a real-time message including a reason code; identifying a specific account profile from a plurality of profiles; validating the reason code based on a plurality of predetermined valid reason codes; and validating a transaction account related to the identified specific account profile for eligibility of a rebate based on at least the included account balance and a cost value included in the real-time message.Type: ApplicationFiled: April 6, 2016Publication date: October 12, 2017Applicant: MasterCard International IncorporatedInventors: Kyle Patrick CLARK, Christopher Andrew GUINEY, Jensen James E. PASTRANA
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Publication number: 20150242847Abstract: A method for compiling asynchronous transactions includes: receiving, by a receiving device, a first asynchronous message, wherein the first asynchronous message includes at least transaction data and a destination; receiving, during a predetermined period of time, one or more additional asynchronous messages, wherein each of the one or more additional asynchronous messages includes at least transaction data; identifying, by a processing device, a resolved set of data based on at least the transaction data included in the first asynchronous message and the transaction data included in each of the one or more additional asynchronous messages; generating, by the processing device, a compiled message, wherein the compiled message includes at least the identified resolved set of data; and transmitting, by a transmitting device, the generated compiled message to the destination.Type: ApplicationFiled: February 24, 2014Publication date: August 27, 2015Applicant: MasterCard International IncorporatedInventors: Christopher J. ERDELYI, Gerard Joseph O'DONNELL, Jensen James E. PASTRANA
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Publication number: 20150112781Abstract: Systems and methods for processing payment transactions involving reward accounts are disclosed. One exemplary method includes receiving an authorization request for a payment transaction involving a reward account. The authorization request includes at least a transaction amount. The method also includes determining, based on the reward preference, whether the payment transaction is eligible for a reward rebate and transmitting a request for the reward rebate when the payment transaction is eligible.Type: ApplicationFiled: August 21, 2014Publication date: April 23, 2015Inventors: Kyle P. Clark, Christopher A. Guiney, Jensen James E. Pastrana
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Publication number: 20150112780Abstract: A method for initiating a rebate for a payment transaction funded using a reward account includes: storing account data entries, each entry including an account identifier and reward balance; receiving an authorization request for a transaction involving a merchant, the request including payment information and a transaction amount; calculating a transaction reward value based on the transaction amount and a conversion rule; identifying a reduction amount, wherein the amount is a lesser of the transaction reward value and the reward balance included in a data entry where the account identifier corresponds to the payment information; updating the reward balance included in the data entry based on the identified reduction amount; calculating a rebate amount based on the transaction reward value and reduction amount, and the conversion rule; and transmitting a rebate request for the rebate amount from an account of the merchant to an account corresponding to the payment information.Type: ApplicationFiled: October 21, 2013Publication date: April 23, 2015Applicant: MasterCard International IncorporatedInventors: Christopher Andrew GUINEY, Jensen James E. Pastrana
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Publication number: 20150106173Abstract: A method for providing transaction details for payment transactions indicative of offer redemption includes: receiving an offer listing including at least one merchant offer entry, wherein each entry includes an offer identifier and an indication of a valid merchant with which a corresponding offer for goods or services may be redeemed; receiving an offer linking notification including a consumer identifier and an indication of a selection of an offer corresponding to a specific merchant offer entry by a consumer associated with the consumer identifier; identifying a merchant identifier, wherein the merchant identifier corresponds to the valid merchant indicated in the specific merchant offer entry; storing a transaction processing rule, the rule including the identified merchant identifier and the consumer identifier; and transmitting transaction details for a payment transaction included in an authorization request, wherein the authorization request further includes at least the identified merchant identifiType: ApplicationFiled: October 16, 2013Publication date: April 16, 2015Applicant: MasterCard International IncorporatedInventors: Gerard Joseph O'DONNELL, Jensen James E. PASTRANA
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Publication number: 20140365289Abstract: Methods and systems for receiving purchase transaction data and identifying the purchase transactions that qualify for customer rebates. In an embodiment, a transaction clearing computer of a payment processing network receives the purchase transaction data from a plurality of acquirer financial institutions. A rewards system computer of the payment processing network identifies individual purchase transactions that qualify for customer rebates pursuant to rewards programs and based on the purchase transaction data, and then initiates crediting of rebate amounts from acquirer financial institutions to payment card accounts of cardholders at issuer financial institutions. The rewards system computer also initiates charging of the rebate amounts to merchant accounts of merchants associated with the individual purchase transactions that qualified for customer rebates.Type: ApplicationFiled: August 25, 2014Publication date: December 11, 2014Inventors: Bruno D. Perreault, Christopher P. Aguas, Jay A. Coisman, Brigette A. White, Theresa Ann Erickson, James E. Pastrana
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Publication number: 20080255940Abstract: A method includes receiving data that represents purchase transactions received from acquirer financial institutions. The method further includes identifying, from the received data, purchase transactions that qualify for customer rebates. The method further includes transmitting rebate data to certain ones of the acquirer financial institutions. The rebate data identifies the purchase transactions that qualify for customer rebates.Type: ApplicationFiled: December 19, 2007Publication date: October 16, 2008Inventors: Bruno D. Perreault, Christopher P. Aguas, Jay A. Coisman, Brigette A. White, Theresa Ann Erickson, James E. Pastrana