Abstract: A method for determining merchant availability is provided. The method includes storing in an electronic storage device a database of merchant transactions; accessing information in the database concerning the transactions, including time of the transactions and locations for merchants participating in the transactions, and assembling the information to provide locations where a merchant is currently available for conducting business. A computer readable non-transitory storage medium storing instructions of a computer program, which when executed by a computer system, results in performance of steps of the method.

Abstract: The present disclosure relates to methods and systems for placing and processing a payment transaction for an order for one or more products. A method of processing a payment transaction for an order for one or more products is provided. The method comprises: receiving an authorization request message comprising: a token PAN associated with a payment account and with an electronic device configured to detect the presence of the one or more products. It is determined that the payment transaction should be processed according to a delayed clearing protocol. A clearing presentment file comprising at least one clearing presentment message is received. The payment transaction is processed according to a delayed clearing protocol by determining whether the network server has received a receipt message from the electronic device and, if not, returning an error message to the first financial intuition indicating that the clearing presentment message has been rejected.

Abstract: A computer-implemented method for managing access to data stored within a data source is provided. The method includes receiving updated account data including an updated account identifier, and at least one subscription rule for verifying that a merchant is authorized to receive updated account data. The method also includes storing the updated account data and the at least one subscription rule. The method further includes receiving a registration request from a requesting merchant including at least one candidate account identifier and one merchant identifier identifying the requesting merchant, and retrieving the at least one subscription rule after matching the candidate account identifier to the updated account identifier.

Abstract: A method of electronic user message protocol extension for a transaction requiring delivery is provided. The method is implemented using a message protocol extension (MPE) computing device.

Abstract: An edge node computing system and corresponding methods for performing secondary processing of data at edge nodes of a computer network. The edge node computing system receives messages, such as authorization messages, representing a payment transaction initiated by a cardholder with a merchant. A primary processor of the edge node computing system performs a primary processing and determines whether to forward the message to a second processor for secondary processing. After secondary processing is completed, the second processor generates an enhanced message based on the original message and the results of the secondary processing and transmits the enhanced message accordingly. The systems and methods disclosed are particularly suited for provided value-added services in payment processing networks.

Abstract: An automatic billing updater (ABU) manager computing device for managing an account information data source and tracking access to the account information data source is provided. The ABU manager computing device receives account data from an issuing party, stores the account information in an account information data source, and provides the account data to requesting parties. The ABU manager computing device tracks access to the stored account data via an ABU traffic data source. ABU manager computing device may also track transaction-related messages corresponding to the stored account data in a transaction traffic data source. In certain embodiments, ABU manager computing device may generate and transmit notifications based on data stored in one or more of the stored account data, the ABU traffic data source, and the transaction traffic data source.

Abstract: A regulated account-on-file billing updater (ABU) computing device for regulating an account information data source and verifying access to the account information data source is provided. The regulated ABU computing device receives account data from an issuer, the account data corresponding to a cardholder, and stores the account data in an account information data source based on an account identifier associated with the cardholder. The regulated ABU computing device receives an update request from a merchant, the update request including the account identifier and requesting the account data of the cardholder, and verifies the update request in response to receiving the update request by applying at least one verification rule and determining that the merchant is a verified merchant. The regulated ABU computing device also generates an update response, the update response including the account data of the cardholder, and transmits the update response to the verified merchant.

Abstract: A method for determining merchant availability is provided. The method includes storing in an electronic storage device a database of merchant transactions; accessing information in the database concerning the transactions, including time of the transactions and locations for merchants participating in the transactions, and assembling the information to provide locations where a merchant is currently available for conducting business. A computer readable non-transitory storage medium storing instructions of a computer program, which when executed by a computer system, results in performance of steps of the method.

Abstract: An automatic billing and cardholder profile updater (ABCPU) computing device is provided. The ABCPU computing device receives an update request including an account identifier and associated with a candidate payment account over a first network, retrieves billing data associated with the candidate payment account from a billing database that stores billing data associated with a plurality of payment accounts, generates a card profile query including the account identifier, transmits the card profile query over a second network separate from the first network, receives card profile data associated with the candidate payment account from a card profile database that stores card profile data associated with a plurality of payment accounts, generates an update response including the retrieved billing data and the received card profile data, and transmits the update response over the first network to at least one of an acquirer and a merchant associated with the update request.

Abstract: A network translation computing device for processing consolidated messages is disclosed. The network translation computing device receives a web-based authentication response including a plurality of data elements in a web-based format. The network translation computing device translates the plurality of data elements from the web-based format to a network-based format. The network translation computing device generates a network-format authorization request message including the plurality of data elements in the network-based format. The network translation computing device transmits the network-format authorization request message to an issuer of the transaction card to initiate an authorization process of the transaction.

Abstract: A system and a method for determining whether a refund has been issued by at least one of multiple parties having potential responsibility for issuing a refund. Issuance of multiple refunds to a claimant or claimants, or chargebacks to acquirers when a refund has been issued is prevented. The system includes an electronic storage device that has a database of data concerning transactions, including data as to whether a refund has been issued, an access path that allows access to and supplementing of data concerning a transaction, and a processor for assembling the data concerning the transaction so that access is provided to the multiple parties granted selected access to the data.

Abstract: A system and a method for the resale of one or more forward-sold goods and/or services allows a transaction to be specified as one in which the goods or services may be resold by the purchaser until a time close to actual delivery. The merchant maintains control of the conditions of the resale. If a resale occurs, the merchant receives a commission. The account of the original purchaser is credited with the resale price minus the commission. The availability of goods for resale can be determined by searching a web site for such goods.

Abstract: A system and a method for determining at least one of availability and price of a product includes an electronic storage device having a database of merchant transactions stored therein; an access path for allowing access to information concerning the transactions, including when a given product has been sold and the price at which the product was sold, and a processor for assembling the information concerning at least one of sales of the given product and the price at which it was sold, to provide at least one of locations where the product is available, and the price at which the product was sold at the location or locations. A computer readable non-transitory storage medium stores instructions of a computer program which, when executed by a computer system, results in performance of steps of the method for determining at least one of availability and price of a product.

Abstract: A system and a method for determining whether a refund has been issued by at least one of multiple parties having potential responsibility for issuing a refund. Issuance of multiple refunds to a claimant or claimants, or chargebacks to acquirers when a refund has been issued is prevented. The system includes an electronic storage device that has a database of data concerning transactions, including data as to whether a refund has been issued, an access path that allows access to and supplementing of data concerning a transaction, and a processor for assembling the data concerning the transaction so that access is provided to the multiple parties granted selected access to the data.

Abstract: A method for cross-authorisation of a financial transaction made from a joint account of at least a first co-owner and a second co-owner, the method comprising: requesting, at a first terminal executing or connected to a transaction processing system, by the first co-owner of the joint account processing of a financial transaction to be made from the joint account, transmitting, from the transaction processing system, the request for the financial transaction to an access control server, determining, at the access control server, at least the second co-owner of the joint account, requesting, from the access control server, authorisation of the financial transaction from the at least second co-owner at a second terminal, and transmitting, responsive to the authorisation, by the at least second co-owner at the access control server, confirmation for processing the financial transaction to the financial transaction system.

Abstract: An illicit website identifying (IWI) computing device is described herein, the IWI computing device configured to store a log of suspect illicit websites, the log including website content associated with each suspect illicit website. Each suspect illicit website is associated with a respective merchant. The IWI computing device is also configured to receive transaction data for at least one transaction initiated at a first suspect illicit website, the first suspect illicit website included within the log of suspect illicit websites, and analyze the received transaction data to identify one or more transactions including at least a portion of the website content associated with the first suspect illicit website. The IWI computing device is further configured to identify the first suspect illicit website and the merchant associated therewith as illicit for further investigation, and generate an identification report including the identified illicit website and merchant.

Abstract: A method for distributing cardholder transaction information includes: storing, in a database, a plurality of transaction data entries, wherein each transaction data entry includes data related to a previously conducted financial transaction involving at least one of a plurality of merchants and includes at least a merchant identifier, a consumer identifier, a transaction time and/or date, and transaction data; receiving, by a receiving device, a transaction cache request, wherein the transaction cache request includes at least a specific merchant identifier; identifying, by a processing device, a transaction data entry subset, wherein the transaction data entry subset includes a subset of the plurality of transaction data entries and where each transaction data entry in the transaction data entry subset includes at least the specific merchant identifier; and transmitting, by a transmitting device, the transaction data entry subset to a merchant associated with the specific merchant identifier.

Abstract: A system and a method are provided that each have the capability for immediate merchant transfer of a forward-sold good contract. At the time of purchase of a transferable/resellable forward-sold good, a merchant strike price is set by the merchant. If the merchant strike price is met by a bidding merchant, this allows transfer/resale of the forward-sold good contract to the bidding merchant. A system for merchant transfer of a forward-sold good contract by use of a merchant transferable website and database is also provided.

Abstract: A system and a method for the resale of one or more forward-sold goods and/or services allows a transaction to be specified as one in which the goods or services may be resold by the purchaser until a time close to actual delivery. The merchant maintains control of the conditions of the resale. If a resale occurs, the merchant receives a commission. The account of the original purchaser is credited with the resale price minus the commission. The availability of goods for resale can be determined by searching a web site for such goods.

Abstract: A system and a method for determining when a predetermined number of a specific product or of a type of product has been sold so that an alert can be generated when the number sold exceeds the predetermined number. Transaction rules can be set to monitor transaction data in a database to achieve this result. The transaction rules can be set for a generic product, for a specific product, or to exclude certain products. The system and the method issue an additional alert when data in a database indicates that the number of a specific product or of a type of product being sold in a selected time frame is below the selected predetermined number or another selected predetermined, for a selected period of time.