Patents by Inventor Thomas E. Rafferty

Thomas E. Rafferty 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).

  • System and method for managing merchant terms and conditions applicable to a payment transaction
    Patent number: 12165146
    Abstract: Systems and methods are provided for managing a merchant's set of terms and conditions that are applicable to a payment vehicle transaction. When a chargeback for the payment vehicle transaction is initiated and disputed, the applicable set of terms and conditions can be transmitted to an issuer financial institution on behalf of the merchant as part of the dispute process.
    Type: Grant
    Filed: March 31, 2021
    Date of Patent: December 10, 2024
    Assignee: Worldpay, LLC
    Inventors: Stefan K. Karaivanov, Thomas E. Rafferty
  • Combination payment card and methods thereof
    Patent number: 12131310
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Grant
    Filed: May 19, 2023
    Date of Patent: October 29, 2024
    Assignee: Worldpay, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey, Christopher S. Postell
  • SYSTEMS, METHODS AND APPARATUS FOR VARIABLE SETTLEMENT ACCOUNTS
    Publication number: 20230306386
    Abstract: Systems and methods for transferring funds from an acquirer processor account to one or more financial accounts. The transferring of the funds can be directed by one or more settlement rules defined by a merchant.
    Type: Application
    Filed: May 31, 2023
    Publication date: September 28, 2023
    Inventors: Thomas E. RAFFERTY, Bryan T. BAILEY
  • COMBINATION PAYMENT CARD AND METHODS THEREOF
    Publication number: 20230289774
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Application
    Filed: May 19, 2023
    Publication date: September 14, 2023
    Inventors: Thomas E. RAFFERTY, Bryan T. BAILEY, Christopher S. POSTELL
  • Systems, methods and apparatus for variable settlement accounts
    Patent number: 11704633
    Abstract: Systems and methods for transferring funds from an acquirer processor account to one or more financial accounts. The transferring of the funds can be directed by one or more settlement rules defined by a merchant.
    Type: Grant
    Filed: November 24, 2020
    Date of Patent: July 18, 2023
    Assignee: Worldpay, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey
  • Combination payment card and methods thereof
    Patent number: 11694186
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Grant
    Filed: February 18, 2021
    Date of Patent: July 4, 2023
    Assignee: Worldpay, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey, Christopher S. Postell
  • SYSTEM AND METHOD FOR MANAGING MERCHANT TERMS AND CONDITIONS APPLICABLE TO A PAYMENT TRANSACTION
    Publication number: 20210217003
    Abstract: Systems and methods are provided for managing a merchant's set of terms and conditions that are applicable to a payment vehicle transaction. When a chargeback for the payment vehicle transaction is initiated and disputed, the applicable set of terms and conditions can be transmitted to an issuer financial institution on behalf of the merchant as part of the dispute process.
    Type: Application
    Filed: March 31, 2021
    Publication date: July 15, 2021
    Applicant: Worldpay, LLC
    Inventors: Stefan K. Karaivanov, Thomas E. RAFFERTY
  • COMBINATION PAYMENT CARD AND METHODS THEREOF
    Publication number: 20210174340
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Application
    Filed: February 18, 2021
    Publication date: June 10, 2021
    Inventors: Thomas E. RAFFERTY, Bryan T. BAILEY, Christopher S. POSTELL
  • System and method for managing merchant terms and conditions applicable to a payment transaction
    Patent number: 10997593
    Abstract: Systems and methods are provided for managing a merchant's set of terms and conditions that are applicable to a payment vehicle transaction. When a chargeback for the payment vehicle transaction is initiated and disputed, the applicable set of terms and conditions can be transmitted to an issuer financial institution on behalf of the merchant as part of the dispute process.
    Type: Grant
    Filed: December 23, 2014
    Date of Patent: May 4, 2021
    Assignee: Worldpay, LLC
    Inventors: Stefan K. Karaivanov, Thomas E. Rafferty
  • Combination payment card and methods thereof
    Patent number: 10956898
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Grant
    Filed: August 7, 2018
    Date of Patent: March 23, 2021
    Assignee: Worldpay, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey, Christopher S. Postell
  • SYSTEMS, METHODS AND APPARATUS FOR VARIABLE SETTLEMENT ACCOUNTS
    Publication number: 20210081910
    Abstract: Systems and methods for transferring funds from an acquirer processor account to one or more financial accounts. The transferring of the funds can be directed by one or more settlement rules defined by a merchant.
    Type: Application
    Filed: November 24, 2020
    Publication date: March 18, 2021
    Inventors: Thomas E. RAFFERTY, Bryan T. BAILEY
  • Systems, methods and apparatus for variable settlement accounts
    Patent number: 10915871
    Abstract: Systems and methods are provided for transferring settlement funds received into a pooled settlement account of an acquirer processor account to one of more financial accounts of a merchant. The transferring of the funds can be directed by one or more settlement rules defined by a merchant. The type of transfer method can be based on the type of financial account. Example types of transfers include Automated Clearing House (ACH) transfers and intrabank transfers.
    Type: Grant
    Filed: April 3, 2018
    Date of Patent: February 9, 2021
    Assignee: Worldpay, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey
  • COMBINATION PAYMENT CARD AND METHODS THEREOF
    Publication number: 20180341943
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Application
    Filed: August 7, 2018
    Publication date: November 29, 2018
    Inventors: Thomas E. RAFFERTY, Bryan T. BAILEY, Christopher S. POSTELL
  • Combination payment card and methods thereof
    Patent number: 10078833
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Grant
    Filed: March 21, 2014
    Date of Patent: September 18, 2018
    Assignee: Worldpay, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey, Christopher S. Postell
  • SYSTEMS, METHODS AND APPARATUS FOR VARIABLE SETTLEMENT ACCOUNTS
    Publication number: 20180225637
    Abstract: Systems and methods are provided for transferring settlement funds received into a pooled settlement account of an acquirer processor account to one of more financial accounts of a merchant. The transferring of the funds can be directed by one or more settlement rules defined by a merchant. The type of transfer method can be based on the type of financial account. Example types of transfers include Automated Clearing House (ACH) transfers and intrabank transfers.
    Type: Application
    Filed: April 3, 2018
    Publication date: August 9, 2018
    Inventors: Thomas E. RAFFERTY, Bryan T. BAILEY
  • Systems, methods and apparatus for variable settlement accounts
    Patent number: 9965749
    Abstract: Systems and methods are provided for transferring settlement funds received into a pooled settlement account of an acquirer processor account to one or more financial accounts of a merchant. The transferring of the funds can be directed by one or more settlement rules defined by a merchant. The type of transfer method can be based on the type of financial account. Example types of transfers include Automated Clearing House (ACH) transfers and intrabank transfers.
    Type: Grant
    Filed: February 25, 2014
    Date of Patent: May 8, 2018
    Assignee: Vantiv, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey
  • COMBINATION PAYMENT CARD AND METHODS THEREOF
    Publication number: 20140207593
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Application
    Filed: March 21, 2014
    Publication date: July 24, 2014
    Applicant: Vantiv, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey, Christopher S. Postell
  • SYSTEMS, METHODS AND APPARATUS FOR VARIABLE SETTLEMENT ACCOUNTS
    Publication number: 20140188712
    Abstract: Systems and methods for transferring funds from an acquirer processor account to one or more financial accounts. The transferring of the funds can be directed by one or more settlement rules defined by a merchant.
    Type: Application
    Filed: February 25, 2014
    Publication date: July 3, 2014
    Applicant: Vantiv, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey
  • Systems, methods and apparatus for payment processing
    Patent number: 8712854
    Abstract: Systems and methods for processing payment transactions using combination payment cards. The combination payment card is associated with an open-loop account and one or more closed-loop accounts. Transaction information is received from a point-of-sale device. At least one of the closed-loop and open-loop account is debited.
    Type: Grant
    Filed: August 30, 2012
    Date of Patent: April 29, 2014
    Assignee: Vantiv, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey, Christopher S. Postell
  • Systems, methods and apparatus for variable settlement accounts
    Patent number: 8700525
    Abstract: Systems and methods for settling funds from an account to one or more settlement accounts of a merchant. The merchant can have a plurality of settlement accounts, which may be the same or different settlement account types. The settling of the funds can be directed by one or more settlement rules defined by the merchant.
    Type: Grant
    Filed: October 17, 2012
    Date of Patent: April 15, 2014
    Assignee: Vantiv, LLC
    Inventors: Thomas E. Rafferty, Bryan T. Bailey