Methods and systems for interchange adjustment
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United States of America Patent
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N/A
Issued Date -
May 7, 2009
app pub date -
Oct 31, 2008
filing date -
Nov 2, 2007
priority date (Note) -
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Abstract
A computer-implemented method and system for interchange adjustment as it relates to private label accounts involves enabling a private label card account with a partner by a card issuer through a card association network with a special program fee that is greater or less than a pre-determined interchange fee established by the card association; issuing a private label card by the card issuer to a cardholder and establishing an associated private label card account for the cardholder; and receiving data for a transaction by a processing system of the card association. The card association processing system calculates and collects the established interchange fee on behalf of the card issuer and sends the transaction data to the card issuer, which calculates a difference between the interchange fee and the special program fee and sends an adjustment back seamlessly through the card association network for credit or debit to an account of the partner.
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