METHOD AND SYSTEM FOR PROCESSING CREDIT CARD PAYMENTS

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United States of America Patent

SERIAL NO

15470218

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Abstract

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A system for processing credit card payments is provided. According to one aspect of the system, a client is able to submit payment transactions in different formats for processing. Depending on the submission format, the payment transaction can be processed by either a batch process or a right-time process. The right-time process processes the payment transaction in real-time upon submission thereby allowing the corresponding credit account to be updated in a more timely manner. In particular, the right-time process adjusts the available credit relative to the corresponding credit account in a real-time manner so that the available credit closely tracks or reflects payments made to the credit account.

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Patent Owner(s)

Patent OwnerAddress
FIRST DATA CORPORATION255 FISERV DRIVE BROOKFIELD WI 53045

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
DeLawter, David J Omaha, US 3 55
Patton, John M Omaha, US 10 210
Winking, Brad K Omaha, US 3 55

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