Dynamic Payment Mechanism Recommendation Generator
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United States of America Patent
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app pub date -
Jul 25, 2016
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Jul 25, 2016
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Abstract
Embodiments of the invention relate to a system, computer program product, and method for generating a recommendation for using a payment instrument or combination of payment instruments to tender payment. Payment instrument data is stored in a database. Upon receiving a request for a payment recommendation, payment instrument data is retrieved from the database and a payment instrument score is assessed across two or more payment instruments. The assessment comprises the application of a function to a payment instrument, the function taking into account payment instrument variables, category, and location. A recommendation of an apportionment of the payment is generated, including an allocation of an associated cost and the recommended payment is transmitted to a network server. The payment may then be tendered in accordance with the recommendation and recorded, or alternatively, the recommendation may be overridden and the payment tendered with the overriding data, the data then being recorded and the function adjusted accordingly.
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