Predicting approval of transactions
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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Mar 6, 2018
Issued Date -
N/A
app pub date -
Mar 5, 2013
filing date -
Mar 5, 2013
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Method, systems, and apparatus for processing a payment transaction includes determining that a network connection between a first destination in a payment system and a second destination in a payment system does not satisfy a latency threshold; receiving data indicating a payment transaction between a customer and a merchant; determining whether the payment transaction should be stored, where the determining is based on a risk algorithm model that considers risk factors associated with data regarding the payment transaction, risk factors associated with data regarding the customer, and risk factors associated with data regarding the merchant; if the payment transaction should be stored: storing the payment transaction for future processing; displaying an indication that the payment transaction has been successfully processed; if the payment transaction should not be stored: attempting to send a request for authorization for the payment transaction at a payment service system included in the payment system.
First Claim
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International Classification(s)
- 2013 Application Filing Year
- G06Q Class
- 9604 Applications Filed
- 6937 Patents Issued To-Date
- 72.24 % Issued To-Date
Cited Art Landscape
Patent Citation Ranking
- 18 Citation Count
- G06Q Class
- 80.77 % this patent is cited more than
- 7 Age
Maintenance Fees
| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|---|---|---|---|
| 7.5 Year Payment | $3600.00 | $1800.00 | $900.00 | Sep 6, 2025 |
| 11.5 Year Payment | $7400.00 | $3700.00 | $1850.00 | Sep 6, 2029 |
