Mastercard International Incorporated

Bruce William Mac Nair

Justin X Howe

Todd Christian Lowenberg

Gary Randall Horn

Po Hu

Jason Alexander Korosec

Kimberly Ann Martin

Thomas Joseph Sellner

Henry Weinberger

Richard Thomas Flynn

Cristobel Kay Von Walstrom

Peter Julian Ramon Antonio R Flor

Ana Paula Martinez Prada Peyser

Raegen Ann-Marie Lang

A network operator intermediates a cashless transaction by sending a payment device issuer an outbound clearing data file enriched with cleansed merchant data. Issuers that choose to participate in the merchant data cleansing service will be provided with the cleansed, and optionally augmented, merchant information. Providing this data to the issuer could be used to help reduce costs associated with 'do not recognize' calls by cardholders, disputed charges, and charge-backs. With cleansed data provided in the clearing record, a device holder would be given access to this cleansed information about the merchant where a transaction took place through their statement. The present disclosure also provides for augmenting the clearing record data to include merchant-specific add-on and/or aggregate data not presently included in the transaction clearing record, yet useful to the issuer both in form and content.

Merchant data cleansing in clearing record

Disclosed are exemplary embodiments of systems and methods for identifying a merchant location based on transaction records for the merchant. In an exemplary embodiment, a method generally includes accessing multiple router records. Each router record is assigned to one of multiple cells of a grid structure indicative of geographic location. Each router record is associated with a target merchant. The method further includes, for each of the multiple router records, searching for a match between the router record and at least one of multiple transactions at the target merchant, based on time, and reporting one or more of the multiple cells as a location associated with the target merchant, when a number of matching router records assigned to said one or more of the multiple cells exceeds a predetermined threshold.

Systems and methods for identifying merchant locations based on transaction records

Growing community of inventors

Stamford, CT, United States of America

Bruce William Mac Nair