Mastercard International Incorporated

Jeanne Bernadette Moore

Michael Scott Powell

Ricky Eugene Barton

Pablo Fourez

Mary K Rechert

Smita Sebastian

Srinivasan Chandrasekharan

Farzana Chilwan

John Aprile

Brianna Thompson

Ankush Gupta

A method of providing flexibility of an interchange value in card payments via a commercial flexible interchange program includes receiving an authorization request for payment authorization for a transaction from an acquirer. The authorization request includes information of an account of a buyer associated with an issuer and an interchange value. The method further includes, upon determining that the issuer and the acquirer are registered in the commercial flexible interchange program, sending the authorization request for payment authorization for the transaction to the issuer, receiving an authorization response message, and determining whether the authorization response message includes a decline or an authorization for the transaction. In response to determining that the authorization response message includes the decline, passing the authorization response message to the acquirer. In response to determining that the authorization response message includes the authorization, storing the interchange value and sending the authorization response message.

Transaction network with commercial flexible interchange

A method includes associating a virtual card number (VCN) with an account owned by a customer. The VCN is in a format used for account numbers in a payment card system. The account is not a payment card system account. After a P2M (person to merchant) push payment transaction funded by the account, a request is received from the customer to perform a chargeback with respect to the P2M transaction. A message is transmitted to execute the requested chargeback. The message includes the VCN.

Methods and apparatus for chargebacks of push payment transactions

A chargeback settlement processing (CSP) computer system for determining a gain or loss in a chargeback transaction is provided, that includes a memory device and a processor in communication with the memory device. The processor is programmed to transmit to a payment card network for settlement at least one chargeback transaction file corresponding to at least one received chargeback transaction, associated with an original transaction settled using a first currency exchange rate. The at least one chargeback transaction file includes a unique file identifier. A reconciliation message received from the payment card network includes at least one settlement amount, determined at a second currency exchange rate, for the at least one chargeback transaction and the unique file identifier. The at least one chargeback transaction file is matched to the at least one settlement amount, using the unique file identifier, to determine whether a net gain or a net loss occurred.

Systems and methods for settling chargeback transactions

Growing community of inventors

St. Louis, MO, United States of America

Jeanne Bernadette Moore