The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 04, 2018
Filed:
Dec. 23, 2013
Mastercard International Incorporated, Purchase, NY (US);
Bruce William MacNair, Stamford, CT (US);
Ana Paula Martinez Prada Peyser, Key Biscayne, FL (US);
Cristobel Kay von Walstrom, Greenwich, CT (US);
Gary Randall Horn, O'Fallon, MO (US);
Jason Alexander Kiorosec, Morgan Hill, CA (US);
Kimberly Ann Martin, Maryville, IL (US);
Peter Julian Ramon Antonio R. Flor, O'Fallon, MO (US);
Raegen Ann-Marie Lang, Fairview Heights, IL (US);
Richard Thomas Flynn, Defiance, MO (US);
Todd C. Lowenberg, Redding, CT (US);
Thomas Joseph Sellner, Dardenne Prairie, MO (US);
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
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.