Invention Grant
- Patent Title: Processing cross-border transactions
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Application No.: US16565905Application Date: 2019-09-10
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Publication No.: US11308459B2Publication Date: 2022-04-19
- Inventor: Anup Tikku
- Applicant: PayPal, Inc.
- Applicant Address: US CA San Jose
- Assignee: PayPal, Inc.
- Current Assignee: PayPal, Inc.
- Current Assignee Address: US CA San Jose
- Agency: Haynes and Boone, LLP
- Main IPC: G06Q20/02
- IPC: G06Q20/02 ; G06Q20/20 ; G06Q20/22

Abstract:
A method and system for facilitating processing of cross-border transactions are discussed. The method includes accessing transaction terms offered by third-party financial service providers, the transaction terms offered for processing of transactions, the transaction terms obtained from remotely located computing devices associated with the third-party financial service providers. Responsive to receiving cross-border financial transaction information, the method includes comparing information on the transaction terms to determine possible third-party financial service providers available to process a cross-border financial transaction using a funding source from funding sources. The method includes selecting, based on the comparing, a particular third-party financial service provider from the possible third-party financial service providers for processing the cross-border financial transaction. The method includes submitting, via a protocol of the particular third-party financial service provider, information related to the cross-border financial transaction and the funding source to the particular third-party financial service provider.
Public/Granted literature
- US20200005252A1 Processing Cross-Border Transactions Public/Granted day:2020-01-02
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