Invention Grant
- Patent Title: System and method for payment platform self-certification for processing financial transactions with payment networks
-
Application No.: US17037863Application Date: 2020-09-30
-
Publication No.: US11625693B2Publication Date: 2023-04-11
- Inventor: Johan Mattias Nordlof , Douglas Michael Bay
- Applicant: Worldpay, LLC
- Applicant Address: US OH Symmes Township
- Assignee: Worldpay, LLC
- Current Assignee: Worldpay, LLC
- Current Assignee Address: US OH Symmes Township
- Agency: Bookoff McAndrews, PLLC
- Main IPC: G06Q20/02
- IPC: G06Q20/02 ; G06Q20/38 ; G06Q20/40

Abstract:
Payment platforms such as point of sale terminals can send test transactions to an acquirer processor certification and analytics system for certification of the payment platform's readiness to perform financial transaction processing with payment networks. A payment platform sends a test transaction to an acquirer processor and receives a unique request identifier. The request identifier and a test identifier associated with the test transaction are sent to an analytics engine that retrieves data associated with the test transaction from the acquirer processor, and expected values based on the test identifier. The analytics engine performs a comparison and determines a certification result for the payment platform based on the comparison. Based on certification results, authorization or licenses can be granted to payment platforms to use payment networks of the acquirer processor.
Public/Granted literature
Information query