Invention Grant
- Patent Title: Recurring transaction processing
- Patent Title (中): 经常性交易处理
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Application No.: US12615007Application Date: 2009-11-09
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Publication No.: US07987138B2Publication Date: 2011-07-26
- Inventor: Barbara Patterson
- Applicant: Barbara Patterson
- Applicant Address: US CA San Francisco
- Assignee: Visa International Service Association
- Current Assignee: Visa International Service Association
- Current Assignee Address: US CA San Francisco
- Agency: Kilpatrick Townsend & Stockton LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Techniques for processing of recurring payments are provided that do not require merchants to update consumer account information when a consumer is issued a new account number for a payment card or the like. For example, when a consumer is issued a new account number by an issuer, the new account number can be provided to a payment processing network. A server computer in the payment processing network then identifies any recurring payments associated with the user's old account number and provides the consumer with a list of merchants for which the consumer had established recurring payments associated with the old account number. The consumer is then provided the opportunity to select those merchants for whom the consumer wishes to continue the recurring payments using the new account number. The payment processing network then creates a mapping between the old account number and the new account number for the merchants designated by the consumer and continues to process recurring payment authorization requests received from the designated merchants using the old account information. As a result, the merchants do not need to make any updates to the consumer account information maintained by the merchants, and the consumer is provided with the ability to easily select which merchants can continue processing recurring payments using the old account number.
Public/Granted literature
- US20100299254A1 RECURRING TRANSACTION PROCESSING Public/Granted day:2010-11-25
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