Title:
METHODS AND SYSTEMS FOR PROVIDING GUARANTEED MERCHANT TRANSACTIONS
Document Type and Number:
WIPO Patent Application WO/2005/109307
Kind Code:
A2
Abstract:
A network arrangement is provided for processing credit transactions. A financial
network is used to route communications securely between interfaces with the
financial network. Merchant systems are coupled with the interfaces, with each
merchant system transmitting requests for authorization of credit transactions
through the financial network. An issuer system authorizes credit transactions
in response to receipt of requests that specify at least a credit account to be
used to support a particular credit transaction and a transaction amount for
the particular credit transaction. A guarantor system separate from the issuer
system determines whether to guarantee credit transactions in response to the
requests and transmits responses indicating whether specific credit transactions
are to be guaranteed through the financial network to the merchant systems.
Inventors:
MASCAVAGE JOHN JOSEPH (US)
WEICHERT MARGARET MORGAN (US)
HOGAN ROBERT (US)
WEICHERT MARGARET MORGAN (US)
HOGAN ROBERT (US)
Application Number:
PCT/US2005/013189
Publication Date:
November 17, 2005
Filing Date:
April 18, 2005
Export Citation:
Assignee:
FIRST DATA CORP (US)
MASCAVAGE JOHN JOSEPH (US)
WEICHERT MARGARET MORGAN (US)
HOGAN ROBERT (US)
MASCAVAGE JOHN JOSEPH (US)
WEICHERT MARGARET MORGAN (US)
HOGAN ROBERT (US)
International Classes:
G06K5/00; G06Q20/00; G07F7/08; (IPC1-7): G06K5/00; G06F17/60
Foreign References:
| US20050278244A1 | 2005-12-15 | |||
| US20040199462A1 | 2004-10-07 | |||
| US5432326A | 1995-07-11 | |||
| US5428210A | 1995-06-27 |
Other References:
See references of EP 1747522A4
Attorney, Agent or Firm:
GIBBY, Darin, J. et al. (Two Embarcadero Center Eighth Floo, San Francisco CA, US)
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