Payment processing system, method and computer program product

Details Payment processing system, method and computer program product Payment processing system, method and computer program product

G - Physics

06

Q

G06Q 20/34 (2012.01) G06Q 20/38 (2012.01)

Patent

CA 2688853

Methods, systems and computer program products for payment processing are provided. A transaction profile for a proposed transaction is received as payment for a purchase by a purchaser from a merchant at a card processing terminal configured to identify a card number for a card. The transaction profile is compared to merchant-specified preferences mapping different transaction profiles to different payment processors, and a payment processor for the proposed transaction is selected based upon the comparison. Thereafter, the proposed transaction is routed over a computer communications network to the selected payment processor. An electronic coupon can be presented by the card processing terminal responsive to the transaction profile, and the purchaser can be prompted to redeem the coupon through the card processing terminal. If the purchaser redeems the coupon, a payment amount for the proposed transaction is reduced and the proposed transaction is routed to the payment processor.

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