Patent ID: 11915218
Assignee: MASTERCARD INTERNATIONAL INCORPORATED
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 7:
8. An apparatus comprising:
a network interface configured to receive point-of-sale (POS) transactions of a merchant from a merchant POS terminal over an electronic payment network; and
a processor configured to
download and install an application programming interface (API) that enables a computing system of a lender and a computing system of an acquirer of the merchant to communicate directly with each other,
receive, via the API, an API call from the computing system of the lender with a request to allocate a ratio of daily payments submitted from the merchant POS terminal to a lender payment account, the API call comprising a merchant identifier, an account identifier of a payment account of the merchant with the lender, and a request to split merchant POS transactions according to a repayment ratio value,
establish a recurring and automatic push of a portion of daily POS transactions to the lender payment account to repay a pre-existing obligation of the merchant with the lender based on the repayment ratio value,
aggregate the received POS transactions and execute a settlement process for a predetermined period of time via the electronic payment network which deposits the aggregated POS transactions received from the merchant POS terminal during a day into a payment account hosted by an acquirer of the merchant corresponding to the account identifier included in the API call, and
execute an additional payment transaction via the electronic payment network that pushes a repayment amount of funds from the merchant payment account to a computing system that hosts the lender payment account via the electronic payment network based on the aggregated POS transactions received from the merchant terminal and the established repayment ratio value,
wherein the processor intentionally delays the execution of the additional payment transaction until a predetermined period of time after an end of the settlement process which is almost instantaneous with the end of the settlement process, and automatically pushes the additional payment transaction to the computing system that hosts the lender payment account after an end of the predetermined period of time.