Patent ID: 11900387
Assignee: MASTERCARD INTERNATIONAL INCORPORATED
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 7:
8. A computerized method for providing transaction retry notifications, the method comprising:
receiving, by a processor, an insufficient funds message of a first transaction, wherein the insufficient funds message indicates that the first transaction includes a payment to be provided to a merchant from an account and that the account has insufficient funds to provide the payment to the merchant;
storing, by the processor, an account identifier of the account associated with the first transaction in a monitored account identifier data set;
detecting, by the processor, a successful transaction message of a second transaction associated with the account based on the stored account identifier in the monitored account identifier data set, the second transaction being initiated after the first transaction;
upon detecting the successful transaction message, calculating a confidence factor of a retry attempt of the first transaction, wherein the confidence factor indicates a likelihood that the retry attempt will be successful;
determining that the calculated confidence factor exceeds a confidence threshold;
upon determining that the calculated confidence factor exceeds the confidence threshold, sending, by the processor, a transaction retry notification to the merchant;
receiving a retry of the first transaction from the merchant after sending the transaction retry notification; and
training, using a machine learning module comprising a trained regressor that is trained based on merchant feedback indicating whether the retry was successful, an account usage model.