Patent ID: 8271392
Filing Date: 2012-09-18
Classification: G06Q,H04L

Abstract:
1. A computer-based method for processing a financial transaction using a payment card through a third-party interchange network, the financial transaction initiated by a cardholder at a merchant location, the payment card issued by an issuer to the cardholder, said method comprising: storing within a computer database a list of private label participating merchants including a merchant location identifier identifying each location of each private label participating merchant included on the list, the computer database in communication with the interchange network; receiving, at an interchange network computer, an authorization request for the transaction involving the payment card, the authorization request including a data field for storing a merchant location identifier for the merchant location where the transaction occurred; performing a merchant screening process on the transaction including validating the transaction as originating at a private label participating merchant location by comparing the received merchant location identifier to the list of private label participating merchants stored within the computer database; manipulating, at the interchange network computer, the authorization request to include a private label identifier when the transaction is determined to have originated at one of the participating merchants; and transmitting the manipulated authorization request with the private label identifier to the issuer for processing as a private label transaction.