Patent ID: 8606662
Filing Date: 2013-12-10
Classification: G06Q,G07F,H04L

Abstract:
1. A computer-based method for processing a financial transaction using a co-brand proprietary payment card through a multi-party payment card interchange network, the co-brand payment card is associated with a cardholder and a co-brand program, the co-brand program including an issuer, a co-brand merchant partner, and the interchange network, said method comprising: storing within a computer database a list of merchants participating in the co-brand program with the interchange network and an account range associated with a private label merchant screening service; receiving at an interchange network computer an authorization request for the financial transaction involving the co-brand payment card, the authorization request received from an acquirer and including a merchant identifier and an account number associated with the co-brand payment card; determining, by the interchange network computer, whether the account number associated with the co-brand payment card is within the account range associated with the private label merchant screening service; determining, by the interchange network computer, whether the transaction originated at one of the participating merchants by comparing the received merchant identifier to the list of participating merchants stored within the database upon the determination by the interchange network computer that the account number associated with the co-brand payment card is within the account range associated with the private label merchant screening service; manipulating at the interchange network computer the authorization request received from the acquirer to include a private label identifier upon the determination by the interchange network computer that the transaction originated at one of the participating merchants; and transmitting an authorization response from the interchange network computer to the acquirer after receiving the authorization response from an issuer, the authorization response including the private label identifier, the authorization response designating the transaction for processing as a private label transaction, the private label identifier used for clearing and settling the transaction.