Patent ID: 8942997
Filing Date: 2015-01-27
Classification: G06Q

Abstract:
1. A method of processing payment authorization requests for payment transactions to be conducted via a data communications network on behalf of online merchants, the payment authorization requests being conducted as a result of orders by financial instrument holders via a plurality of different online merchant systems, each of said online merchants having an online merchant identity, and each of said online merchants being associated with one of a plurality of acquiring banks, wherein the method is conducted by a trusted central intermediary system which is arranged to transmit payment authorization requests to each of a plurality of online merchant Internet Payment Service Provider (IPSP) systems, each of said merchant IPSP systems being arranged to transmit payment authorization requests to at least one of a plurality of acquiring bank payment processor systems, each of said plurality of acquiring bank payment processor systems being responsible for processing payment authorizations for at least one of said acquiring banks, and the trusted central intermediary comprises a database configured to store merchant IPSP system transmission data for enabling the transmission of payment authorization request data to a selected merchant IPSP system, and merchant profile data comprising, for each of the online merchants, an online merchant identity together with an identifier of a merchant IPSP system with which the online merchant is registered, the method comprising: