Patent ID: 7424455
Filing Date: 2008-09-09
Classification: G06Q

Abstract:
1. A method for providing purchase card transaction processing services to a plurality of merchants, the method comprising: associating, using a merchant financial account record system, a merchant account record with a merchant, the merchant account record including a plurality of fields for storing merchant-specific information, at least a portion of the merchant-specific information relating to merchant direct access authorization, and wherein the merchant account record system is managed at least in part by an entity which provides purchase card transaction processing services to the merchant; processing, using the merchant financial account record system, a non-monetary transaction to update the merchant account record associated with the merchant, including: providing an external user interface, in operative communication with the merchant account record system and configured to: subsequently using the merchant-specific information from the updated merchant account record to process a monetary purchase card transaction submitted by the merchant.