Patent ID: 7346551
Filing Date: 2008-03-18
Classification: G06F,G06Q,H04L

Abstract:
1. A method for processing transactions in a hosted electronic transaction service system based on a custom strategy, the method comprising the steps of: receiving, at a host of the hosted electronic transaction service system, a strategy from a merchant, wherein the strategy specifies one or more services to perform in relation to an electronic transaction associated with the merchant and specifies one or more actions, selected from an action library, to perform in response to performance of at least one of the specified one or more services; wherein the strategy describes a flow of rules that comprises a logical hierarchy in which an order of processing is programmatically determinable, and wherein the rules evaluate to a boolean value and are associated with a respective action to perform in response to the boolean value; receiving, at the host and from the merchant, transaction information associated with an electronic transaction; and the host servicing the electronic transaction according to the strategy and based on the transaction information, including performing the one or more actions in response to performance of the at least one of the specified one or more services, wherein the one or more services specified in the strategy comprise at least one service from each of at least two service types from a suite of service types offered by the host and consisting of (a) payment services, (b) stored value services, (c) risk management services, (d) fulfillment management services, and (e) distribution control services.