Patent ID: 8157166
Filing Date: 2012-04-17
Classification: G06Q

Abstract:
1. A computer-implemented method for processing a payment from a transaction card, the method comprising: assigning, by a computer, a merchant category code for a plurality of merchants, wherein the plurality of merchants have the same merchant category code when those merchants are classified in the same merchant category; receiving, from a point-of-sale terminal of a merchant, a transaction request from a cardholder of the transaction card, wherein the transaction request comprises the merchant's merchant category code; transmitting the transaction request through a card association network to a card issuer for the transaction card; receiving, by a computer of the card issuer, the transaction request; identifying, by the computer of the card issuer, the merchant category code; approving the transaction request if the merchant category code of the transaction request is qualified for the merchant; and denying the transaction request if the merchant category code of the transaction request is not qualified for the merchant.