Patent ID: 8543502

Claim:
A system operating on a processor to manage merchant payment transaction processing accounts, the system comprising: a merchant initialization system configured to receive merchant account data from a user; a transaction pricing system configured to receive the merchant account data and to provide payment transaction processing pricing (PTPP) data in response to the merchant account information; an authorization system configured to obtain approval of modified PTPP data if one or more profit targets, based on profits that are realized by a payment processor from an aggregate of a plurality of transactions over a predetermined time period, are not reached based on the PTPP data; and wherein the system is configured to: receive merchant account data; transmit the merchant account data to a system having access restricted to a predetermined set of users; display one or more algorithms used to generate the PTPP data to a user; generate the PTPP data at the system using the one or more algorithms and the merchant account data; provide the PTPP data to the user; receive merchant historical transaction data of a predetermined period of time of a merchant associated with the merchant account data; and generate merchant target data related to profitability targets.