Patent ID: 8635131

Claim:
A method for facilitating the management of a transaction request using a BIN identifier, comprising: receiving, by a computer-based system for facilitating the management of a transaction request, at least one funding protocol parameter from a customer; receiving, by the computer-based system, a transaction request, the transaction request including a transaction account number associated with a transaction account, wherein the transaction account is associated with the customer; retrieving, by the computer-based system, a bank identification number (BIN) from the transaction account number, wherein the BIN indicates at least a transaction account issuer of the transaction account number; routing, by the computer-based system, the transaction request to the transaction account issuer identified by the BIN; retrieving, by the computer-based system, a BIN identifier from a portion of the BIN, the BIN identifier identifying a funding protocol for the transaction account; retrieving, by the computer-based system, predefined parameters of the funding protocol, the predefined parameters defining a class of transactions to be processed according to the funding protocol, wherein a first transaction class is associated with a first funding source and a second transaction class is associated with a second funding source; determining, by the computer-based system, that the transaction request satisfies the predefined parameters of the funding protocol; and in response to the transaction request satisfying the predefined parameters of the funding protocol, processing, by the computer-based system, the transaction request in accordance with the funding protocol identified by the BIN identifier, and otherwise processing the transaction request with a non-customer-defined protocol.