Patent ID: 8352367

Claim:
A process of facilitating payment transactions in which a third-party payment router transacts at least thousands of payments for at least hundreds of payors with at least dozens of payees, using at least one open system card association network, the process comprising: by an issuing bank, directly or indirectly, sponsoring and authorizing the issuance of a plurality of universally accepted open system card numbers (UAOSCN) associated with a BIN, a program and a payment router; tracking, by the issuing bank, the authorized issuance, directly or indirectly, of at least thousands of the UAOSCN issued in one day to the payment router as owner, each UAOSCN loaded with a router requested amount, in funds and/or credit; and funding at least thousands of payment transactions in one day, automatically through at least one open system card association network, for at least thousands of the UAOSCN presented by the router.