US 11,687,944 B2
Systems and methods for optimizing transaction authorization conversion rate
William H. Cohn, Lexington, MA (US); Sayid Shabeer, Ashland, MA (US); and Ned Canning, Boston, MA (US)
Assigned to Worldpay, LLC, Symmes Township, OH (US)
Filed by Worldpay, LLC, Symmes Township, OH (US)
Filed on Dec. 29, 2021, as Appl. No. 17/646,390.
Application 17/646,390 is a continuation of application No. 16/797,327, filed on Feb. 21, 2020, granted, now 11,250,441.
Application 16/797,327 is a continuation of application No. 15/717,500, filed on Sep. 27, 2017, granted, now 10,607,231.
Prior Publication US 2022/0122079 A1, Apr. 21, 2022
Int. Cl. G06Q 20/00 (2012.01); G06Q 20/40 (2012.01)
CPC G06Q 20/409 (2013.01) [G06Q 20/4018 (2013.01)] 14 Claims
OG exemplary drawing
 
1. A method for optimizing transaction authorization conversion rates, comprising:
receiving, at an acquirer processor, a payment transaction from a merchant device; and
modifying one or more parameters of the payment transaction according to authorization success factors generated from a database of payment transaction processing results,
wherein the authorization success factors include an absence of one or more of a billing address, a card verification value (CVV), and a payment vehicle expiration date, or
wherein the merchant device is associated with a plurality of merchant classification codes (MCCs), and the authorization success factors indicate a likelihood of authorization of the payment transaction associated with each MCC among the plurality of MCCs.