US 12,260,380 B2
Processing financial transactions
Koni Uttam Nayak, Mumbai (IN); Ashish Kulpati, Haryana (IN); Pankaj Rajurkar, Indore (IN); and Glenn Leon Powell, Fremont, CA (US)
Assigned to Visa International Service Association, San Francisco, CA (US)
Filed by Visa International Service Association, San Francisco, CA (US)
Filed on Oct. 5, 2023, as Appl. No. 18/481,922.
Application 18/481,922 is a division of application No. 17/343,675, filed on Jun. 9, 2021, granted, now 11,810,085.
Application 17/343,675 is a continuation of application No. 15/509,182, granted, now 11,062,281, issued on Jul. 13, 2021, previously published as PCT/IB2015/057629, filed on Oct. 6, 2015.
Claims priority of application No. 5083/CHE/2014 (IN), filed on Oct. 9, 2014.
Prior Publication US 2024/0037522 A1, Feb. 1, 2024
Int. Cl. G06Q 20/10 (2012.01); G06F 16/22 (2019.01); G06F 16/23 (2019.01); G06F 16/2455 (2019.01); G06Q 20/22 (2012.01); G06Q 20/32 (2012.01); G06Q 40/02 (2023.01); H04W 4/12 (2009.01)
CPC G06Q 20/102 (2013.01) [G06F 16/22 (2019.01); G06F 16/2379 (2019.01); G06F 16/2455 (2019.01); G06Q 20/223 (2013.01); G06Q 20/3224 (2013.01); G06Q 40/02 (2013.01); H04W 4/12 (2013.01)] 18 Claims
OG exemplary drawing
 
1. A method for processing a financial transaction conducted at a payment processing network, the method comprising:
storing, by the payment processing network in a storage, a second set of data elements in association with a second entity;
electronically receiving, by the payment processing network, a transaction request message from an issuing server computer associated with a first entity, the issuing server computer controlling an account of the first entity, the transaction request message being a request to an acquiring server computer for a push transaction in which funds from the account of the first entity are transferred to an account of the second entity, the acquiring server computer controlling the account of the second entity, wherein the transaction request message is received from the issuing server computer in response to the issuing server computer receiving a payment request message from a first entity device comprising a contactless element, wherein the transaction request message includes a first set of data elements including a first entity identifier, a second entity identifier, and an amount associated with the funds to be transferred, and wherein the account of the second entity is credited for the amount;
identifying, by the payment processing network in the storage, the second set of data elements associated with the second entity using the second entity identifier received from the acquiring server computer, the second set of data elements including identifying information related to the second entity;
processing, by the payment processing network, the financial transaction using information contained in the first set of data elements and the identifying information related to the second entity that is contained in the second set of data elements, to generate a score; and
completing, by the payment processing network, the financial transaction based at least on the score,
wherein completing the financial transaction comprises performing a clearing and settlement process between the issuing server computer and the acquiring server computer to transfer funds associated with the amount from the issuing server computer to the acquiring server computer.