CPC G06Q 20/3825 (2013.01) [G06Q 20/06 (2013.01); G06Q 20/085 (2013.01); G06Q 20/26 (2013.01); G06Q 20/40 (2013.01)] | 20 Claims |
9. A system for routing electronic payment transactions to payment networks using electronic transaction simulation, the system comprising:
a data storage device storing instructions for routing electronic payment transactions to payment networks using electronic transaction simulation in an electronic storage medium; and
a processor configured to execute the instructions to perform a method including:
predicting a likelihood of authorization acceptance of a transaction for each network-processor combination among a plurality of eligible network-processor combinations of an eligible payment network for the transaction and an eligible acquirer processor for the transaction based on a dataset of processing results;
for each network-processor combination among the plurality of eligible network-processor combinations, dynamically determining a breakeven transaction amount with respect to each other network-processor combination among the plurality of eligible network-processor combinations, the breakeven transaction amount being defined as a hypothetical transaction amount at which the network-processor combination and the other network-processor combination have equal expenses for the hypothetical transaction amount, the expenses including and costs associated with a failure to obtain authorization acceptance;
determining a least cost network-processor combination among the plurality of eligible network-processor combinations based on identification of a breakeven transaction amount for the network-processor combination;
updating a transaction routing table according to the determined least cost network-processor combination;
routing transactions from a merchant to network-processor combinations according to the updated transaction routing table;
updating the dataset of processing results based on processing results of the transactions;
determining, based on the updated dataset of processing results and the determined least cost combination of acquirer processor and PIN-less debit network, a number of transactions routed to each network-processor combination for which a different network-processor combination had a lower cost; and
providing a user interface including user interface elements for each pair of a first network-processor combination and a second network-processor combination, wherein a size of each user interface element indicates a volume of transactions routed to the first network-processor combination for which the second network-processor combination had a lower cost.
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