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Method, system, and computer program product for processing fund disbursement transaction

A computer program and computer technology, applied in the field of processing capital expenditure transactions, can solve problems such as preventing the acquirer's system from effectively utilizing the original letter of credit transaction.

Pending Publication Date: 2021-04-02
VISA INT SERVICE ASSOC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

This effectively prevents the acquirer system from effectively utilizing the original letter of credit transaction in the context of a disbursement of funds transaction

Method used

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  • Method, system, and computer program product for processing fund disbursement transaction
  • Method, system, and computer program product for processing fund disbursement transaction
  • Method, system, and computer program product for processing fund disbursement transaction

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Embodiment Construction

[0048]For the purposes of the following description, the term "end", "upper", "lower", "right side", "left", "vertical", "horizontal", "top", "bottom", "horizontal direction" "," Longitudinal "and its derived words should be related to the present invention as it is oriented in the drawings. However, it should be understood that the invention may employ various alternative variations and step sequence unless explicitly designated as the opposite. It is also to be understood that the specific devices and processes shown in the drawings and the specifications and processes described below are merely an exemplary embodiment or aspect of the invention. Thus, specific dimensions and other physical properties disclosed in the embodiments disclosed herein should not be considered as limiting.

[0049]Aspects, components, components, structures, operations, steps, functions, instructions, etc. used herein should not be understood as critical or necessary, unless explicitly described. Also, as ...

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Abstract

A computer-implemented method for processing a fund disbursement transaction includes receiving a fund disbursement request identifying a disbursement amount; determining the merchant account and theconsumer account; generating a first authorization request based on the disbursement amount and the merchant account, wherein the first authorization request is configured to cause an acquirer systemcorresponding to the merchant account to determine whether the merchant account includes the disbursement amount; communicating the first authorization request; receiving a first authorization response; and generating a second authorization request configured to initiate a push payment of the disbursement amount to the consumer account.

Description

[0001]Related application cross-reference[0002]The present application claims # 16 / 100,861 of the title "Method, System and Computer Program Product (Method, System, And Computer Program Product for Processing Afund Disburse Transaction), filed on August 10, 2018 No. US Patent Application Priority, the disclosure of the US patent application is incorporated herein by reference.Technical field[0003]The present disclosure relates to methods, systems, and computer program products for processing fund expenditure transactions, and in one example, involving methods, systems, and computer program products, systems, systems, and computer program products that use original letter of credit transactions.Background technique[0004]Usually handled fund expenditure requests to spend the expenditure from the business account account to the consumer account. In one example, the business business account is an account corresponding to the insurance company, while the consumer account is an accoun...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/14G06Q30/02G06Q30/06G06Q40/02G07F19/00G06Q20/20G06Q20/40
CPCG06Q40/02G06Q20/102G06Q20/407G07F17/329G07F17/42G06Q20/401G06Q20/26
Inventor 安库什·辛格
Owner VISA INT SERVICE ASSOC