System and apparatus for transaction data format and function verification

Inactive Publication Date: 2014-12-18
CHASE PAYMENTECH SOLUTIONS
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

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Benefits of technology

[0007]The present invention provides many important technical advantages. One important technical advantage of the present invention is a system and apparatus for processing transaction data that determines whether a format error or rules error has been committed by a merchant that has submitted the transaction data for two or more financial processing systems. The present invention thus ensures that the data provided to each financial processing system not only is in the proper format, but also meets any functional requirements.

Problems solved by technology

The system also includes a transaction data rules system receiving the transaction data and generating transaction rule error data, such as when the transaction data is in the proper format but nevertheless violates a rule of one or more financial processing system.

Method used

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  • System and apparatus for transaction data format and function verification
  • System and apparatus for transaction data format and function verification
  • System and apparatus for transaction data format and function verification

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Embodiment Construction

[0014]In the description which follows, like parts are marked throughout the specification and drawings with the same reference numerals, respectively. The drawing figures may not be to scale and certain components can be shown in generalized or schematic form and identified by commercial designations in the interest of clarity and conciseness.

[0015]FIG. 1 is a diagram of a system 100 for processing transaction data in accordance with an exemplary embodiment of the present invention. System 100 allows transactions such as credit card transactions, debit card transactions, or other suitable transactions to be processed through a centralized system, such that merchants can readily interface with a number of different financial processing systems.

[0016]System 100 includes transaction processing system 102 and merchant interface system 104, which can be implemented in hardware, software, or a suitable combination of hardware and software, and which can be one or more hardware systems, o...

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Abstract

A system for processing transaction data is provided. The system includes a transaction data format system receiving transaction data and generating transaction data format error data, such as when the transaction data is not in compliance with a transaction data format. The system also includes a transaction data rules system receiving the transaction data and generating transaction rule error data, such as when the transaction data is in the proper format but nevertheless violates a rule of one or more financial processing system.

Description

FIELD OF THE INVENTION[0001]The present invention pertains to the field or transaction data processing. More specifically, the invention relates to a system and apparatus for transaction data processing that specifies data formats related to functions performed for different financial processing entities.BACKGROUND[0002]Transaction processing systems are known in the art. Such transaction processing systems receive transaction data from merchants and assemble the data for transmission to financial processing systems, such as banks or credit card issuing organizations. These transaction processing systems receive data from the merchant in the format dictated by the financial processing system, and forward the transaction data on for subsequent processing in large files known as “batch files.” These batch files are usually submitted once every day, or at other periodic times.[0003]While such transaction processing systems perform certain useful functions, the merchant must ensure that...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q20/10G06Q20/40
CPCG06Q20/40G06Q20/10G06Q40/06
Inventor SHIREY, JOHN E.BULLARD, JAMES H.DOLLARD, JOSEPH S.
Owner CHASE PAYMENTECH SOLUTIONS
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