21 results about "Merchant account" patented technology

A method for verifying transactions is discussed. The method includes receiving a transaction request for performing a transaction between a user account and a merchant account. The method includes determining, based on authentication of the user account, a common identifier associated with the user account, the common identifier indicating the user account being authorized for use at a plurality of merchant accounts including the merchant account. The method includes determining a payment token for performing the transaction, the determining the payment token based on the common identifier and a user associated with the user account. The method also includes providing the payment token for completing the transaction.

A device may determine that transaction account information, associated with a transaction account associated with a user, is to be updated. The device may identify a merchant account that is configured to use the transaction account for a transaction associated with the user and a merchant, and navigate, using a navigation model, a merchant portal associated with the merchant, to access the merchant account. The device may perform, using the navigation model and login credentials for the merchant account, a login operation to access the merchant account via the merchant portal, wherein the login credentials are stored in a credential mapping that indicates an authorization to update the transaction account information to permit the transaction account information to be used in association with the merchant account. The device may update, using the navigation model, a transaction setting of the merchant account to include updated transaction account information for the transaction account.

This invention relates to the field of digital service technology in the automotive aftermarket. It discloses a method for implementing free franchise integration and traffic generation services with instant settlement for car wash shops. S1: In response to a car wash shop's onboarding request, a merchant account is assigned to the shop, and service information uploaded by the merchant is received and stored. This service information includes shop navigation information, car wash service information, value-added service information, and electronic coupons. This invention adopts a free franchise model with zero franchise fees and zero security deposits, significantly reducing the entry barrier for small and medium-sized car wash shops. It helps shops access online traffic and expand value-added service revenue. Through real-time workstation monitoring and LBS location display, it solves information asymmetry and improves user experience. Intelligent appointment and workstation locking improve operational efficiency. Instant settlement after service and real-time fund arrival alleviate the financial pressure on shops. Dynamic pricing optimizes customer flow. The solution is simple and easy to implement, promoting industry standardization and digital upgrades.

The invention discloses a post-payment intelligent payment method and system based on pre-authorization supervision, and aims to improve payment security and user experience. The method comprises the following steps: firstly, collecting historical purchase behavior data and operation data of a target user, and constructing operation fingerprint features of the user under different purchase behaviors; through clustering analysis, historical purchase operation diversity indexes of the user in various purchase behaviors are calculated and determined, and behavior mode stability of the user is described. And then, real-time purchase operation data of the user is acquired, a real-time diversity index is calculated, and the current purchase risk level of the user is evaluated in combination with historical data. And according to the risk result, pre-authorization supervision control is carried out on the transaction between the user and the merchant account, so that a risk-controllable post-payment strategy is realized. The method can dynamically identify abnormal transaction behaviors, enhances the risk prevention capability of a payment system, and is suitable for various online and offline intelligent payment scenes.

A computer implemented method, system, and non-transitory computer-readable device usable in a mobile transaction environment. A customer scans a purchasing code (e.g., a quick-response (QR) code) using, for example, a mobile device. The QR code is encoded with a payment configuration ID and a merchant account token associated with bank account information for the merchant. Historical purchases for the customer, are analyzed in real time to alert a customer of potential duplicate purchases through a UI on the mobile device. The user may complete or cancel the current transaction by interacting with the UI.

A system and method for performing a transaction at a software-based POS system of a merchant includes receiving, from the software-based POS system, a payment authorization request message. A processor is programmed to extract a dynamic hashed security token from the payment authorization request message. In addition, the processor is programmed to validate the dynamic hashed security token and, upon validating the dynamic hashed security token, determine that the software-based POS system that transmitted the payment authorization request message is running a mobile POS software application. Furthermore, the processor is programed to extract the hardware identifier and the application identifier from the transaction data and compare them to account registration information stored with a merchant account. The processor then determines that the hardware identifier and the application identifier match with the account registration information and transmits the payment authorization request message to an issuer associated with the transaction card details.

The invention belongs to the field of financial credit financing, and particularly relates to an order triggering type credit processing method and system based on a supply chain. The method specifically comprises the steps that S1, a merchant submits an order on a supply chain ordering platform; s2, the financial institution system obtains external risk data from an external risk database; s3, only when the external risk data does not hit the high-risk rule, the financial institution system calculates the credit line in real time according to the historical operation data; s4, the financial institution system examines and approves the payment amount, transfers the loan fund to a merchant account and automatically pays the loan fund to a designated payee; and S5, the financial institution system automatically deducts original interest funds, and after deduction succeeds, the credit line is automatically updated. According to the credit processing method and system, accurate real-time risk control is carried out based on industry data, credit funds are directionally used for payment of goods after being issued, and the financing problem is solved for small and micro merchants in a supply chain system.

A computer-implemented method for communicating transaction data between mobile devices is provided, including: registering account data associated with a merchant account as corresponding to short message service (SMS) device data associated with a point of sale (POS) device and registering account data associated with a user account as corresponding to SMS device data associated with a user device; receiving transaction data associated with a transaction from the POS device via an SMS communication connection, verifying that the POS device and the user device are registered; in response to determining that an account balance of the user account is greater than a transaction authorization limit, sending a first confirmation message associated with the transaction to the user device via the SMS communication connection to confirm the transaction; and in response to receiving a first confirmation response associated with the transaction via the SMS communication connection, processing the transaction data.

The invention is a method for managing a payment transaction started as an EMVCo® transaction with a payment application (12) installed in a payment instrument (10) comprising a digital identity wallet (16) hosting an instant application (14). After transaction refusal, the issuer bank (30) sends to the terminal a configuration data requesting continuation by the instant application. The terminal sends to the issuer bank a terminal request (85) comprising a transaction identifier and a reference of a merchant account, and provides the payment instrument with the transaction identifier and the amount. The instant application sends to issuer bank an instant payment request (87) comprising a dynamic linking authenticator generated by the digital identity wallet. After both successfully verifying that the dynamic linking authenticator is valid and ensuring that the terminal request and the instant payment request are consistent, the issuer bank sends an instant payment order to the merchant bank.

A first electronic device may use a transaction authorization derived from a payment credential residing and provisioned on a second electronic device to perform a payment transaction with a merchant system on behalf of the second electronic device. The second electronic device may permit the first electronic device perform the payment transaction using the transaction authorization provided by the second electronic device. A user of the first electronic device may have a merchant account with the merchant system. A user of the second electronic device may utilize benefits (e.g., discounts, promotions) the user of the first electronic device is entitled to through the merchant account, while also gaining benefits (e.g., rewards points) of using the credential via the transaction authorization.

A system / method includes a processor configured to: generate, via a first machine learning (ML) model, a database query for chargeback dispute resolution for a financial transaction between a customer account and a merchant account; retrieve, using the database query, an account behavior description for one or both of the customer account or the merchant account; generate a dispute resolution prompt based on the account behavior description; submit the dispute resolution prompt to a second ML model comprising an LLM to generate a resolution recommendation; and approve or deny a chargeback corresponding to the financial transaction based on the resolution recommendation.

A method for settling cryptocurrency transactions, comprising entering a smart contract, on a crypto currency network, between a user and a service provider account (SPA), and another smart contract between the SPA and a merchant, the SPA associated with a service provider. Method may include determining whether to approve the amount for the transaction based on spending power associated with the user, the spending power calculated as a wallet balance associated with a user minus a card balance associated with the user, approving the request from the merchant based on the determined approval, updating, the card balance associated with the user and a merchant account balance, based on approving the amount for the transaction, and forwarding a new transaction request to the crypto-currency network to execute the smart contract, and initiating a token transfer on the cryptocurrency network by executing the smart contract.

Provided are a system, method, and computer program product for an account-to-account transaction network. The method includes receiving, via a first application programming interface (API), a transaction request for a transaction including a transaction amount, an issuer identifier, and a merchant identifier. The method includes determining an issuer uniform resource locator (URL) based on the issuer identifier, generating an intent identifier associated with the transaction request, and transmitting the issuer URL and the intent identifier via the first API. The method includes transmitting the intent identifier, the transaction amount, and the merchant identifier to an issuer system associated with the issuer identifier via a second API. The method includes, in response to receiving an authenticated consent identifier from the issuer system, determining a merchant account identifier and an issuer account identifier, and transmitting a combined authorization and settlement message to cause settlement for the transaction amount.

A system and method for performing a transaction at a software-based POS system of a merchant includes receiving, from the software-based POS system, a payment authorization request message. A processor is programmed to extract a dynamic hashed security token from the payment authorization request message. In addition, the processor is programmed to validate the dynamic hashed security token and, upon validating the dynamic hashed security token, determine that the software-based POS system that transmitted the payment authorization request message is running a mobile POS software application. Furthermore, the processor is programed to extract the hardware identifier and the application identifier from the transaction data and compare them to account registration information stored with a merchant account. The processor then determines that the hardware identifier and the application identifier match with the account registration information and transmits the payment authorization request message to an issuer associated with the transaction card details.

In a method for changing a user's bank account information in merchant account databases a server receives a login request including a user identification and first user authentication information. The server further receives a request to change bank account information from a first bank account to a second bank account for merchant accounts of the user and network login information for the first bank account. The server accesses an account information database for the first bank account and downloads transaction information for merchant transactions involving the first bank account. The server identifies a set of merchant user accounts involved in the merchant transactions and receives account login information for a data site associated with a selected account. The server accesses the data site and changes a bank account identification stored therein from the first bank account to the second bank account.

A method for verifying transactions is discussed. The method includes receiving a transaction request for performing a transaction between a user account and a merchant account. The method includes determining, based on authentication of the user account, a common identifier associated with the user account, the common identifier indicating the user account being authorized for use at a plurality of merchant accounts including the merchant account. The method includes determining a payment token for performing the transaction, the determining the payment token based on the common identifier and a user associated with the user account. The method also includes providing the payment token for completing the transaction.

The application provides a processing method and device of electronic payment, electronic equipment and computer readable storage medium; the method comprises the following steps: receiving at least one payment request of at least one client; performing a deduction operation on a user account corresponding to each payment request, sending a deduction success message to the client, and sending a deposit success message to a merchant system corresponding to the payment request; generating a corresponding deposit request based on each payment request, and storing the deposit request into an asynchronous cache database and a distributed message queue respectively; reading a to-be-processed deposit request from the distributed message queue, and performing a deposit operation on a merchant account corresponding to the read deposit request; when the distributed message queue is in an unavailable state, continue to read a to-be-processed deposit request from the asynchronous cache database, and perform a deposit operation on a merchant account corresponding to the read deposit request. The application can improve the data throughput performance of the electronic payment scene and improve the real-time performance of the electronic payment.

A system / method includes a processor configured to: generate, via a first machine learning (ML) model, a database query for chargeback dispute resolution for a financial transaction between a customer account and a merchant account; retrieve, using the database query, an account behavior description for one or both of the customer account or the merchant account; generate a dispute resolution prompt based on the account behavior description; submit the dispute resolution prompt to a second ML model comprising an LLM to generate a resolution recommendation; and approve or deny a chargeback corresponding to the financial transaction based on the resolution recommendation.

A method and apparatus for generating and using secure sharded onboarding user interfaces are described. The method may include determining, based on account type of a merchant account being onboarded for a merchant by a first user, that information for a user type associated with a second user associated with the merchant is to be collected to satisfy minimum merchant account compliance requirements. The method may also include allocating a person object in an accounts data store maintained by the commerce platform system, the person object associated in the accounts data store with the merchant account. Furthermore, the method can include generating a secure link and transmitting the secure link to the second user, the secure link resolving at the commerce platform system and comprising a unique identifier that is associated with the person object. In response to receiving selection of the secure link by the second user, the method includes generating a secure application programming interface (API) based graphical user interface to collect account information for the person object associated with the unique identifier.

In a method for changing a user's bank account information in merchant account databases a server receives a login request including a user identification and first user authentication information. The server further receives a request to change bank account information from a first bank account to a second bank account for merchant accounts of the user and network login information for the first bank account. The server accesses an account information database for the first bank account and downloads transaction information for merchant transactions involving the first bank account. The server identifies a set of merchant user accounts involved in the merchant transactions and receives account login information for a data site associated with a selected account. The server accesses the data site and changes a bank account identification stored therein from the first bank account to the second bank account.

There are provided systems and methods for an automated domain crawler and checkout simulator for proactive and real-time scam website detection. A service provider, such as an online transaction processor, may provide a domain crawler and checkout simulator that may be used to detect scam websites when registered and / or configured to utilize intermediary webpages of other domains to perpetrate fraud or scams on customers. The domain parser may detect new domain registrations and may parse through their corresponding websites to identify those that include checkout options or other processing flows that proceed through steps and use a service or feature of a service provider, including account usage for electronic transaction processing. The checkout simulator may then simulate a user's experience through the checkout to determine if domain redirections occur. If so, those redirections may be checked to identify usage of a merchant account having been flagged for scams.