SYSTEMS AND METHODS FOR MANAGEMENT AND RECYCLING OF PAYMENT TRANSACTIONS

摘要

Systems and methods disclosed herein for managing recurring payment transactions. The recurring payment transaction can be based on account information stored by the merchant. When an initial payment transaction is not successful, a resubmission schedule is determined. The resubmission schedule identifies particular time slots within which subsequent payment transactions are to be submitted. The time slots are selected to increase the likelihood of a successful payment transaction.

主权项

1. A method, comprising:
receiving, at an acquirer computing system, a first authorization request submitted by a merchant computing system for a recurring transaction, wherein the merchant computing system is associated with a merchant, wherein the first authorization request identifies account information for an account that is associated with a payment card network and an issuer processor; transmitting, by the acquirer computing system to an issuer processor, the first authorization request; receiving, at the acquirer computing system, a denial message from the issuer processor in response to the transmitted first authorization request; generating a resubmission schedule to resubmit the authorization request based on historical authorization success rates, wherein the resubmission schedule identifies a time slot within which the resubmitted authorization request is to be transmitted to the issuer processor; and transmitting the resubmitted authorization request, by the acquirer computing system to the issuer processor, within the time slot identified by the resubmission schedule.