Recovery of declined transactions

摘要

Systems and methods for facilitating a purchase are described. When a payment processor declines a transaction, an error code is sent to a merchant. The error code indicates to the merchant that the failed transaction is recoverable if the user chooses a new funding source or payment instrument. The merchant sends the user back to a payment service provider site where the user can either choose a new funding source or enter a new payment method.

主权项

1. A transaction recovery system comprising:
a non-transitory memory storing payment information of a user; and one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising:
issuing an electronic token to the user, wherein the electronic token contains user login and password information for the user;storing the electronic token on a user device associated with the user;receiving, from the user on a webpage of a payment service provider site, a selection of a first payment instrument;receiving, from a merchant, a request to process payment with the first payment instrument for a purchase the user made on a merchant site;receiving, from an entity that issued the first payment instrument, a rejection of the first payment instrument;transmitting, to the merchant, a request to redirect the user to the payment service provider site;automatically logging in the user to the payment service provider site using the electronic token to bypass a login page of the payment service provider site;redirecting the user back to the webpage where the user selected the first payment instrument;receiving, from the user on the webpage of the payment service provider site, a selection of a second payment instrument; andreceiving, from the merchant, a request to process payment with the second payment instrument for the purchase.