MERCHANT CATEGORY CODE ("MCC") BASED ACCEPTANCE COST RECOVERY

摘要

Methods and apparatus for recovering a transaction cost in connection with a transaction between a customer and a merchant are provided. The transaction cost may be recovered from a transaction that originates at a merchant location associated with a merchant category code. The transaction cost may be recovered from a low-value purchase. A recovery amount associated with the low-value purchase may include a fixed amount. The recovery amount associated with the low-value purchase may include a percentage of the acceptance cost. The recovery amount may be shared among two or more transaction participant. The recovery amount may be dynamically adjusted. Methods and apparatus may include providing adequate notice of changes in the recovery amount. The transaction cost may be recovered utilizing central control over network of merchant locations.

主权项

1. A point of sale system for presenting a surcharge to a customer, the surcharge being associated with a purchase of a product, the point of sale system comprising:
a point of sale terminal configured to:
extract data encoded in a Quick Response (“QR”) code displayed on a mobile device, the data including an identity of a payment instrument stored on the mobile device; andtransmit the received data to a point of sale controller; the point of sale controller being configured to determine the surcharge based on:
the QR code;a transaction cost imposed on a merchant when the customer uses the payment instrument as payment for the product at the point of sale terminal;a merchant category code (“MCC”) associated with a location of the point of sale terminal in a store of the merchant; and a display configured to display to the customer:
the surcharge, wherein the surcharge is less than or equal to the transaction cost; andsurcharge attributes associated with the payment instrument, the surcharge attributes including the identity of the payment instrument and the MCC; the point of sale terminal being further configured to accept the payment instrument as payment for the product at the point of sale terminal; and the point of sale controller being further configured to transmit an authorization request to charge an account of the customer associated with the payment instrument, the charge corresponding to an amount that is not less than a sum of the surcharge and a price of the product.