Methods and systems for routing payment transactions

摘要

Methods and systems for routing payment transactions electronically involve interrogating by computer logic each payment transaction received by a payments interface processor to identify a payment destination and a payment source and to determine, according to pre-defined parameters, whether the payment transaction is eligible for processing via an internal payment transaction processor of the financial institution that minimizes processing costs. Eligible payment transactions may be routed, for example, to an internal debit or credit card processor or ACH processor, and ineligible payment transactions may be routed to external card processing networks.

主权项

1. A method for routing payment transactions electronically, comprising:
receiving, by a payments interface processor, payment transactions consisting at least in part of credit or debit card payment transactions and at least in part of automated clearing house payment transactions; interrogating, by the payments interface processor, each payment transaction to identify credit or debit card payment transactions and automated clearing house payment transactions having both a payment source account and a payment destination account with the financial institution; and routing, by the payments interface processor, said credit or debit card payment transactions having both a payment source account and a payment destination account with the financial institution to an internal credit or debit card payment transaction processor of the financial institution and said identified automated clearing house payment transactions having both a payment source account and a payment destination account with the financial institution to an internal automated clearing house payment transaction processor of the financial institution.