SUBSCRIPTION AND MEMBERSHIP BASED CREDIT CARD PROCESSING SYSTEM

摘要

A method for implementing a flat fee structure for credit card processing, which simplifies the fees charged to a merchant from an ISO. The flat rate processing fee may cover processing for a particular merchant for a specified period of time.

主权项

1. A method of processing credit card transactions of a merchant, the method comprising the steps of:
receiving a flat-fee payment from an authorized merchant, the flat fee being associated with unlimited processing services during a prescribed time period; associating a point of sale terminal identifier with the authorized merchant; entering the point of sale terminal identifier associated with the authorized merchant into a central processing server; and authorizing the central processing server to conduct processing services in response to processing requests received from the point of sale terminal associated with the authorized merchant.