Inventors:
Ana Paula Martinez Prada Peyser - Key Biscayne FL, US
Bruce William Mac Nair - Stamford CT, US
Cristobel Kay von Walstrom - Greenwich CT, US
Gary Randall Horn - O'Fallon MO, US
Jason Alexander Korosec - Morgan Hill CA, US
Kimberly Ann Martin - Maryville IL, US
Peter Julian Ramon Antonio R. Flor - O'Fallon MO, US
Raegen Ann-Marie Lang - Fairview Heights IL, US
Richard Thomas Flynn - Definace MO, US
Todd C. Lowenberg - Redding CT, US
Thomas Joseph Sellner - Dardenne Prairie MO, US
Assignee:
MASTERCARD INTERNATIONAL, INC. - Purchase NY
International Classification:
G06Q 20/10
Abstract:
A network operator intermediates a cashless transaction by sending a payment device issuer an outbound clearing data file enriched with cleansed merchant data. Issuers that choose to participate in the merchant data cleansing service will be provided with the cleansed, and optionally augmented, merchant information. Providing this data to the issuer could be used to help reduce costs associated with “do not recognize” calls by cardholders, disputed charges, and charge-backs. With cleansed data provided in the clearing record, a device holder would be given access to this cleansed information about the merchant where a transaction took place through their statement. The present disclosure also provides for augmenting the clearing record data to include merchant-specific add-on and/or aggregate data not presently included in the transaction clearing record, yet useful to the issuer both in form and content.