Systems and methods for processing payment transactions

Abstract

Embodiments of the disclosure can include systems and methods for processing transactions. In one embodiment, a computer-implemented method for processing proposed transactions can be provided. The method can include storing, by a service provider system comprising one or more computers, one or more issuer rules associated with the applicability of one or more payment accounts to proposed transaction; receiving, by the service provider system from a merchant computer, information associated with a proposed transaction, the information comprising one of an identification of a payment account or an identification of a consumer payment device; evaluating, by the service provider system utilizing the one or more issuer rules, the proposed transaction; and determining, by the service provider system based at least in part upon the evaluation, at least one of (i) a payment account to utilize in association with the proposed transaction or (ii) whether the proposed transaction will be approved or denied.

The claimed disclosure is: 
     
         1 . A system comprising:
 at least one memory configured to store computer-executable instructions; and   at least one processor configured to access the at least one memory and execute the computer-executable instructions to:
 receive information associated with a proposed transaction; 
 identify a closed loop payment account associated with the proposed transaction based at least in part on the information associated with the proposed transaction; 
 determine the proposed transaction is a decoupled transaction based at least in part on the information associated with the proposed transaction; 
 determine whether one or more issuer rules associated with the closed loop payment account have been satisfied; 
 if the one or more issuer rules associated with the closed loop payment account have been satisfied, transmitting an approval of the proposed transaction; and 
 if the one or more issuer rules associated with the closed loop payment account have not been satisfied, transmitting a rejection of the proposed transaction. 
   
     
     
         2 . The system of  claim 1 , wherein the at least one processor is further configured to execute the computer-executable instructions to:
 receive the one or more issuer rules in a batch file communication or an interprocess communication; and   store the received one or more issuer rules.   
     
     
         3 . The system of  claim 1 , wherein the one or more issuer rules associated with the one or more closed loop payment accounts comprise at least one of geographical parameters, temporal parameters, transaction amount parameters, monetary amount parameters or identification of one or more merchants. 
     
     
         4 . The system of  claim 1 , wherein the one or more issuer rules associated with the one or more closed loop payment accounts comprise one or more incentives or special offers. 
     
     
         5 . The system of  claim 1 , wherein the at least one processor is further configured to execute the computer-executable instructions to:
 identify a consumer based at least in part on the information associated with the proposed transaction;   store the identification of the payment account or the identification of the consumer payment device associated with the consumer.   
     
     
         6 . The system of  claim 1 , wherein if the one or more issuer rules associated with the closed loop payment account have not been satisfied, the at least one processor is further configured to execute the computer-executable instructions to:
 identify a consumer associated with the closed loop payment account;   retrieve information for a second payment account associated with the consumer; and   facilitate the proposed transaction based at least in part on the information for the second payment account.