Processing Marketplace Transactions

Abstract

A method and system for facilitating processing of marketplace transactions are discussed. The method includes accessing transaction information for transactions that originate at different vendors of the marketplace. The method includes accessing processing information of third-party financial service providers that process transactions. The method includes determining possible third-party financial service providers based on comparison of the transaction information and processing information. The method includes selecting, based on the comparing, a particular third-party financial service provider from the possible third-party financial service providers for processing the marketplace financial transaction.

What is claimed is: 
     
         1 . A computing system comprising:
 a non-transitory memory storing instructions;   one or more communication interfaces adapted to connect the computing system to a marketplace, to periodically receive information related to transactions, and to a plurality of third-party financial service providers for processing the transactions; and   a processor configured to execute the instructions to cause the computing device to perform operations comprising:   receive transaction processing information associated with respective ones of a plurality of respective transactions, including the transaction, from the marketplace, the plurality of transactions comprising a first and a second subset of transactions, each of the first and second subset of transactions originating with a different respective vendor of a plurality of vendors at the marketplace;   access provider processing information of each of the respective third-party financial service providers;   compare the processing information of each of the respective third-party financial service providers with the transaction processing information to determine a plurality of possible third-party financial service providers that are able to process the transaction using a funding source from a plurality of funding sources; and   select, based on the transaction processing information and the respective processing information, a particular third-party financial service provider from the plurality of possible third-party financial service providers for processing of the transaction.   
     
     
         2 . The computing system of  claim 1 , wherein executing the instructions further causes the system to submit, according to a protocol used by the particular third-party financial service provider, information related to a respective transaction and a respective funding source to the particular third-party financial service provider for processing of the transaction. 
     
     
         3 . The computing system of  claim 1 , wherein executing the instructions further causes the system to obtain the processing information comprising terms offered for processing of transactions from a plurality of remotely located computing devices associated with the plurality of third-party financial service providers. 
     
     
         4 . The computing system of  claim 1 , wherein the receiving the transaction processing information occurs in substantially real-time as related to when the transaction is originated at a respective vendor of the marketplace. 
     
     
         5 . The computing system of  claim 1 , wherein the determining the one or more third-party financial service providers from the plurality of third-party financial service providers is further based on a selection by a certain vendor of the marketplace where the transaction originated. 
     
     
         6 . The computing system of  claim 1 , wherein the determining the one or more third-party financial service providers from the plurality of third-party financial service providers is further based on a predetermined criteria. 
     
     
         7 . The system of  claim 1 , wherein the transaction processing information includes at least one of first terms for frontend financial processing and second terms for backend financial processing. 
     
     
         8 . The system of  claim 1 , wherein the information associated with transaction processing for a first one of the third-party financial service providers includes at least one of an interest rate, a transaction fee, a quality of service, a hold, a discount, at time for transfers, a time for processing, and a benefit. 
     
     
         9 . The system of  claim 1 , wherein the processing information includes one or more incentives to a consumer associated with the transaction. 
     
     
         10 . The system of  claim 1 , wherein executing the instructions further causes the system to solicit for one or more offers associated with transaction processing from the third-party financial service providers using the marketplace. 
     
     
         11 . The system of  claim 1 , wherein executing the instructions further causes the system to receive bids from the third-party financial service providers using the marketplace in response to receiving criteria for the transaction. 
     
     
         12 . A method for facilitating processing of marketplace transactions, the method comprising:
 accessing transaction processing information associated with respective ones of a plurality of respective transactions, including the transaction, the transaction processing information accessed from a marketplace, the plurality of transactions comprising a first and a second subset of transactions, each of the first and second subset of transactions originating with a different respective vendor of a plurality of vendors at the marketplace;   accessing provider processing information of each of third-party financial service providers that are configured to process at least some of the plurality of transactions;   determining a plurality of possible third-party financial service providers that are able to process the transaction using a funding source from a plurality of funding sources, the determining based on comparing the processing information of each of the respective third-party financial service providers with the transaction processing information; and   selecting, based on the transaction processing information and the respective processing information, a particular third-party financial service provider from the plurality of possible third-party financial service providers for processing of the transaction.   
     
     
         13 . The method of  claim 12 , further comprising submitting, according to a protocol used by the particular third-party financial service provider, information related to a respective transaction and a respective funding source to the particular third-party financial service provider for processing of the transaction. 
     
     
         14 . The method of  claim 12 , wherein obtaining the processing information comprises obtaining terms offered for processing of transactions from a plurality of remotely located computing devices associated with the plurality of third-party financial service providers. 
     
     
         15 . The method of  claim 12 , wherein the processing information includes one or more incentives to a consumer associated with the transaction. 
     
     
         16 . The method of  claim 12 , further comprising receiving bids from the third-party financial service providers using the marketplace in response to receiving criteria for the transaction. 
     
     
         17 . A non-transitory machine-readable medium having instructions stored thereon, the instructions executable to cause performance of operations comprising:
 accessing transaction processing information associated with respective ones of a plurality of respective transactions, including the transaction, the transaction processing information accessed via an online marketplace that comprises a plurality of vendors, the plurality of transactions comprising a first and a second subset of transactions, each of the first and second subset of transactions originating with a different respective vendor of the plurality of vendors at the marketplace;   accessing provider processing information of each of third-party financial service providers that are configured to process at least some of the plurality of transactions;   determining a plurality of possible third-party financial service providers that are able to process the transaction using a funding source from a plurality of funding sources, the determining based on comparing the processing information of each of the respective third-party financial service providers with the transaction processing information; and   selecting, based on the transaction processing information and the respective processing information, a particular third-party financial service provider from the plurality of possible third-party financial service providers for processing of the transaction.   
     
     
         18 . The non-transitory machine-readable medium of  claim 17 , wherein the operations further comprise submitting, according to a protocol used by the particular third-party financial service provider, information related to a respective transaction and a respective funding source to the particular third-party financial service provider for processing of the transaction. 
     
     
         19 . The non-transitory machine-readable medium of  claim 17 , wherein obtaining the processing information comprises obtaining terms offered for processing of transactions from a plurality of remotely located computing devices associated with the plurality of third-party financial service providers. 
     
     
         20 . The non-transitory machine-readable medium of  claim 17 , wherein the operations further comprise receiving bids from the third-party financial service providers using the marketplace in response to receiving criteria for the transaction.