Visa Inc.

About: Visa Inc. is a company organization based out in London, United Kingdom. It is known for research contribution in the topics: Database transaction & Transaction data. The organization has 1031 authors who have published 1076 publications receiving 36053 citations. The organization is also known as: Visa & Visa Inc.

Adaptive communication system within a transaction card network

Abstract: The present invention is a point-of-presence device installed in a merchant establishment as an interface between a retail information system and a transaction card authorization network. By using a simple message data format between the retail information system and the device, the device insulates the retail information system from changes to local communication access methods and changes to point-of-sale compliance requirements initiated by the card processor. The device first establishes a dial-up telephone connection to the authorization network and then interleaves both financial data messages and non-financial messages over the same telephone line to the authorization network. The device provides authorization response times that substantially equal response times provided by leased line connections to the authorization network. In addition, the present invention provides improved diagnostic and draft capture capability for the retail information system.

Method and system for performing two factor mutual authentication

Abstract: A method and system for performing a secure transaction are disclosed. A service provider system may receive an account identifier and a one-time passcode from a user system via a communication network. The service provider system may determine whether the one-time passcode is valid. If the one-time passcode is valid, the service provider system may transmit a personal assurance message to the user system via the communication network. If the personal assurance message is verified, the service provider may receive a password from the user system via the communication network and determine whether the password is valid. If the password is valid, the user system and the service provider system may then perform a secure transaction.

Managed real-time transaction fraud analysis and decisioning

Abstract: A system, apparatus, and method for providing real-time or pseudo real-time processing of transactions for a set of clients using a common or partially common rule base. Each client is assigned to a tier or category with the tier or category defined by specified performance criteria. In some embodiments, the specified performance criteria includes a false positive ratio (FPR). A rule for processing transactions is defined as a combination of an interval of a scoring range of a first risk assessment scoring system and an interval of a scoring range of a second risk assessment scoring system. A proposed rule is tested by determining if its performance falls within a defined range of the performance criteria when applied to data for previous transactions. If application of the rule satisfies the performance criteria, then the rule is accepted as part of the rule base for that tier or category of clients.

Multiple Account Dynamic Card Apparatuses, Methods and Systems

Abstract: The MULTIPLE ACCOUNT DYNAMIC CARD APPARATUSES, METHODS AND SYSTEMS (“MADC”) may be a flexible payment device where a first flexible layer has two sides—a back side, which includes a data varying loader element and an inner side opposite back side. The inner side may have a power source, circuit, processor, memory, and a graphics processor. An indication is obtained to display the one card account and accompanying graphics and card information and loaded onto the loader element. A display controller is also connected to the processor and controls the display. The transaction card second flexible layer has two sides, one of which is a touch e-ink display and an inner touch e-ink side.

Recurring transaction processing

Abstract: Techniques for processing of recurring payments are provided that do not require merchants to update consumer account information when a consumer is issued a new account number for a payment card or the like. For example, when a consumer is issued a new account number by an issuer, the new account number can be provided to a payment processing network. A server computer in the payment processing network then identifies any recurring payments associated with the user's old account number and provides the consumer with a list of merchants for which the consumer had established recurring payments associated with the old account number. The consumer is then provided the opportunity to select those merchants for whom the consumer wishes to continue the recurring payments using the new account number. The payment processing network then creates a mapping between the old account number and the new account number for the merchants designated by the consumer and continues to process recurring payment authorization requests received from the designated merchants using the old account information. As a result, the merchants do not need to make any updates to the consumer account information maintained by the merchants, and the consumer is provided with the ability to easily select which merchants can continue processing recurring payments using the old account number.