US 12,169,819 B2
Method and system for routing payment transactions of a payment account
Venkatesan Harish, Singapore (SG); and Dinesh Vadivel, Singapore (SG)
Assigned to Visa International Service Association, San Francisco, CA (US)
Filed by Visa International Service Association, San Francisco, CA (US)
Filed on Nov. 2, 2023, as Appl. No. 18/500,412.
Application 18/500,412 is a continuation of application No. 16/986,728, filed on Aug. 6, 2020, granted, now 11,842,330.
Prior Publication US 2024/0062181 A1, Feb. 22, 2024
Int. Cl. G06Q 20/20 (2012.01); G06Q 20/02 (2012.01); G06Q 20/08 (2012.01)
CPC G06Q 20/204 (2013.01) [G06Q 20/027 (2013.01); G06Q 20/0855 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A computer-implemented method comprising:
registering, by a payment server, a payment account which is multi-configurable with the payment server for a third-party credit provider configuration;
receiving, by the payment server, a payment request associated with the payment account from a payment gateway when details of the payment account are provided at a first merchant application;
providing, by the payment server, a list of names of configuration details corresponding to the payment account to a user associated with the payment account along with a pay-later option associated with the first merchant application;
retrieving, by the payment server, configuration details corresponding to a selected pay-later option from a routing service of the payment server;
identifying, by the payment server, the first merchant application as a credit provider for a payment transaction; and
sending, by the payment server, a request to the first merchant application to complete a payment transaction for the payment request using a credit amount provided by the first merchant application when the first merchant application is identified as a third-party credit provider for the payment request:
to create a transaction ledger for every payment transaction of the user with the first merchant application; and
to deduct the credit amount from an issuer associated with the payment account.