US 11,816,644 B2
Systems and methods for real time data rich cross border payment transactions
Ainsley Johnston, Toronto (CA); Daniel Carbone, Toronto (CA); Ramesh Jayakrishnan, Milton (CA); Suvetha Sivakumar, Brampton (CA); and Rohan Mazumdar, Washington, DC (US)
Assigned to MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US)
Filed by MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US)
Filed on Nov. 23, 2022, as Appl. No. 18/058,606.
Application 18/058,606 is a continuation of application No. 16/717,855, filed on Dec. 17, 2019, granted, now 11,514,412.
Prior Publication US 2023/0082261 A1, Mar. 16, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 20/08 (2012.01); G06Q 20/02 (2012.01)
CPC G06Q 20/085 (2013.01) [G06Q 20/023 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A computing device for transmitting cross border data rich payments in real-time from a payor associated with a first payment processing network of a plurality of payment processing networks to a payee associated with a second payment processing network of the plurality of payment processing networks, the computing device in communication with both the first payment processing network and the second payment processing network, the computing device comprising a processor communicatively coupled to a memory and a database, the processor configured to:
receive a payment request message to transfer funds in real-time from a payor account associated with the payor to a payee account associated with the payee, the payment request message including payment instructions, the payment instructions including a payor identifier, a payee identifier, and a transfer amount, wherein the payee identifier is a proxy associated with the payee;
compare the received proxy to a plurality of proxies stored in the database;
identify, based on the comparison, financial account information associated with the received proxy;
identify the first payment processing network and the second payment processing network;
determine, based upon the identification of the financial account information, that the received payment request message is a cross border payment transfer from the identified first payment processing network for processing real-time payments within a first country to the identified second payment processing network for processing real-time payments within a second country, wherein the identified first payment processing network and the identified second payment processing network utilize different sets of message formatting standards and protocols;
retrieve, from the database, at least one translation rule to apply to the received payment request message based on a set of message formatting standards and protocols associated with the identified second payment processing network;
reformat, by applying the at least one translation rule, the received payment request message to comply with the set of message formatting standards and protocols associated with the identified second payment processing network; and
transmit, in real-time with respect to the receipt of the payment request message, the reformatted payment request message to a receiving bank associated with the payee to cause the receiving bank to automatically disburse the funds equal to the transfer amount into the payee account.