METHODS AND SYSTEMS FOR LEAST-COST ROUTING OF TRANSACTIONS FOR MERCHANTS

摘要

A computer-implemented method, executed by a hardware provider payment gateway system to select a least-cost payment acquirer for an electronic payment to a merchant, includes loading transaction and payment details of a payment instrument. An acquirer list of one or more payment acquirers associated with the merchant and available to the provider payment gateway system is retrieved. A least-cost acquirer among the one or more payment acquirers is determined, by the provider payment gateway system, utilizing a set of predetermined parameters.