POLICY-BASED PAYMENT TRANSACTION ROUTING SERVICE FOR CREDIT CARD PAYMENT PROCESSING

摘要

The present document describes a method, processing device and computer readable media, for routing a credit card payment transaction over a communication network. The method comprises receiving an authorization request for the credit card payment transaction at a payment processor, the authorization request being generated at a merchant terminal of a merchant. The method also comprises: at the payment processor, determining an optimal transaction route for sending the authorization request over the communication network to one of multiple acquirer servers, each one of the multiple acquirer servers being associated to one of multiple acquiring financial institutions of the merchant, the determining being based on payment processing costs associated to routing the authorization request from the merchant terminal to each one of the multiple acquirer servers; the payment processor routing the authorization request to the one of the multiple acquirer servers implementing the optimal transaction route; the payment processor receiving, from the one of the multiple acquirer servers, an authorization response for the authorization request; the payment processor forwarding the authorization response to the merchant terminal; and the merchant terminal displaying the authorization response forwarded by the payment processor, to thereby notify a user of the authorization response.