18101373. NETWORK REGISTRY FOR PAYMENT NETWORKS simplified abstract (American Express Travel Related Services Company, Inc.)

NETWORK REGISTRY FOR PAYMENT NETWORKS

Organization Name

American Express Travel Related Services Company, Inc.

Inventor(s)

Michael S. Zoratti of Markman (CA)

Tristan M. Fuentes of Mesa AZ (US)

Nicolas R.J. Blackwell of Worthing (GB)

NETWORK REGISTRY FOR PAYMENT NETWORKS - A simplified explanation of the abstract

This abstract first appeared for US patent application 18101373 titled 'NETWORK REGISTRY FOR PAYMENT NETWORKS

The abstract describes various approaches for integrating payment networks into a supernetwork for facilitating payments between different networks. A participant registry stores registration information of payment networks, including network identifiers, protocol data, routing logic, and interface configurations.

• Integration of payment networks into a supernetwork for seamless payment transactions
• Participant registry to manage registration information of payment networks
• Registration information includes network identifiers, protocol data, routing logic, and interface configurations
• Facilitates communication and transactions between different payment networks
• Enhances interoperability and efficiency in payment processing

Potential Applications: - Cross-border payments - E-commerce transactions - Peer-to-peer payments - Mobile payment solutions

Problems Solved: - Lack of interoperability between different payment networks - Complex translation and communication issues - Inefficiencies in cross-network payment processing

Benefits: - Streamlined payment transactions - Improved cross-network communication - Enhanced efficiency and cost-effectiveness in payment processing

Commercial Applications: Title: "Enhanced Payment Network Integration for Seamless Transactions" This technology can be utilized by financial institutions, payment processors, e-commerce platforms, and mobile payment providers to improve cross-network payment capabilities and streamline transaction processes.

Questions about Payment Network Integration: 1. How does the participant registry store and manage registration information of payment networks? The participant registry stores network identifiers, protocol data, routing logic, and interface configurations of registered payment networks to facilitate communication and transactions.

2. What are the key benefits of integrating payment networks into a supernetwork? Integrating payment networks into a supernetwork enhances interoperability, efficiency, and communication between different networks, leading to streamlined payment transactions and improved cross-network capabilities.

Original Abstract Submitted

Disclosed are various approaches for onboarding payment networks to participate in a supernetwork that facilitates payments between different payment networks. In particular, a participant registry that stores the registration information of registered payment networks can be managed. The registration information can include a network identifier, protocol data, routing logic, interface configuration data, and additional information that may need to be required to translate and facilitate communication and payment transactions between different registered payment networks.