System and Method of Determining the Quality of Enhanced Transaction Data

Abstract

A system is provided for determining the quality of merchant supplied enhanced data related to financial transactions performed by holders of financial presentation devices such as credit cards. The system includes a memory storing a plurality of enhanced transaction data (ETD) records and quality check criteria for determining the quality of enhanced data contained in the ETD records. A quality determination module determines a quality of the stored ETD records based on the stored quality check criteria.

1 . (canceled) 
     
     
         2 - 29 . (canceled) 
     
     
         30 . A method, comprising:
 receiving, via a processor, enhanced transaction data comprised of a plurality of fields;   retrieving quality check criteria for the plurality of fields associated with the enhanced transaction data;   comparing, for each of the plurality of fields, the received enhanced transaction data with the quality check criteria; and   determining a quality rating of the enhanced transaction data based on said comparing of the enhanced transaction data with the quality check criteria.   
     
     
         31 . The method of  claim 30  wherein the quality check criteria contains a condition for which each field passes or fails. 
     
     
         32 . The method of  claim 31 , wherein the quality rating of the enhanced transaction data is a percentage determined by the number of fields that pass compared to the total number of fields. 
     
     
         33 . The method of  claim 30  wherein the quality rating is one of low quality, medium quality and high quality. 
     
     
         34 . The method of  claim 30  wherein a plurality of quality ratings are determined for a source, and each source receives a source quality score. 
     
     
         35 . The method of  claim 34  wherein the source is at least one of: a merchant, an industry and a record type. 
     
     
         36 . An apparatus, comprising:
 a memory;   a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to:
 receive, via a processor, enhanced transaction data comprised of a plurality of fields; 
 retrieve quality check criteria for the plurality of fields associated with the enhanced transaction data; 
 compare, for each of the plurality of fields, the received enhanced transaction data with the quality check criteria; and 
 determine a quality rating of the enhanced transaction data based on said comparing of the enhanced transaction data with the quality check criteria. 
   
     
     
         37 . A processor-readable medium storing processor-issuable instructions to:
 receive, via a processor, enhanced transaction data comprised of a plurality of fields;   retrieve quality check criteria for the plurality of fields associated with the enhanced transaction data;   compare, for each of the plurality of fields, the received enhanced transaction data with the quality check criteria; and   determine a quality rating of the enhanced transaction data based on said comparing of the enhanced transaction data with the quality check criteria.   
     
     
         38 . A method, comprising:
 receiving, at a payment network, transaction data comprised of a plurality of fields;   storing, via a processor, an enhanced data record at a payment network, wherein the enhanced data record includes fields for product level information;   associating the enhanced data record with a financial transaction; and   storing the enhanced data record with the transaction data.   
     
     
         39 . The method of  claim 38 , wherein the stored enhanced data and transaction data are saved on the payment network. 
     
     
         40 . The method of  claim 38  wherein the enhanced data comprises product level information. 
     
     
         41 . The method of  claim 40  wherein the product level information comprises at least one of: a quantity of items purchased, a unit cost of items purchased, an airline ticket number, a customer code, and a merchant category code. 
     
     
         42 . The method of  claim 38  wherein storing the enhanced data with the transaction data creates a payment network record. 
     
     
         43 . The method of  claim 42  wherein the payment network record is a TC 05 -TCR 3 . 
     
     
         44 . The method of  claim 42  wherein the payment network record comprises more than twenty fields. 
     
     
         45 . The method of  claim 38  wherein the enhanced data comprises an itinerary. 
     
     
         46 . The method of  claim 38  wherein the enhanced data comprises ticket related information. 
     
     
         47 . The method of  claim 46  wherein the ticket related information comprises at least one of: a carrier code, an airline ticket number, a passenger name, a departure date, and an airport code. 
     
     
         48 . The method of  claim 38  wherein the enhanced data comprises an indication that a purchase was made on the internet. 
     
     
         49 . The method of  claim 38  wherein the enhanced data comprises varying quantities of data. 
     
     
         61 . The method of  claim 38 , wherein the method further comprises:
 obtaining a request for product level information related to the financial transaction from a requestor;   retrieving product level information related to the financial transaction; and   providing the retrieved product level information to the requestor.   
     
     
         50 . A processor-readable medium storing processor-issuable instructions to:
 receive, at a payment network, transaction data comprised of a plurality of fields;   store, via a processor, an enhanced data record at a payment network, wherein the enhanced data record includes fields for product level information;   associate the enhanced data record with a financial transaction; and   store the enhanced data record with the transaction data.   
     
     
         51 . An apparatus, comprising:
 a memory;   a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to:
 receive, at a payment network, transaction data comprised of a plurality of fields; 
 store, via a processor, an enhanced data record at a payment network, wherein the enhanced data record includes fields for product level information; 
 associate the enhanced data record with a financial transaction; and 
 store the enhanced data record with the transaction data.