Fidelity National Information Services has patented a method for dynamic routing of electronic transactions. The system receives a request message, determines a routing directive, retrieves contextual data, and selects a final destination payment processor. The method involves machine learning to improve routing efficiency. GlobalData’s report on Fidelity National Information Services gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
According to GlobalData’s company profile on Fidelity National Information Services, was a key innovation area identified from patents. Fidelity National Information Services's grant share as of May 2024 was 34%. Grant share is based on the ratio of number of grants to total number of patents.
Dynamic routing of electronic transactions based on contextual data
A recently granted patent (Publication Number: US12002015B1) outlines a computer-implemented method for dynamic routing of electronic transactions. The method involves receiving a request message from a point-of-sale (POS) system, transmitting it to a downstream entity, and receiving a response message with an initial destination processor identifier. If the initial processor is unsuccessful, a routing directive is determined, contextual data is retrieved, and a machine learning model selects a final destination processor. The method allows for updating the request message and routing it to the final destination processor, with temporal data stored in a database throughout the process.
Furthermore, the patent includes details on updating the message payload, contextual data parameters, user-configured routing directives, and error-based routing criteria. It also covers the selection of the final destination processor from a pool of candidates, training the machine learning model, and splitting the routing of messages based on anticipated volume. The patent extends to a non-transitory computer-readable medium and a system for dynamic routing of electronic transactions, emphasizing the importance of efficient and error-free processing in the realm of electronic transactions, particularly in the context of POS systems and payment gateways.
To know more about GlobalData’s detailed insights on Fidelity National Information Services, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
