Private label purchase card acceptance systems and methods

1. A method of processing a purchase card transaction, comprising:

receiving a transaction request at a processing system from a point-of-sale device of a first merchant, wherein

the processing system is comprised of at least one computer system, at least one storage system, and at least one switch;

the transaction request comprises transaction details linked to a purchase from the first merchant using a private label purchase card, the private label purchase card is:

issued by or on behalf of a second merchant and an issuer, and

is not issued by or on behalf of the first merchant,

wherein at the time of purchase, the first merchant does not have an agreement with the second merchant for use of the private label purchase card;

the first merchant and the second merchant are different merchants; and

the transaction details comprise at least an identifier relating to the first merchant, an amount, and an account identifier relating to the private label purchase card issued by the second merchant and the issuer, but not the first merchant;

evaluating, by the processing system, at least a portion of the account identifier;

recognizing, by the processing system, that the account identifier relates to the issuer and does not relate to the first merchant;

routing the transaction request to a cross-shopping platform of the processing system;

standardizing, by the processing system, a format of the transaction request;

using, by the processing system, the transaction request to identify rules relating to the first merchant and the issuer; and

processing, by the processing system, the transaction request according to the rules;

routing, by the processing system, at least a portion of the transaction request to the issuer, wherein routing at least the portion of the transaction request to the issuer comprises sending the transaction request to a processing platform of the issuer, thereby avoiding an interchange network; and

facilitating, by the processing system, a payment from the issuer to the first merchant according to terms mutually agreed upon by the issuer and first merchant.

2. The method of claim 1 , wherein facilitating a payment from the issuer to the first merchant comprises facilitating an electronic payment via an electronic payment processing network.

3. The method of claim 2 , wherein the electronic payment processing network comprises the Automated Clearing House Network.

4. The method of claim 1 , wherein the payment is less than the amount.

5. The method of claim 1 , wherein evaluating the at least a portion of the account number comprises determining whether a prefix of the account number falls within a range of cross-shopping account number prefixes.

6. The method of claim 1 , wherein receiving a transaction request at the processing system comprises receiving the transaction request at a routing switch, the method further comprising:

prior to the transaction, receiving a request from the issuer to enroll the first merchant as a cross-shopping merchant; and

configuring the switch to recognize a transaction request involving the first merchant and the issuer as a cross-shopping transaction and to process the transaction accordingly.

7. The method of claim 6 , configuring the switch to recognize a transaction request involving the first merchant and the issuer as a cross- shopping transaction and to process the transaction accordingly comprises populating a data storage arrangement with one or more account number prefixes relating to private label purchase cards issued by the issuer, which, by virtue of an agreement between the issuer and the first merchant, the first merchant can accept for transactions.

8. The method of claim 1 , further comprising:

classifying the transaction request as a cross-shopping transaction;

maintaining a record of both cross-shopping transactions and non-cross-shopping transactions with respect to two different account limits, a cross-shopping account limit and a non-cross-shopping account limit; and

for a subsequent cross-shopping transaction, rejecting the transaction request as being over the cross-shopping account limit.

9. The method of claim 8 , wherein the cross-shopping account limit is less than the non-cross-shopping account limit.

10. A processing system for processing cross-shopping purchase card transactions, wherein a cross-shopping purchase card transaction is a transaction in which an accepting merchant accepts a private label purchase card related exclusively to other merchants, the processing system comprising:

a storage system configured to store settlement rules for processing cross-shopping transactions between specific issuers and accepting merchants, wherein an accepting merchant is a merchant who accepts a private label purchase card related exclusively to other merchants;

a cross-shopping transaction platform, programmed to process cross-shopping transactions according to the settlement rules, wherein the cross-shoppinq platform is comprised of at least one computer system;

a switch configured to direct incoming cross-shopping transactions to the cross-shopping transaction platform;

wherein the processing system is configured to:

standardize a format of a transaction request to an issuer, wherein:

the transaction request comprises transaction details relating to a purchase from the accepting merchant using a private label purchase card issued by or on behalf of other merchants and the issuer, and

the private label purchase card is not issued by or on behalf of the accepting merchant wherein at the time of purchase, the accepting merchant does not have an agreement with the other merchants for use of the private label purchase card;

route the transaction request to a cross-shopping platform of the processing system;

use the transaction request to identify settlement rules relating to the accepting merchant and the issuer;

process the transaction request according to the settlement rules;

send the transaction request to a processing platform of the issuer, thereby avoiding an interchange network; and

facilitate a payment from the issuer to an accepting merchant while bypassing an interchange network.

11. The system of claim 10 , wherein facilitating a payment from an issuer to an accepting merchant while bypassing an interchange network comprises facilitating an electronic payment via the Automated Clearing House network.

12. The system of claim 10 , wherein the settlement rules include rules that define a cross-shopping account limit that establishes a maximum account balance for cross-shopping transactions.

13. The system of claim 12 , wherein the maximum account balance for cross-shopping transactions is less than a maximum account balance for all purchases.

14. The system of claim 10 , wherein the settlement rules include rules that establish a discount for the payment from the issuer to the accepting merchant for cross-shopping transactions.

15. A computer-based cross-shopping purchase card processing platform, comprising:

means for receiving a transaction request formatted as a cross-shopping transaction in which an accepting merchant accepts a private label purchase card related exclusively to a different merchant, wherein:

the transaction request comprises transaction details relating to a purchase from the accepting merchant using a private label purchase card by or on behalf of the different merchant and an issuer,

but not by or on behalf of to the accepting merchant, and

at the time of purchase, the accepting merchant does not have an agreement with the different merchant for use of the private label purchase card;

means for embodying an agreement between the accepting merchant and the issuer of the private label card;

means for processing the transaction request according to the agreement;

means for standardizing a format of the transaction request;

means for routing the transaction request to a cross-shopping platform;

means for using the transaction request to identify rules relating to the accepting merchant and the issuer;

means for processing the transaction request according to the rules; and

means for sending the transaction request to a processing platform of the issuer, thereby avoiding an interchange network;

means for facilitating a payment from the issuer to the accepting merchant while bypassing an interchange network.

16. The cross-shopping purchase card processing platform of claim 15 , wherein the means for facilitating a payment from the issuer to the accepting merchant while bypassing an interchange network comprises means for facilitating an electronic payment via the Automated Clearing House network.

17. The cross-shopping purchase card processing platform of claim 15 , wherein the means for processing the transaction request according to the agreement comprises means for determining a discount for the payment from the issuer to the accepting merchant for cross-shopping transactions.

18. The cross-shopping purchase card processing platform of claim 15 , wherein the means for processing the transaction request according to the agreement comprises means for rejecting transactions that place an account balance for cross-shopping transactions above a threshold account balance for cross-shopping transactions.