Systems and methods for electronic scheduling of payment transaction submissions over electronic networks

1. A method for payment submission scheduling, comprising:

receiving, by a processor at an acquirer computing system, an electronic authorization request submitted by a merchant computing system for a transaction to be submitted within a specified time window, wherein the merchant computing system is associated with a merchant, wherein the electronic authorization request identifies account information for an account that is associated with a payment card network and an issuer processor;

performing, by the processor, a statistical analysis of at least one of a Bank Identification Number (BIN), a Merchant Classification Code (MCC), and a Reason Response Code (RRC) received with a denial message from a previous electronic authorization request in a database of processing results for historical electronic authorization requests of the issuer processor;

generating, by the processor, a submission schedule to submit the electronic authorization request within the specified time window based on the statistical analysis of the historical electronic authorization request processing results of the issuer processor, wherein the submission schedule identifies an optimal time slot within the specified time window within which the submitted electronic authorization request is to be transmitted to the issuer processor in order to increase a likelihood of a successful authorization of the transaction relative to a process that does not consider the likelihood of a successful authorization at a time the electronic authorization request is to be transmitted; and

transmitting, by the acquirer computing system, the electronic authorization request to the issuer processor, within the optimal time slot identified by the submission schedule.

2. The method of claim 1 , wherein the submission schedule identifies any of a day of the week for submission of the electronic authorization request, a day of the month for submission of the electronic authorization request, or a periodic schedule for submission of the electronic authorization request.

3. The method of claim 1 , wherein the submission schedule identifies a plurality of time slots, wherein the received electronic authorization request is to be submitted in at least one of the plurality of time slots.

4. The method of claim 1 , further comprising:

receiving an electronic authorization result from the issuer processor; and

updating the database of historical electronic authorization request processing results of the issuer processor using the received authorization result.

5. The method of claim 4 , further comprising:

retransmitting, by the acquirer computing system to an issuer processor, the electronic authorization request when the authorization result indicates a failure of the electronic authorization request.

6. A non-transitory computer readable medium storing a program causing a computer to execute a method of payment submission scheduling, the method comprising:

receiving, by a processor at an acquirer computing system, an electronic authorization request submitted by a merchant computing system for a transaction to be submitted within a specified time window, wherein the merchant computing system is associated with a merchant, wherein the electronic authorization request identifies account information for an account that is associated with a payment card network and an issuer processor;

performing, by the processor, a statistical analysis of at least one of a Bank Identification Number (BIN), a Merchant Classification Code (MCC), and a Reason Response Code (RRC) received with a denial message from a previous electronic authorization request in a database of processing results for historical electronic authorization requests of the issuer processor;

generating, by the processor, a submission schedule to submit the electronic authorization request within the specified time window based on the statistical analysis of the historical electronic authorization request processing results of the issuer processor, wherein the submission schedule identifies an optimal time slot within the specified time window within which the submitted electronic authorization request is to be transmitted to the issuer processor in order to increase a likelihood of a successful authorization of the transaction relative to a process that does not consider the likelihood of a successful authorization at a time the electronic authorization request is to be transmitted; and

transmitting, by the acquirer computing system to the issuer processor, the electronic authorization request, within the optimal time slot identified by the submission schedule.

7. The non-transitory computer readable medium of claim 6 , wherein the submission schedule identifies any of a day of the week for submission of the electronic authorization request, a day of the month for submission of the electronic authorization request, or a periodic schedule for submission of the electronic authorization request.

8. The non-transitory computer readable medium of claim 6 , wherein the submission schedule identifies a plurality of time slots, wherein the received electronic authorization request is to be submitted in at least one of the plurality of time slots.

9. The non-transitory computer readable medium of claim 6 , further comprising:

receiving an authorization result from the issuer processor; and

updating the database of historical electronic authorization request processing results of the issuer processor using the received authorization result.

10. The non-transitory computer readable medium of claim 9 , further comprising:

retransmitting, by the acquirer computing system to an issuer processor, the electronic authorization request if the authorization result indicates a failure of the authorization request.

11. A computing system for payment submission scheduling, the computing system comprising a non-transitory computer readable medium having instructions stored thereon which when executed by a processor cause the processor to:

receive, by a processor at an acquirer computing system, an electronic authorization request submitted by a merchant computing system for a transaction to be submitted within a specified time window, wherein the merchant computing system is associated with a merchant, wherein the electronic authorization request identifies account information for an account that is associated with a payment card network and an issuer processor;

perform, by the processor, a statistical analysis of at least one of a Bank Identification Number (BIN), a Merchant Classification Code (MCC), and a Reason Response Code (RRC) received with a denial message from a previous electronic authorization request in a database of processing results for historical electronic authorization requests of the issuer processor;

generate, by the processor, a submission schedule to submit the electronic authorization request within the specified time window based on the statistical analysis of the historical electronic authorization request processing results of the issuer processor, wherein the submission schedule identifies an optimal time slot within the specified time window within which the submitted electronic authorization request is to be transmitted to the issuer processor in order to increase a likelihood of a successful authorization of the transaction relative to a process that does not consider the likelihood of a successful authorization at a time the electronic authorization request is to be transmitted; and

transmit, by the acquirer computing system to the issuer processor, the electronic authorization request, within the optimal time slot identified by the submission schedule.

12. The system of claim 11 , wherein the submission schedule identifies any of a day of the week for submission of the electronic authorization request, a day of the month for submission of the electronic authorization request, or a periodic schedule for submission of the electronic authorization request.

13. The system of claim 11 , wherein the instructions executed by the processor further cause the processor to:

receive an electronic authorization result from the issuer processor; and

update the database of historical electronic authorization request processing results of the issuer processor using the received electronic authorization result.

14. The system of claim 13 , wherein the instructions executed by the processor further cause the processor to:

retransmit, to an issuer processor, the electronic authorization request when the electronic authorization result indicates a failure of the electronic authorization request.