The present invention provides a method for tracking and managing power supplying devices and a blockchain-based system to perform such tracking and monitoring. The method comprises the steps of retrieving recorded characteristic data that is associated with an existing product identification from a blockchain, verifying such recorded characteristic data, generating a new product identification that is connected to the existing product identification and recording the new product identification and new characteristic data in the blockchain. The system comprises a blockchain and a middleware computer to perform the above-mentioned steps. Also provided herein is a blockchain-based system for monitoring and renting a power supplying device.

A system for generating a contention scheme includes a computing device, the computing device configured to obtain a solvency signature as a function of a solvency entity, determine a solvency grouping as a function of the solvency signature, identify a null element as a function of the solvency grouping, wherein identifying the null element further comprises receiving a regulation element as a function of a regulation database, and identifying the null element as a function of the regulation element and the solvency grouping, produce a weighted vector as a function of the null element, and generate a contention scheme as a function of the weighted vector.

A virtual payment system for paying for goods, services and content ordered over an internetwork is disclosed. The virtual payment system includes a commerce gateway. Buyers and sellers becomes registered participants by applying for virtual payment buyer and seller accounts. Once an account is established with the commerce gateway, a digital certificate is stored on the registered participant's computer. A buyer can then order a product, i.e., goods, services or content from a seller and charge it to the virtual payment account. When the product is shipped, the seller notifies the commerce gateway, which applies the charges to the buyer's virtual payment account. The buyer can settle the charges using a prepaid account, a credit account, or by using reward points earned through use of the virtual payment account. A buyer may create sub-accounts.

A system for storing data related to a transaction and for facilitating the transaction, the system comprising: an application server coupled with a database and configured to store information associated with a plurality of transactions, the information including account information related to a user account maintained by a first financial institution, a recipient identifier, and account information related to a recipient account maintained with a second financial institution, the application server further configured to: receive transaction data associated with a payment of the transaction, the transaction data comprising an identifier and user account information; identify the recipient account information based on a comparison of the received identifier against the stored recipient identifier; generate transfer instructions data based on the transaction data and recipient account information; and forward the transfer instructions data to the first financial institution based on the user account information to cause a deposit into the recipient account.

A financial transaction processing system for automatically routing a financial transaction to a payment device and methods for making and utilizing the same. The financial transaction processing system can include receiving information about a financial transaction initiated by a consumer or other user who is associated with two or more physical and/or digital payment devices. The financial transaction information can be routed to a selected payment device of the user based upon one or more payment device features of the payment devices, information about the financial transaction, information about the user initiating the financial transaction and/or information about at least one vendor for fulfilling the financial transaction. The financial transaction processing system advantageously can enable the user to use a single aggregating payment method for financial transactions and create underlying financial transaction authorizations corresponding to financial transaction authorizations on the top-level aggregating payment method.

Described herein are systems, methods, and apparatuses for performing a user-less payment for an item upon its delivery by an unmanned delivery vehicle. The unmanned delivery vehicle may navigate to a delivery location, receive payment information, initiate a payment transaction with a remote server, and release the item at a specified location upon successful completion of the payment transaction. Upon arrival of the unmanned delivery vehicle, a wireless data transmission device may send payment information to a remote server, and the remote server may provide the unmanned delivery vehicle with an indication of whether the item can be released and a specific location at which the item can be released.

A network management system includes: a memory configured to store instructions; and a parallel processor configured to execute the instructions to: (a) receive a request for a transaction; (b) determine a first authorization decision for the request; (c) determine a second authorization decision for the request; and (d) perform a first procedure when the first authorization decision is different from the second authorization decision. The request corresponds to use of electronic payment for the transaction and wherein the first authorization decision is generated in parallel with generation of the second authorization decision.

Intelligent management of authorization requests is described. A payment processing service can receive transaction data associated with a purchase transaction, wherein the transaction data includes an identifier of a payment instrument associated with the purchase transaction. The payment processing service can determine, based at least in part on application of a predictive model to the transaction data, a classification associated with the purchase transaction. A user interface can be presented by the payment processing service via a display of a user device, wherein the user interface includes information associated with the purchase transaction and an indicator of the classification.

A method for managing payment submissions includes receiving, at an acquirer computing system, an authorization request submitted by a merchant computing system for a transaction of a predefined amount, the merchant computing system being associated with a merchant, and the authorization request identifying account information for an account that is associated with a payment card network and an issuer processor; and re-transmitting the authorization request for less than the predefined amount and greater than a configurable threshold value, until the authorization request is approved by the issuer processor or until the authorization request falls below the configurable threshold value.

An apparatus for charging fees to a renter of equipment based upon wear to an item of equipment is disclosed herein. The apparatus can include a communications device proximal to the equipment that charges the renter, via a connected blockchain network, based off of the amount of vibration, pressure, flow rate, or temperature that the item of equipment is subjected to.