BACKGROUND OF THE DISCLOSURE

The field of the disclosure relates generally to parsing data messages to identify travel-related data and store a travel schedule within a data table, and more specifically to systems and methods for building a data table of travel-related data, and using the data table to reduce false declines over a network.

At least some known credit/debit card purchases involve fraudulent activity. These fraudulent transactions present liability issues to one or more parties involved in the transaction, such as an issuing bank, a merchant, a payment processing network, or an acquirer bank. As such, these parties are interested in fraud detection, or the ability to analyze the data surrounding a payment card transaction before authorizing the transaction. For example, transactions performed while consumers are traveling, and interacting with new merchants, may overlap with factors associated with payment transaction fraud. This overlap in factors associated with travel and fraud may cause payment transactions to needlessly be declined.

Oftentimes, issuers of payment cards (e.g., credit cards and/or debit cards) rely on a cardholder manually notifying them of the dates and/or locations of their upcoming expected travel. However, given the complexity of coordinating travel, cardholders may neglect to notify issuers, increasing the likelihood of payment transactions being needlessly declined. Further, after a cardholder has begun travelling, the difficulty of contacting the issuer and verifying the travel may be increased. For example, the cardholder may be unsure how to contact the issuer from a foreign location, and/or the issuer may require additional actions from the cardholder to verify travel once in progress. In light of the above limitations in systems to prevent needless travel-related payment declines, an enhanced system that allows for travel information to be automatically identified and recorded is desirable, as such a system could both reduce needless travel-related declines and eliminate an extra step of coordination for travelling cardholders.

BRIEF DESCRIPTION OF THE DISCLOSURE

In one aspect, a system for building a data table of travel-related data and using the data table to reduce false declines when processing payment transactions is provided. The system includes a travel identifier (TI) computing device in communication with a memory. The TI computing device is configured to receive transaction data that includes travel-related data and cardholder identifiers, the transaction data associated with transactions initiated by a cardholder with payments cards associated with payment accounts, identify the travel-related data for the cardholder included within the transaction data, and build a data table for storing one or more records within an itinerary data source using the travel-related data, the data table including at least one location where the cardholder plans to visit, and at least one date when the cardholder plans to visit said at least one location. The TI computing device is also configured to receive current transaction data for a current transaction initiated by the cardholder including a current transaction location and a current transaction date. The TI computing device is further configured to authenticate the current transaction data by electronically matching the current transaction location and the current transaction data to the data table stored in the itinerary data source.

In a second aspect, a computer-implemented method for building a data table of travel-related data and using the data table to reduce false declines when processing payment transactions is provided. The method includes receiving transaction data that includes travel-related data and cardholder identifiers, the transaction data associated with transactions initiated by a cardholder with payments cards associated with payment accounts, identifying the travel-related data for the cardholder included within the transaction data, and building a data table for storing one or more records within an itinerary data source using the travel-related data, the data table including at least one location where the cardholder plans to visit, and at least one date when the cardholder plans to visit said at least one location. The method also includes receiving current transaction data for a current transaction initiated by the cardholder including a current transaction location and a current transaction date. The method further includes authenticating the current transaction data by electronically matching the current transaction location and the current transaction data to the data table stored in the itinerary data source.

In yet another aspect, a non-transitory computer readable medium having computer-executable instructions embodied thereon is provided. When executed by a travel identifier (TI) computing device having one or more processors in communication with one or more memory devices, the computer-executable instructions cause the TI computing device to receive transaction data that includes travel-related data and cardholder identifiers, the transaction data associated with transactions initiated by a cardholder with payments cards associated with payment accounts, identify the travel-related data for the cardholder included within the transaction data, and build a data table for storing one or more records within an itinerary data source using the travel-related data, the data table including at least one location where the cardholder plans to visit, and at least one date when the cardholder plans to visit said at least one location. The computer-executable instructions also cause the TI computing device to receive current transaction data for a current transaction initiated by the cardholder including a current transaction location and a current transaction date. The computer-executable instructions further cause the TI computing device to authenticate the current transaction data by electronically matching the current transaction location and the current transaction data to the data table stored in the itinerary data source.

