US Patent 10089646 Systems, devices, and methods for managing a payment transaction

Embodiments of the present disclosure include a method for managing a payment transaction. Such a method includes receiving a first transaction information including a first rendered card provided by a user using a computer server. A further step may include accessing BIN and rate information from a table, using the computer server, based on the first transaction information. An additional step may include calculating, using the computer server, a first cost based on the BIN and rate information and calculating a first convenience fee for the first rendered card. Other steps may be determining a first suggested card type by the computer server based on an algorithm implemented by software such that the first suggested card type has a lower cost than the first cost and a lower convenience fee than the first convenience fee as well as providing the first suggested card type to the user.