WO2005010716A3 - Method and system to process a transaction in a network-based commerce facility - Google Patents

Method and system to process a transaction in a network-based commerce facility Download PDF

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Publication number
WO2005010716A3
WO2005010716A3 PCT/US2004/023449 US2004023449W WO2005010716A3 WO 2005010716 A3 WO2005010716 A3 WO 2005010716A3 US 2004023449 W US2004023449 W US 2004023449W WO 2005010716 A3 WO2005010716 A3 WO 2005010716A3
Authority
WO
WIPO (PCT)
Prior art keywords
payment
purchaser
billing
vendor
personal information
Prior art date
Application number
PCT/US2004/023449
Other languages
French (fr)
Other versions
WO2005010716A2 (en
Inventor
Don Teague
Joe Lynam
Greg Calcagno
Original Assignee
Paymentone Corp
Don Teague
Joe Lynam
Greg Calcagno
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US10/624,837 external-priority patent/US20050021460A1/en
Application filed by Paymentone Corp, Don Teague, Joe Lynam, Greg Calcagno filed Critical Paymentone Corp
Publication of WO2005010716A2 publication Critical patent/WO2005010716A2/en
Publication of WO2005010716A3 publication Critical patent/WO2005010716A3/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/04Payment circuits
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/10Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/102Bill distribution or payments
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/08Payment architectures
    • G06Q20/12Payment architectures specially adapted for electronic shopping systems
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401Transaction verification
    • G06Q20/4014Identity check for transactions
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401Transaction verification
    • G06Q20/4016Transaction verification involving fraud or risk level assessment in transaction processing
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/40Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/403Solvency checks

Abstract

In transactions between a purchaser (52) and a vendor (50), the vendor may obtain personal information from the purchaser at an early stage of the sale. The personal information may be used to identify a list of approved payment options. The approved payment options can be predictively or dynamically presented to the purchaser based on the business rules that account for various factors including, but not limited to: purchaser payment psychology (80), available payment methods (78), credit score by payment method type, credit score across payment method types, vendor payment option preference, and type of purchase event. When a billing failure indicator is received from a billing facility, an alternative transaction processing method is identified automatically. The alternative transaction processing method is then communicated to an associated billing facility for billing.
PCT/US2004/023449 2003-07-21 2004-07-20 Method and system to process a transaction in a network-based commerce facility WO2005010716A2 (en)

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US10/624,837 2003-07-21
US10/624,837 US20050021460A1 (en) 2003-07-21 2003-07-21 Method and system to process a transaction in a network based commerce facility
US10/658,014 US20050021462A1 (en) 2003-07-21 2003-09-08 Method and system to process a billing failure in a network-based commerce facility
US10/658,014 2003-09-08

Publications (2)

Publication Number Publication Date
WO2005010716A2 WO2005010716A2 (en) 2005-02-03
WO2005010716A3 true WO2005010716A3 (en) 2006-01-05

Family

ID=34108151

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2004/023449 WO2005010716A2 (en) 2003-07-21 2004-07-20 Method and system to process a transaction in a network-based commerce facility

Country Status (2)

Country Link
US (1) US20050021462A1 (en)
WO (1) WO2005010716A2 (en)

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US11930439B2 (en) 2019-01-09 2024-03-12 Margo Networks Private Limited Network control and optimization (NCO) system and method
CN110033280B (en) * 2019-03-08 2021-08-17 创新先进技术有限公司 Payment anti-shake method and device
US20220147996A1 (en) * 2020-11-11 2022-05-12 Margo Networks Pvt.Ltd. Offline payment system and method
US11695855B2 (en) 2021-05-17 2023-07-04 Margo Networks Pvt. Ltd. User generated pluggable content delivery network (CDN) system and method
WO2023224680A1 (en) 2022-05-18 2023-11-23 Margo Networks Pvt. Ltd. Peer to peer (p2p) encrypted data transfer/offload system and method

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Also Published As

Publication number Publication date
WO2005010716A2 (en) 2005-02-03
US20050021462A1 (en) 2005-01-27

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