Method and system for closed loop collect on delivery (C.O.D.) payments

A method for providing funds to pay for a transaction between a buyer and a seller comprising:

• receiving a request for payment for the transaction from the buyer, the request including information related to the transaction;
• storing the information related to the transaction;
• receiving a request for authorization of the transaction upon processing of the transaction, the request for authorization including information specific to the transaction;
• comparing the information specific to the transaction with the stored information related to the transaction;
• if the information specific to the transaction favorably compares with the stored information related to the transaction, providing authorization to complete processing of the transaction;
• and
• providing funds to pay for the transaction to the seller.

A method for providing funds to pay for goods purchased by a buyer from a seller, the goods being delivered to the buyer by a carrier, the method comprising:

• receiving a request for payment for the goods from the buyer, the request including information related to the goods being purchased;
• generating an authorization number associated with the information related to the goods being purchased;
• providing the authorization number to the carrier,
• receiving confirmation from the carrier of receipt of a matching authorization number from the buyer upon delivery of the goods by the carrier to the buyer;
• and
• providing funds to pay for the goods to the seller based on the confirmation of receipt of the matching authorization number from the carrier.

A method for providing funds to pay for goods purchased by a buyer from a shipper, the goods being delivered to the buyer by a carrier, the method comprising:

• receiving a request for payment for the goods from the buyer;
• generating an encrypted authorization message associated with the transaction, the encrypted authorization message requiring a first key and a second key to decrypt;
• providing the encrypted authorization message to at least one of the buyer and the carrier;
• providing the first key to the buyer;
• providing the second key to the carrier;
• receiving confirmation from the carrier of delivery of the goods by the carrier to the buyer;
• and
• providing funds to pay for the transaction to the shipper based on the confirmation from the carrier.

A method for providing funds to pay for goods purchased by a buyer from a seller, the goods being delivered to the buyer by a carrier, comprising:

• receiving a request for payment for the goods from the buyer, the request including information related to the goods being purchased, the payment to be made on behalf of the buyer to the seller;
• generating an authorization number associated with the information related to the goods being purchased;
• providing the authorization number to the buyer;
• receiving a request for validation of the authorization number from the carrier upon delivery of the goods by the carrier to the buyer;
• validating the authorization number;
• if the authorization number is validated, providing confirmation of the validation of the authorization number to the carrier;
• and
• providing funds to pay for the transaction to the seller.

A method for a carrier to deliver goods to a buyer from a shipper comprising:

• receiving an authorization number from the buyer upon delivery of the goods to the buyer, the authorization number being previously generated by a payment system and being associated with the goods being delivered;
• communicating with the payment system to request validation of the authorization number received from the buyer;
• receiving confirmation of the authorization number from the payment system, the confirmation indicating that payment for the goods will be made by the payment system to the shipper on behalf of the buyer;
• and
• delivering the goods to the buyer.

A method for a carrier to deliver goods to a buyer from a shipper comprising:

• communicating with a payment system to request authorization for delivery of the goods to the buyer, the authorization request including information specific to the goods being delivered;
• receiving authorization for delivery of the goods to the buyer from the payment system, the authorization signifying that payment for the goods will be made by the payment system to the shipper on behalf of the buyer for the goods;
• and
• delivering the goods to the buyer.

A method for a carrier to deliver goods to a buyer from a shipper comprising:

• receiving a first authorization number, the first authorization number being previously generated by a payment system and being associated with the goods being delivered;
• receiving a second authorization number from the buyer upon delivery of the goods;
• comparing the first authorization number and the second authorization number;
• if the first authorization number and the second authorization number are identical, delivering the goods to the buyer;
• and
• providing confirmation of the delivery of the goods to the payment system,
• wherein payment for the goods will be made by the payment system to the shipper on behalf of the buyer.

A method for a carrier to deliver goods to a buyer from a shipper comprising:

• receiving an encrypted authorization message, the encrypted authorization message being previously generated by a payment system and being associated with the goods being delivered;
• receiving a first key;
• receiving a second key from the buyer;
• decrypting the encrypted confirmation message using the first key and the second key;
• and
• upon successful decryption of the encrypted authorization message, delivering the goods to the buyer and providing confirmation of the delivery of the goods to the payment system,
• wherein payment for the goods will be made by the payment system to the shipper on behalf of the buyer.

A system for providing funds to pay for a transaction between a buyer and a shipper comprising:

• means for receiving a request for payment for the transaction from the buyer, the request including information related to the transaction;
• means for generating an authorization number associated with the information related to the transaction;
• means for providing the authorization number to the buyer;
• means for receiving a request for validation of the authorization number upon processing of the transaction;
• means for validating the authorization number;
• means for providing confirmation of validity of the authorization number;
• and
• means for providing funds to pay for the transaction to the shipper.

A system for providing funds to pay for a transaction between a buyer and a seller comprising:

• means for receiving a request for payment for the transaction from the buyer, the request including information related to the transaction;
• means for storing the information related to the transaction;
• means for receiving a request for authorization of the transaction upon processing of the transaction, the request for authorization including information specific to the transaction;
• means for comparing the information specific to the transaction with the stored information related to the transaction;
• means for providing authorization to complete processing of the transaction if the information specific to the transaction favorably compares with the stored information related to the transaction;
• and
• means for providing funds to pay for the transaction to the seller.

A system for providing funds to pay for goods purchased by a buyer from a seller, the goods being delivered to the buyer by a carrier, the system comprising:

• means for receiving a request for payment for the goods from the buyer, the request including information related to the goods being purchased;
• means for generating an authorization number associated with the information related to the goods being purchased;
• means for providing the authorization number to the carrier;
• means for receiving confirmation from the carrier of receipt of a matching authorization number from the buyer upon delivery of the goods by the carrier to the buyer;
• and
• means for providing funds to pay for the goods to the seller based on the confirmation of receipt of the matching authorization number from the carrier.

A system for providing funds to pay for goods purchased by a buyer from a shipper, the goods being delivered to the buyer by a carrier, the system comprising:

• means for receiving a request for payment for the goods from the buyer;
• means for generating an encrypted authorization message associated with the goods, the encrypted authorization message requiring a first key and a second key to decrypt;
• means for providing the encrypted authorization message to at least one of the buyer and the carrier;
• means for providing the first key to the buyer;
• means for providing the second key to the carrier;
• means for receiving confirmation from the carrier of delivery of the goods by the carrier to the buyer, the delivery of the goods being based upon successful decryption of the encrypted authorization message by the carrier using the first and second keys;
• and
• means for providing funds to pay for the transaction to the shipper based on the confirmation from the carrier.

A system for providing payment to a shipper on behalf of a buyer for goods shipped to the buyer, the system comprising:

• a payment system adapted to receive a request from the buyer for payment to the shipper for goods to be delivered to the buyer, the request including information related to the goods to be shipped to the buyer, the payment system generating an authorization number associated with the information related to the goods and providing the authorization number to the buyer;
• and
• a payment account maintained for the buyer,
• wherein the payment system, upon receipt of a request for validation of the authorization number, will validate the authorization number and provide payment to the shipper for the goods from the payment account maintained for the buyer.