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US 2006/0235758 A1Published application
Authorization techniques
AssigneePaypal, Inc.
InventorJoerg Schleicher
Life of this patent
Estimating the term…
Abstract
Authorization techniques are presented. A merchant and buyer interact with an authorization and settlement service. Multiple funding sources associated with the buyer are used to authorize a single transaction between the merchant and the buyer. The authorization and settlement service honors the authorization on behalf of the merchant for a configurable period of time. During this period of time, the merchant may completely or partially settle with the buyer via the network-based authorization and settlement service.
Claims30
A system, including:
- a merchant interface;
- a buyer interface;
- and
- a network-based authorization and settlement service that interacts with the merchant interface and the buyer interface, and wherein the network-based authorization and settlement service uses one or more combinations of multiple disparate funding sources associated with buyers via the buyer interface to perform authorizations for merchants that interact through the merchant interface.
1 more element
A system, including:
- a merchant data store;
- a buyer data store;
- and
- an authorization and settlement means that interacts with merchants to acquire authorization and settlement policies and that interacts with the buyer data store to acquire funding sources for authorizations and settlements.
1 more element
A method, including:
- receiving a transaction from a merchant for an amount;
- authorizing the amount against one or more funding sources;
- and
- sending a confirmation to the merchant if the authorization was successful.
1 more element
A method, including:
- receiving an authorization request from a merchant for a buyer;
- detecting that the authorization request is associated with a checking account of the buyer;
- acquiring a credit card as a backup to the checking account;
- and
- honoring the authorization request.
2 more elements
A method, including:
- receiving an authorization request associated with a buyer;
- detecting that a funding source associated with the authorization request does not permit locking funds;
- and
- honoring the authorization request for the funding source using a backup funding source and assigning a risk for the authorization to the merchant.
1 more element
Dependencies are inferred from the claim text.