# US 2014/0195436 A1 · Method and system to process credit card payment transactions initiated by a merchant

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- Number: US 2014/0195436 A1
- Document ID: US20140195436A1
- Status: Published application
- Kind: A1
- Application number: 14/207,401
- Filed: 2014-03-12
- Published: 2014-07-10
- Earliest claimed: 2004-07-16
- Assignees: eBay Inc.
- Applicants: Ebay Inc.
- Inventors: Joerg Schleicher
- Web page: https://patentgrep.com/patent/US20140195436A1

## CPC

- G06Q 20/40: Authorisation, 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
- G06Q 20/02: involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
- G06Q 20/10: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
- G06Q 20/202: {Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR}
- G06Q 20/24: Credit schemes, i.e. "pay after"
- G06Q: INFORMATION 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

## Abstract

A system, to process credit card payment transactions initiated by a merchant, includes an interface to receive a merchant-initiated request for a transfer of funds from a buyer credit card account. A credit card processing application initiates the transfer of funds from the buyer credit card account to a third-party merchant bank account, held by a third-party payment service. The third-party merchant bank account receives funds from the buyer credit card account on behalf of the merchant. A funds allocation application allocates the received funds to a receiving account of the merchant, the receiving account being maintained by the third-party payment service. The credit card processing application may be virtual point of sale (POS) terminal application, hosted at a server computer system operated by the third-party payment service, and accordingly may be accessible by the merchant via a network.

## Claims

### Claim 1

A system to process credit card payment transactions initiated by a merchant, the system including:
an interface to receive a merchant-initiated request for a transfer of funds from a buyer credit card account;
a credit card processing application to initiate the transfer of funds from the buyer credit card account to a third-party merchant bank account, held by a third-party payment service, the third-party merchant bank account to receive funds from the buyer credit card account on behalf of the merchant; and
a funds allocation application to allocate the received funds to a receiving account of the merchant, the receiving account being maintained by the third-party payment service.