System and method for implementing enhanced payment on delivery

A method, comprising:

• receiving, from a user of a user device, a request for an authorization-by-proxy payment on delivery (POD);
• requesting, at the user device, the user identify an authorized proxy for the authorization-by-proxy POD;
• generating an authorization-by-proxy code based upon buyer-controlled payment control parameters, wherein a buyer associated with the buyer-controlled payment control parameters is the user of the user device;
• using the buyer-controlled payment parameters to control processing of a payment for the authorization-by-proxy POD;
• pre-authorizing, at shipment time of merchandise associated with the authorization-by-proxy POD, a hold on a monetary amount associated with an order of the merchandise associated with the authorization-by-proxy POD, wherein the authorization-by-proxy code is configured to allow the authorized proxy to pay for and receive merchandise associated with the authorization-by-proxy POD after the user unblocks use of the authorization-by-proxy code and wherein the payment is processed when the authorized proxy provides the authorization-by-proxy code to a deliverer of the merchandise associated with the authorization-by-proxy POD;
• and
• receiving a notification of shipment of the merchandise associated with the authorization-by-proxy POD, the notification indicative of a time to provide the authorization-by-proxy code to the authorized proxy, wherein the authorization-by-proxy code is a restricted virtual account number and wherein when the authorized proxy is an IOT device, the IOT device performs a scan of an invoice associated with the merchandise upon delivery of the merchandise, the scan of the invoice being used to verify an authenticity of the merchandise being delivered.

A system, comprising:

• a processor;
• and
• a non-transitory computer readable medium coupled to the processor, the non-transitory computer readable medium comprising code that:
• receives, from a user of a user device, a request for an authorization-by-proxy payment on delivery (POD);
• requests, at the user device, the user identify an authorized proxy for the authorization-by-proxy POD;
• generates an authorization-by-proxy code based upon buyer-controlled payment control parameters;
• uses the buyer-controlled payment parameters to control processing of a payment for the authorization-by-proxy POD;
• and
• pre-authorizes, at shipment time of merchandise associated with the authorization-by-proxy POD, a hold on a monetary amount associated with an order of the merchandise associated with the authorization-by-proxy POD, wherein the authorization-by-proxy code is configured to allow the authorized proxy to pay for and receive merchandise associated with the authorization-by-proxy POD after the user unblocks use of the authorization-by-proxy code and wherein the payment is processed when the authorized proxy provides the authorization-by-proxy code to a deliverer of the merchandise associated with the authorization-by-proxy POD and wherein a notification of shipment of the merchandise associated with the authorization-by-proxy POD is received by the system, the notification indicative of a time to provide the authorization-by-proxy code to the authorized proxy and wherein the authorization-by-proxy code is a virtual account number or a virtual phone number and when the authorized proxy is an IOT device, the IOT device performs a scan of an invoice associated with merchandise upon delivery of the merchandise, the scan of the invoice being used to verify an authenticity of the merchandise being delivered.