Payment management
AssigneesFirst Data Corporation, The Western Union Company
InventorsMargaret M. Weichert, John J. Mascavage, III
Life of this patent
Estimating the term…
Abstract
According to the invention, a method for a payor paying a payee using a payment account is disclosed. In one step, information on a number of payment accounts is retrieved. The payment accounts comprise a first payment account and a second payment account. Selection of the first payment account is received. It is determined that the first payment account is inadequate in some respect to pay the payee. A second payment account is suggested to the payor. Which second payment account is suggested could come from the payor's and/or payee's preferences in various embodiments. The payee is paid with the second payment account.
Claims22
A method for a payor paying a payee using a payment account, the method comprising:
- receiving selection at a point of sale (POS) terminal that a payor desires to use a payment enabler, wherein the POS terminal is located within a retail merchant;
- the payment enabler retrieving, from a user database, information on a plurality of payment accounts that comprise a first payment account and a second payment account;
- the payment enabler sending the first payment account and the second payment account to the POS terminal;
- the POS terminal presenting the first payment account and the second payment account for selection by the payor;
- the POS terminal receiving the selection of the first payment account;
- the POS terminal sending the selection to the payment enabler;
- before the payment is sent for authorization, the payment enabler determining the first payment account is inadequate in some respect to pay the payee;
- in response to determining the first payment account is inadequate, the payment enabler suggesting a second payment account to the payor;
- and
- the payment enabler paying the payee with the second payment account.
A method for a payor paying a payee using a payment account, the method comprising:
- a payment enabler receiving one or more payor preferences, wherein one of the payor preferences is an incentive to sort a plurality of accounts;
- the payment enabler receiving a purchase selection;
- in response to receiving the purchase selection, the payment enabler retrieving information on a plurality of payment accounts that comprises the payment account, wherein the information comprises the payor preferences;
- the payment enabler prioritizing the plurality of payment accounts according to the incentive provided in the retrieved payor preferences;
- the payment enabler providing the plurality of payment accounts to the payor;
- the payment enabler receiving selection of the payment account from the plurality of payment accounts;
- in response to receiving selection of a payment account and before the payment is sent for authorization, the payment enabler determining the selected payment account is inadequate in some respect to pay the payee;
- in response to determining the selected payment account is inadequate, the payment enabler suggesting a second payment account to the payor;
- the payment enabler receiving authorization to send the payment with the second payment account to the payor;
- and
- the payment enabler transferring a payment from the payor to the payee with the second payment account.
A method for a payor paying a payee using a payment account, the method comprising:
- a payment enabler receiving a request to transfer payment from the payor to the payee;
- the payment enabler retrieving information on a plurality of payment accounts that comprises the payment account and an alternative payment account;
- the payment enabler determining the payment account to list first with respect to the plurality of payment accounts;
- the payment enabler listing the plurality of payment accounts;
- before sending an authorization for payment and in response to receiving the request, the payment enabler suggesting the alternative payment account that is different from the payment account;
- and
- the payment enabler transferring payment from the payor to the payee with at least one of the plurality of payment accounts.
Dependencies are inferred from the claim text.