Alternative payment implementation for electronic retailers

US10169748B2 · kind B2 · utility

Assignee

• CardinalCommerce Corporation · US

Inventors

• Chandra S. Balasubramanian · University Heights, US
• Michael A. Keresman, III · Kirtland Hills, US
• Eric Goodman · Willoughby, US
• Adam Ratica · Mentor, US
• Scott Rauhe · Lakewood, US

Key dates

• Filing date: Jun 23, 2014
• Grant date: Jan 1, 2019
• Expiry date: Jun 23, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method process a transaction between a merchant and a consumer at a point of sale (POS). Transaction information for the transaction is received from the consumer at the POS. The transaction information identifies an alternative payment option of an alternative payment provider to use for the transaction. A universal merchant platform (UMP) is requested to approve the transaction with the alternative payment provider of the identified alternative payment option. The request includes the received transaction information and is provided to the UMP according to a unified payment implementation. In response to approval of the transaction, an order identifier is received from the UMP. The order identifier uniquely identifies the transaction. The UMP is requested to authorize and/or capture funds for the transaction using a payment implementation specific to the alternative payment provider of the identified alternative payment option.