Payment processing with selection of a processing parameter
US7653598B1 · kind B1 · utility
29Cited by
32References
16Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Aug 1, 2003 |
| Grant date | Jan 26, 2010 |
| Priority date | — |
| Expiry date | Oct 16, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A technique for making a payment to a payee on behalf of a payor is provided. A selection is made, based upon a received payment request, of a processing parameter from a group of processing parameters. The group of processing parameters consists of at least two of three processing parameters. The three processing parameters are a speed of processing, cost of processing, and a risk of processing. The payment is made according to the selected processing parameter.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.