System and method for reconciling credit card payments with corresponding transactions
US8245920B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 13, 2009 |
| Grant date | Aug 21, 2012 |
| Priority date | — |
| Expiry date | Jun 2, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/24
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
One embodiment of the present invention provides a system for facilitating a financial transaction. During operation, the system receives a request for a financial transaction from a merchant, wherein the financial transaction involves a payment to the merchant. Next, the system obtains a unique transaction identifier for the financial transaction. The system then associates the unique transaction identifier with the request to facilitate reconciliation of the financial transaction. Finally, the system forwards the request along with the unique transaction identifier to one or more financial institutions for subsequent processing of the financial transaction, which can involve reconciliation and/or settlement of the financial transaction.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.