Method and system for processing micropayment transactions

US8335745B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Jeffrey William Perlman · Chatswood, AU
• Michael J. Kearney · Milford, US
• Timothy M. Lee · San Jose, US
• Gregory Kenneth Storey · Sydney, AU

Key dates

• Filing date: Oct 11, 2007
• Grant date: Dec 18, 2012
• Expiry date: Sep 29, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems for performing micropayment transactions over communication networks is provided. These methods and systems enable ubiquitous micropayments by providing a seamless payment solution in which micropayment is one of a plurality of payments facilitated. In an embodiment, the transaction value may be compared to a predefined threshold, and processed as a micropayment if said value is less than said threshold, and otherwise processed using a second processing system. In another embodiment, the transaction may be processed as a micropayment if the payee has previously been verified by the micropayment processing system. In a third embodiment, the transaction takes place using the payee's website.