Processing online transactions

US8751405B2 · kind B2 · utility

Assignee

• WAL-MART STORES, INC. · US

Inventors

• Arjun Ramaratnam · Fremont, US
• Kenneth A. Hansen · San Francisco, US
• Murad Dar · Centerton, US
• Puneet Srivastava · Fremont, US
• Richard Brett Gerry · San Francisco, US
• Ruchitkumar Shah · Fremont, US
• Sathya N Dharaneedharan · Fremont, US
• Anna Smalley · Alameda, US
• Jon Baron · Dexter, US
• Justin Singer · Walnut Creek, US

Key dates

• Filing date: Aug 31, 2012
• Grant date: Jun 10, 2014
• Expiry date: Sep 8, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/407
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Disclosed are systems and methods for managing transactions in which an order is specified online and payment is received at a point of sale (POS). Methods are disclosed for managing payment for such transactions at a POS, including transactions involving payment for both in-store purchases and online orders. Methods are also disclosed for managing inventory and price changes for such transactions where payment can occur at any time in a pay period following order creation. Also disclosed are methods for processing refunds for online orders for which payment was made at a POS. Finally, methods for preventing fraud and abuse as well as restricting the availability of this payment method for certain items are disclosed.