Recurring transaction processing system and approach
US8762238B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 9, 2005 |
| Grant date | Jun 24, 2014 |
| Priority date | — |
| Expiry date | Sep 26, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/10
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Transaction-based interactions are facilitated using recurring transaction processing approaches. According to an example embodiment of the present invention, recurring transactions are managed using rules applicable to parties to the transactions (e.g., as can be automatically associated with the recurring transactions based on information in the transactions and the rules). In this regard, transaction information is processed in accordance with rules characterizing the recurring nature of the transaction to which the information applies. Such transaction recurrence may be implemented, for example, using a cyclic, event-driven or other recurring type of condition. Payment related aspects of the transaction are also carried out based on the transaction processing and related recurring characteristics.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.