WO2002039368A1 - Procede de traitement de payements par carte de credit verses par les clients aux commerçants - Google Patents
Procede de traitement de payements par carte de credit verses par les clients aux commerçants Download PDFInfo
- Publication number
- WO2002039368A1 WO2002039368A1 PCT/US2001/049899 US0149899W WO0239368A1 WO 2002039368 A1 WO2002039368 A1 WO 2002039368A1 US 0149899 W US0149899 W US 0149899W WO 0239368 A1 WO0239368 A1 WO 0239368A1
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- credit card
- merchant
- transaction data
- computer system
- web site
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
- G06Q30/06—Buying, selling or leasing transactions
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/08—Payment architectures
- G06Q20/12—Payment architectures specially adapted for electronic shopping systems
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/22—Payment schemes or models
- G06Q20/28—Pre-payment schemes, e.g. "pay before"
Definitions
- the present invention relates to a method of processing commercial transactions wherein customers purchase goods or services from merchants using credit cards as the form of payment.
- the present invention relates to a method for processing and handling both credit card purchases made by customers via an internet web site operated by a merchant and credit card purchases made by customers when physically present at a merchant's place of business.
- the card reader reads data recorded on a magnetic stripe on the reverse side of the credit card.
- the card reader is typically connected to the credit card company's processing facility, its computer system or bank operated system via a telephone line or other communication link.
- the card data includes at a minimum the credit card number, the card's expiration date and typically the name of the card holder.
- the merchant's "merchant number”, having been pre- programmed into the reader, is transmitted to the processing facility together with the card data and the dollar amount of the purchase which is typically manually entered by the cashier.
- the foregoing may also be performed manually by the cashier by telephoning the credit card processing facility, as is required in the case of communication link failures or other computer outages.
- modern cash registers or terminals typically incorporate a card reader which serves to further automate this process by automatically connecting to the credit card processing facility and transmitting the card data together with the amount of the purchase.
- An authorization code is generated by the credit card processing facility in response to the merchant transmitting the credit card transaction. This authorization code is, in turn, transmitted back to the merchant.
- a receipt and signature form is generated and printed for the customer to sign. This printed form typically includes the authorization code and a copy is typically retained by both the merchant and the customer.
- the merchant can be assured of receiving payment for the goods or services and accordingly can deliver the goods or services to the customer at that time knowing that the appropriate funds will be transferred into the merchant's bank account.
- the merchant has not actually received the funds from the credit card issuer who will collect the purchase amount owed from the customer in the form of a monthly credit card payment. Instead, the merchant knows only that the purchase amount has been authorized by the credit card processor and that an appropriate reservation of funds has been made against the customer's credit limit assuring ultimate payment to the merchant, if the "charge" is actually submitted by the merchant to the credit card processor.
- the merchant may simply gather manually completed credit card slips and deposit them to the merchant's banking institution along with the merchant's cash and check deposits.
- the bank will in turn ultimately transmit these credit card slips, which for the most part were treated as cash.
- the customer When paying by credit card the customer provides the card number, the card's expiration date as well as certain personal identifying information. Typically, the customer is asked to provide a name and shipping address together with the billing address for the credit card. Upon receipt of the foregoing information, the order taking process is concluded with the actual order processing taking place "off line".
- the merchant operating the internet web site must then proceed to verify the credit card number and obtain authorizing information towards insuring payment or at least deterring blatant fraud. This is typically handled by transmitting the credit card number, card expiration date, purchase amount and billing address to a credit card processing facility who verifies that the card is valid, that a proper billing address has been provided (to deter use of stolen credit cards and rejecting the transaction if an inconsistency is identified) and that the customer has the necessary credit available to make the desired purchase. If affirmed an authorization occurs and funds equal to the purchase amount are reserved for the merchant from the customer's available credit limit.
- the merchant can "defer” authorizing the purchase transaction since the merchant is at little risk given that no goods are delivered to the customer at the time the customer completes the order process and shipped to the customer only when the valid authorization process is completed.
- One aspect of conducting commerce using credit cards which may be unknown to the customer or otherwise ignored is the fact that a merchant who accepts payment from a customer using the credit is required to pay a small percentage of the overall total purchase amount to the credit card company which issued and/or processed the credit card as a service charge to compensate for processing or otherwise handling or making payment to the merchant.
- Credit card processing companies frequently offer incentives to merchants reducing the overall expense associated with the merchant's accepting credit card payments. In some cases promotions may be offered.
- credit card companies will typically offer a discount in the service fee charged to the merchant if the merchant will submit its credit card charges and or requests for payment in large batches.
- a discount may be offered based upon the frequency in time in which orders are submitted or, as is most common, based upon the overall total number of transactions submitted in a single batch. The greater the number of transactions which can be processed by the credit card company at a single time the lower the overall costs incurred by the credit card company.
- the present invention comprises a method for processing credit card payments made by customers purchasing goods from merchants from both merchant operated Internet web sites as well as a merchant operated physical store locations.
- the method comprises the steps of: capturing e- commerce credit card transaction data related to orders placed by customers purchasing goods and/or services from a merchant's Internet web site using credit cards as a manner of payment; transmitting captured e-commerce credit card transaction data to a computer system associated with one or more of the merchant's physical store location; inputting the e-commerce credit card transaction data into the computer system; processing the e-commerce credit card transaction data to obtain authorization for the credit card charge; consolidating the e- commerce credit card transaction data with credit card transaction data generated by customers making purchases as the merchant's physical store location; and transmitting the consolidated credit card transaction data to a credit card processing facility, whereby the merchant is able to take maximum advantage of the volume discounts offered by credit card payment processing facilities.
- the method includes the storing e-commerce credit card transaction data on a computer system associated with the merchant's internet web site and thereafter transmitting the captured e-commerce credit card transaction data to the computer system associated with one or more of the merchant's physical stores in near real time on a transaction-by-transaction basis.
- the captured e-commerce credit card transaction data may be transmitted to the computer system associated with one or more of the merchant's physical stores at one or more predetermine times of day or when a predetermined number of credit card transactions have been stored on the computer system associated with the merchant's internet web site.
- the step of processing the e- commerce transaction data toward obtaining authorization for the credit card charge precedes the step of transmitting the transaction data to the computer system associated with one or more of the merchant's physical stores.
- Fig. 1 is a flow chart illustrating the various steps of one embodiment of the present method for processing credit card payments made by customers to merchants.
- Fig. 2 is a flow chart illustrating the various steps of another embodiment of the present method for processing credit card payments made by customers to merchants.
- the present invention permits a business, within the constraints of its agreements with the credit card processing facilities, to consolidate all of its credit card charges placed by customers into a single batch of charges which may be transmitted in bulk to a credit card company for processing, regardless of whether placed over the merchant's internet web site or at the merchant's store facilities.
- Figure 1 illustrates one embodiment of the invention capable of processing credit card transactions made by customers purchasing goods from both a merchant's web site as well as a merchant's physical store location.
- the internet web site operated by the merchant accepts orders from customers making purchases for goods and/or services using credit cards in the conventional manner, commonly referred to as "e-commerce".
- the goods and/or services ordered and credit card payment information is collected from the purchaser on-line at the time the order is placed and stored on one or more computer web servers operated by or for the merchant.
- the internet web site servers are configured and operate to accept from the customer at the time the order is placed various data including the purchaser's credit card number, card expiration date and personal identifying information.
- the programming for such on-line "e-commerce" computer based transaction activities is well known in the industry.
- the data for orders and the associated data from credit card payments made via the web site are collected together and transmitted to a computer system maintained at a physical store location operated by or for the merchant, step 220, instead of being transmitted to a credit card processing facility.
- the merchant "in- store” computer system can, for purposes of the present invention comprise a dedicated order processing system located in the merchant's physical store location, off-site from the location, such as at a company headquarters, or may comprise a point of sale (POS) system, such a computerized “cash register” system.
- POS point of sale
- the present invention can be operated wherein the data for each credit card transaction initiated by a customer on an internet web site is transmitted to and passed into the merchant's in-store computer system in near real time on a transaction by transaction basis or, alternatively, transactions may be held on a web site server and transmitted to the in-store computer system in bulk at pre-arranged times or when a pre-determined volume of transactions have been captured by the web server.
- the "web site transaction data" is then input into the store's computer system where the purchase transactions are processed "in-store” as if each of the purchases were made at the merchant's physical store instead of from the merchant's web site, step 230.
- the processing entity all of the credit card transactions are recognized as emanating from a single entity and are treated the same.
- the authorization for the credit card purchases made at the merchant's internet web site is obtained by the merchant not during the on-line order taking session but, rather, after the transaction is transmitted to the in- store computer system, step 240. It is presumed that the merchant will not deliver merchandise to the customer until the appropriate credit card authorization is obtained and the merchant is assured that the credit card transaction is valid and that payment for the goods will be received.
- the merchant is still able to meet to the demands of the consumer since deferring credit card authorization until after the transaction data has been transmitted to the store system does not unduly delay processing the order, picking the goods, packing the merchandise, and ultimately dispatching the goods for delivery to the customer where deliveries are dispatched well after an order is first placed.
- the captured e-commerce credit card transaction data is then consolidated with the in-person credit card transaction data within the in-store data processing or point-of-sale system(s), step 250. Thereafter, the consolidated credit card charges representing both e-commerce internet web site credit card purchases and credit card purchases made by customers at company physical stores are transmitted to a credit card processor in a single batch thereby enabling the merchant to obtain the highest level of discounts available, step 260.
- step 320 the step of obtaining an authorization code for a credit card purchase, step 320, will be performed by the web site computer system prior to that data being transmitted to the in-store system for ultimate processing, step 330.
- the transaction data which is transmitted to the in-store system would comprise, at a minimum, the user's credit card number, the expiration date, the dollar value of the transaction, the authorization code received, as well as the merchant number.
Abstract
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU2002232748A AU2002232748A1 (en) | 2000-11-10 | 2001-11-09 | Method for processing credit card payments made by customers to merchants |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US24735300P | 2000-11-10 | 2000-11-10 | |
US60/247,353 | 2000-11-10 |
Publications (1)
Publication Number | Publication Date |
---|---|
WO2002039368A1 true WO2002039368A1 (fr) | 2002-05-16 |
Family
ID=22934592
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2001/049899 WO2002039368A1 (fr) | 2000-11-10 | 2001-11-09 | Procede de traitement de payements par carte de credit verses par les clients aux commerçants |
Country Status (2)
Country | Link |
---|---|
AU (1) | AU2002232748A1 (fr) |
WO (1) | WO2002039368A1 (fr) |
Cited By (5)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US7020633B2 (en) * | 2002-09-17 | 2006-03-28 | First Data Corporation | Method and system for merchant processing of purchase card transactions with expanded card type acceptance |
US7933835B2 (en) | 2007-01-17 | 2011-04-26 | The Western Union Company | Secure money transfer systems and methods using biometric keys associated therewith |
US8504473B2 (en) | 2007-03-28 | 2013-08-06 | The Western Union Company | Money transfer system and messaging system |
US8818904B2 (en) | 2007-01-17 | 2014-08-26 | The Western Union Company | Generation systems and methods for transaction identifiers having biometric keys associated therewith |
CN111523957A (zh) * | 2019-02-01 | 2020-08-11 | 东芝泰格有限公司 | 商品数据处理装置及控制方法、可读存储介质、电子设备 |
Citations (4)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5206488A (en) * | 1989-06-07 | 1993-04-27 | Mordechai Teicher | Credit card system including a central unit and a plurality of local units for conducting low-cost transactions |
US5384449A (en) * | 1992-04-28 | 1995-01-24 | Visa International Service Association | Authorization matching system |
US5943423A (en) * | 1995-12-15 | 1999-08-24 | Entegrity Solutions Corporation | Smart token system for secure electronic transactions and identification |
US6169974B1 (en) * | 1998-10-08 | 2001-01-02 | Paymentech, Inc. | Method for closed loop processing of transactions utilizing bank card association |
-
2001
- 2001-11-09 AU AU2002232748A patent/AU2002232748A1/en not_active Abandoned
- 2001-11-09 WO PCT/US2001/049899 patent/WO2002039368A1/fr not_active Application Discontinuation
Patent Citations (4)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US5206488A (en) * | 1989-06-07 | 1993-04-27 | Mordechai Teicher | Credit card system including a central unit and a plurality of local units for conducting low-cost transactions |
US5384449A (en) * | 1992-04-28 | 1995-01-24 | Visa International Service Association | Authorization matching system |
US5943423A (en) * | 1995-12-15 | 1999-08-24 | Entegrity Solutions Corporation | Smart token system for secure electronic transactions and identification |
US6169974B1 (en) * | 1998-10-08 | 2001-01-02 | Paymentech, Inc. | Method for closed loop processing of transactions utilizing bank card association |
Cited By (10)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US7020633B2 (en) * | 2002-09-17 | 2006-03-28 | First Data Corporation | Method and system for merchant processing of purchase card transactions with expanded card type acceptance |
US7043451B2 (en) * | 2002-09-17 | 2006-05-09 | First Data Corporation | Method and system for merchant processing of purchase card transactions with expanded card type acceptance |
US7069244B2 (en) * | 2002-09-17 | 2006-06-27 | First Data Corporation | Method and system for merchant processing of purchase card transactions with expanded card type acceptance |
US7933835B2 (en) | 2007-01-17 | 2011-04-26 | The Western Union Company | Secure money transfer systems and methods using biometric keys associated therewith |
US8818904B2 (en) | 2007-01-17 | 2014-08-26 | The Western Union Company | Generation systems and methods for transaction identifiers having biometric keys associated therewith |
US9123044B2 (en) | 2007-01-17 | 2015-09-01 | The Western Union Company | Generation systems and methods for transaction identifiers having biometric keys associated therewith |
US8504473B2 (en) | 2007-03-28 | 2013-08-06 | The Western Union Company | Money transfer system and messaging system |
US10311410B2 (en) | 2007-03-28 | 2019-06-04 | The Western Union Company | Money transfer system and messaging system |
CN111523957A (zh) * | 2019-02-01 | 2020-08-11 | 东芝泰格有限公司 | 商品数据处理装置及控制方法、可读存储介质、电子设备 |
CN111523957B (zh) * | 2019-02-01 | 2023-09-15 | 东芝泰格有限公司 | 商品数据处理装置及控制方法、可读存储介质、电子设备 |
Also Published As
Publication number | Publication date |
---|---|
AU2002232748A1 (en) | 2002-05-21 |
Similar Documents
Publication | Publication Date | Title |
---|---|---|
US8083133B2 (en) | System and method for accounting for activation of stored value cards | |
US6678664B1 (en) | Cashless transactions without credit cards, debit cards or checks | |
US7158955B2 (en) | Electronic identifier payment systems and methods | |
US7107249B2 (en) | Electronic identifier payment systems and methods | |
US20030229540A1 (en) | Rebate issuance and reconciliation systems and methods | |
US20060085335A1 (en) | Point of sale systems and methods for consumer bill payment | |
US20190347648A1 (en) | Financial card transaction security and processing methods | |
US20030212796A1 (en) | Loadable debit card system and method | |
US20070175984A1 (en) | Open-loop gift card system and method | |
US20050182720A1 (en) | Online payment system and method | |
US20120290368A1 (en) | Point-of-sale system using prepaid/gift card network | |
MXPA06013016A (es) | Metodo y sistema de tarjetas de valor temporal. | |
KR20070064394A (ko) | 환급카드 시스템 | |
US20090171794A1 (en) | Systems and methods for processing a payment transaction | |
US20060277146A1 (en) | Electronic identifier payment systems and methods | |
US20030229539A1 (en) | Rebate issuance system and methods | |
KR20090084813A (ko) | 소비자 및 상인 간의 구매 트랜잭션을 관리하는 방법 및 시스템 | |
WO2005086878A2 (fr) | Dispositif a valeur stockee pouvant etre distribue au detail et rachete sur des sites de rachat specifiques, et systeme et procede correspondant | |
JP2007510190A (ja) | 販売時点情報管理購買システム | |
US20070100751A1 (en) | Method and system for processing and preventing credit card fraud in simultaneous remote wholesale exchange and local fullfillment of retail transactions by third party retailers | |
US20030041022A1 (en) | Electronic money instrument | |
WO2002039368A1 (fr) | Procede de traitement de payements par carte de credit verses par les clients aux commerçants | |
US20070106602A1 (en) | Card purchase transaction processing | |
US20020103767A1 (en) | Transaction and logistics integrated management system (TALISMAN) for secure credit card payment and verified transaction delivery | |
KR20030061842A (ko) | 구매 대금 대체 방법 |
Legal Events
Date | Code | Title | Description |
---|---|---|---|
AK | Designated states |
Kind code of ref document: A1 Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY BZ CA CH CN CO CR CU CZ DE DK DM DZ EC EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX MZ NO NZ OM PH PL PT RO RU SD SE SG SI SK SL TJ TM TR TT TZ UA UG US UZ VN YU ZA ZW |
|
AL | Designated countries for regional patents |
Kind code of ref document: A1 Designated state(s): GH GM KE LS MW MZ SD SL SZ TZ UG ZW AM AZ BY KG KZ MD RU TJ TM AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE TR BF BJ CF CG CI CM GA GN GQ GW ML MR NE SN TD TG |
|
DFPE | Request for preliminary examination filed prior to expiration of 19th month from priority date (pct application filed before 20040101) | ||
121 | Ep: the epo has been informed by wipo that ep was designated in this application | ||
REG | Reference to national code |
Ref country code: DE Ref legal event code: 8642 |
|
122 | Ep: pct application non-entry in european phase | ||
NENP | Non-entry into the national phase |
Ref country code: JP |
|
WWW | Wipo information: withdrawn in national office |
Country of ref document: JP |