Worldwide cash vendor payment

• US 20030187792A1
• Filed: 09/30/2002
• Published: 10/02/2003
• Est. Priority Date: 03/27/2002
• Status: Abandoned Application

• Current Assignee: Western Union
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Karas, Peter M., Hansen, David L., Baumgart, Mark D., Wilber, Richard G.
• Application Number:
  US10/262,529
• Publication Number:
  US 20030187792A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/381 Currency conversion
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

According to the invention, a method for paying for an item with an online payment system by a payor associated with a first currency to compensate a payee associated with a second currency is disclosed. In one step, a selection of the second currency for the online payment system to use when paying the payee is received. Payment information is also received from the payor or the payee and includes at least a payee identifier and a first payment amount. A money handler associated with the payor is used to provide at least the first payment amount. A conversion ratio between the first and second currencies is determined. A second payment amount is made available to the payee for pickup at a retail location. The first currency is different from the second currency. The second payment amount is related to the first payment amount.

Claims

1. A method for paying for an auction item with an online payment system by a payor to compensate a payee, the method comprising steps of:

receiving payment information comprising at least a payee identifier, a first payment amount and an auction listing identifier;

debiting a money handler associated with the payor for at least the first payment amount;

making a second payment amount available to the payee for pickup at one or more retail locations, wherein the second payment amount is related to the first payment amount.

2. The method for paying for the auction item with the online payment system by the payor to compensate the payee as recited in claim 1, wherein the payor is associated with a first currency and the payee is associated with a second currency.

3. The method for paying for the auction item with the online payment system by the payor to compensate the payee as recited in claim 2, wherein the first and second currencies are the same.

4. The method for paying for the auction item with the online payment system by the payor to compensate the payee as recited in claim 1, wherein the first and second payment amounts vary by one or more fees.

5. The method for paying for the auction item with the online payment system by the payor to compensate the payee as recited in claim 1, wherein the amount made available is at least partially embodied in a negotiable instrument.

6. A computer-readable medium having computer-executable instructions for performing the computer-implementable method for paying for the auction item with the online payment system by the payor to compensate the payee of claim 1.

7. A method for paying for an item with an online payment system by a payor associated with a first currency to compensate a payee associated with a second currency, the method comprising steps of:

receiving selection of the second currency for the online payment system to use when paying the payee;

receiving payment information from one of the payor and the payee comprising at least a payee identifier and a first payment amount;

debiting a money handler associated with the payor for at least the first payment amount;

determining a conversion ratio between the first and second currencies;

making a second payment amount available to the payee for pickup at a retail location, wherein;

the first currency is different from the second currency, and

the second payment amount is related to the first payment amount.

8. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the item was sold in an auction listing of an auction site.

9. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the payee does not have an account with the online payment system.

10. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the first-listed receiving step comprises at least one of the following steps:

receiving selection of the second currency from the payee; and

receiving selection of the second currency from the payor.

11. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein debiting step comprises a step of debiting the money handler in the first currency.

12. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the first payment amount differs with respect to the second payment amount by a service fee.

13. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, further comprising a step of authenticating to an identity of the payee.

14. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, further comprising a step of determining if a triggering event has occurred before performing the making available step.

15. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, further comprising a step of making the second payment amount available to the payee for pickup at any of a plurality of retail locations.

16. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the payee identifier is an e-mail address associated with the payee.

17. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the determining step is performed after the payee requests the second payment amount at the retail location.

18. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, further comprising a step of notifying at least one of the payor and the payee in an electronic message that includes payment status.

19. The method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency as recited in claim 7, wherein the payor is located across a wide area network from the online payment system.

20. A computer-readable medium having computer-executable instructions for performing the computer-implementable method for paying for the item with the online payment system by the payor associated with the first currency to compensate the payee associated with the second currency of claim 7.

21. A method for paying for items with an online payment system to compensate a payee for transactions with a plurality of payors, the method comprising steps of:

receiving selection of a payment currency for the online payment system to use in paying the payee;

receiving first payment information, wherein the first payment information comprises a first payee identifier and a first payment amount;

debiting a first money handler associated a first payor for at least the first payment amount in a first currency;

receiving second payment information, wherein the second payment information comprises a second payee identifier and a second payment amount, and wherein the first payee identifier and second payee identifier both correspond to the payee and may be the same;

debiting a second money handler associated a second payor for at least the second payment amount in a second currency, wherein the first and second money handlers may be the same;

making available an amount in a currency at one or more retail locations, wherein;

the amount is equal to or larger than a sum of the first and second payment amounts minus any fees, and

at least two of the currency, the first currency and the second currency are different,

authenticating an identity of the payee.

22. The method for paying for items with the online payment system to compensate the payee for transactions with the plurality of payors as recited in claim 21, further comprising a step of determining a triggering event is satisfied, wherein:

the triggering event is at least one of an monetary event and a temporal event, and

the making step is at least partially in response to the determining step.

23. The method for paying for items with the online payment system to compensate the payee for transactions with the plurality of payors as recited in claim 21, wherein the monetary event is a stored value associated with the payor reaching a threshold amount.

24. The method for paying for items with the online payment system to compensate the payee for transactions with the plurality of payors as recited in claim 21, wherein the temporal event is chosen from a group consisting of:

a time period;

a calendar date; and

a specified day of any month.

25. The method for paying for items with the online payment system to compensate the payee for transactions with the plurality of payors as recited in claim 21, wherein the triggering event requires satisfaction of both the monetary and temporal events.

26. The method for paying for items with the online payment system to compensate the payee for transactions with the plurality of payors as recited in claim 21, wherein the debiting step comprises a step of debiting one or more of a promotion handler, a credit card handler, a debit card handler, a bank handler, a retail handler, and a gift certificate handler.

27. A computer-readable medium having computer-executable instructions for performing the computer-implementable method for paying for items with the online payment system to compensate the payee for transactions with the plurality of payors of claim 21.