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Method and system for closed loop collect on delivery (C.O.D.) payments

  • US 20030212631A1
  • Filed: 09/26/2002
  • Published: 11/13/2003
  • Est. Priority Date: 05/10/2002
  • Status: Active Grant
First Claim
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1. A method for providing funds to pay for a transaction between a buyer and a shipper comprising:

  • receiving a request for payment for the transaction from the buyer, the request including information related to the transaction;

    generating an authorization number associated with the information related to the transaction;

    providing the authorization number to the buyer;

    receiving a request for validation of the authorization number upon processing of the transaction;

    validating the authorization number;

    if the authorization number is validated, providing confirmation of validity of the authorization number; and

    providing funds to pay for the transaction to the shipper.

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