Systems and methods for providing notification and feedback based on electronic payment transactions

• US 20050256809A1
• Filed: 11/17/2004
• Published: 11/17/2005
• Est. Priority Date: 05/14/2004
• Status: Abandoned Application

• Current Assignee: Excalibur IP, LLC (Acacia Research Corporation)
• Original Assignee: Excalibur IP, LLC (Acacia Research Corporation)
• Inventors: Sadri, Pasha
• Application Number:
  US10/991,539
• Publication Number:
  US 20050256809A1
• Time in Patent Office: Days
• US Class Current: 705/78
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising

Abstract

Disclosed are systems and methods for providing notifications of financial transactions to the owners of financial accounts. In one embodiment, a user proposes to transact business with a merchant by supplying certain account information to make an electronic payment. A merchant may then submit an authorization request to a clearing house, including details on the proposed transaction. After the clearing house processes the authorization request and verifies funds with the appropriate financial institution, a set of notification parameters may be accessed by the clearing house and used to provide the financial account owner with instant or near instant notification of the transaction. In another embodiment, a feedback request is delivered to the user along with a transaction notification.

Claims

1. A method comprising:

receiving an authorization request from a merchant for a financial account of a user, where said financial account is maintained by a financial institution and said authorization request relates to a proposed transaction between the user and the merchant;

exchanging financial information with the financial institution to respond to said authorization request;

responding to said authorization request by said merchant based on said exchanging financial information;

retrieving notification parameters for said user; and

providing a transaction notification to said user according to said notification parameters, where the transaction notification includes transaction details for a completed transaction with said merchant.

2. The method of claim 1, wherein receiving comprises receiving a request from the merchant for an electronic payment funds from the financial account of the user.

3. The method of claim 2, wherein receiving comprises receiving the request from said merchant for said electronic payment, where said financial account is a bank account and said financial institution is a bank.

4. The method of claim 1, wherein said exchanging comprises exchanging information with the financial institution relating to said financial account and to the proposed transaction.

5. The method of claim 1, wherein said responding comprises authorizing said proposed transaction when said financial account contains sufficient funds for said proposed transaction, and wherein said responding further comprises denying said proposed transaction when said financial account contains insufficient funds for said proposed transaction.

6. The method of claim 1, wherein retrieving comprises retrieving notification parameters that were previously provided by said user and associated with the financial account.

7. The method of claim 1, wherein providing a transaction notification comprises providing a transaction notification to said user according to said notification parameters, where the transaction notification includes at least one of a time, an amount, a merchant name and a location of the completed transaction.

8. The method of claim 1, wherein said receiving the authorization request, said exchanging financial information, said responding to the authorization request, said retrieving notification parameters, and said providing the transaction notification all occur over wireless communication links.

9. The method of claim 1, wherein providing a transaction notification comprises providing the transaction notification to said user according to said notification parameters using at least one of email, SMS messaging, paging and instant messaging.

10. The method of claim 1, wherein said retrieving comprises retrieving notification parameters for said user, where said notification parameters include information for filtering which transactions the user will be notified of.

11. The method of claim 1, wherein said providing a transaction notification comprises providing a transaction notification to said user according to said notification parameters, where the transaction notification includes transaction details for the completed transaction with said merchant, and further includes a feedback request relating to said merchant.

12. The method of claim 11, further comprising receiving feedback over a wireless communications link from said user relating to the completed transaction with said merchant, said feedback to be provided in response to said feedback request.

13. The method of claim 1, wherein said providing the transaction notification comprises providing a batch transaction notification to said user according to said notification parameters, where the batch transaction notification includes transaction details for a plurality of transactions with a plurality of merchants.

14. The method of claim 1, wherein said providing the transaction notification comprises updating a remote server with said transaction details, and wherein the method further comprises accessing said remote server over a network, and reviewing a plurality of recent transactions associated with said financial account, including said completed transaction.

15. A system comprising:

a network;

a merchant terminal coupled to the network;

a first server, coupled to the network, to maintain a user'"'"'s financial account, wherein said second server is associated with a financial institution; and

,

a second server coupled to the network to,

receive and process an authorization request from said merchant terminal to access said financial account, wherein said authorization request relates to a proposed transaction with said merchant,

exchange financial information with said first server to respond to said authorization request,

respond to said authorization request based on said financial information exchanged with the first server,

retrieve notification parameters for said user from said first server, and

provide a transaction notification to said user according to said notification parameters, where the transaction notification includes transaction details for a completed transaction with said merchant.

16. The system of claim 15, wherein said authorization request is a request by said merchant to receive an electronic payment from the financial account of the user.

17. The system of claim 16, wherein said financial account is a bank account and said financial institution is a bank.

18. The system of claim 15, wherein said financial information includes information relating to said financial account and to the proposed transaction.

19. The system of claim 15, wherein the second server responds to the authorization request by authorizing the proposed transaction when said financial account contains sufficient funds for said proposed transaction, and wherein the second server further responds to the authorization request by denying the proposed transaction when said financial account contains insufficient funds for said proposed transaction.

20. The system of claim 15, wherein said notification parameters are provided by said user and are associated with the financial account.

21. The system of claim 15, wherein the transaction notification includes at least one of a time, an amount, a merchant name and a location of the proposed transition.

22. The system of claim 15, wherein said network is an electronic payment network.

23. The system of claim 15, wherein the transaction notification is provided by said second server using at least one of email, SMS messaging, paging and instant messaging.

24. The system of claim 15, wherein said notification parameters include information for filtering which transactions the user will be notified of.

25. The system of claim 15, wherein said transaction notification includes transaction details for a transaction with said merchant, and further includes a feedback request relating to said merchant.

26. The system of claim 25, wherein said second server is further to receive feedback from said user relating to the proposed transaction with said merchant, said feedback to be provided in response to said feedback request.

27. The system of claim 15, wherein said second server, in order to provide the transaction notification, provides a batch transaction notification to said user according to said notification parameters, where the batch transaction notification includes transaction details for a plurality of transactions with a plurality of merchants.

28. The system of claim 15, wherein said second server, in order to provide the transaction notification, updates a user account with said transaction details, and wherein the second server is to be configured to allow said user to access said user account over said network to review a plurality of recent transactions associated with said financial account, including said completed transaction.

29. A method for providing a transaction notification comprising:

receiving an authorization request from a merchant relating to a proposed transaction between a user and said merchant, wherein said authorization request is a request for funds from a financial account of said user, where said financial account is maintained by a financial institution;

verifying with the financial institution that said financial account contains sufficient funds for the proposed transaction;

authorizing said proposed transaction when said financial account contains sufficient funds for said proposed transaction;

retrieving notification parameters for said user; and

,

providing said transaction notification to said user according to said notification parameters, where the transaction notification includes transaction details for a completed transaction with said merchant.

30. The method of claim 29, wherein retrieving comprises retrieving notification parameters that were previously provided by said user and associated with the financial account.

31. The method of claim 29, wherein providing a transaction notification comprises providing a transaction notification to said user according to said notification parameters, where the transaction notification includes at least one of a time, an amount, a merchant name and a location of the completed transaction.

32. The method of claim 29, wherein receiving the authorization request, verifying with the financial institution, authorizing said proposed transaction, retrieving notification parameters, and providing the transaction notification all occur over wireless communication links.

33. The method of claim 29, wherein providing a transaction notification comprises providing the transaction notification to said user according to said notification parameters using at least one of email, SMS messaging, paging and instant messaging.

34. The method of claim 29, wherein said retrieving comprises retrieving notification parameters for said user, where said notification parameters include information for filtering which transactions the user will be notified of.

35. The method of claim 29, wherein said providing a transaction notification comprises providing a transaction notification to said user according to said notification parameters, where the transaction notification includes transaction details for the completed transaction with said merchant, and further includes a feedback request relating to said merchant.

36. The method of claim 35, further comprising receiving feedback from said user relating to the completed transaction with said merchant, said feedback to be provided in response to said feedback request.

37. The method of claim 29, wherein said providing the transaction notification comprises providing a batch transaction notification to said user according to said notification parameters, where the batch transaction notification includes transaction details for a plurality of transactions with a plurality of merchants.

38. The method of claim 29, wherein said providing the transaction notification comprises updating a remote server with said transaction details, and wherein the method further comprises providing access to said remote server over a network, and enabling said user to review a plurality of recent transactions associated with said financial account, including said completed transaction.