SYSTEM AND/OR METHOD FOR DYNAMIC DETERMINATION OF TRANSACTION PROCESSING FEES

• US 20080103966A1
• Filed: 10/31/2006
• Published: 05/01/2008
• Est. Priority Date: 10/31/2006
• Status: Abandoned Application

• Current Assignee: Xylon LLC (Intellectual Ventures LLC)
• Original Assignee: Xylon LLC (Intellectual Ventures LLC)
• Inventors: Foster, Chuck
• Application Number:
  US11/554,894
• Publication Number:
  US 20080103966A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Disclosed are a system and method of determining a fee for processing a non-cash transaction between a merchant and customer.

Claims

1. A method comprising:

receiving a request for payment to settle a non-cash transaction;

dynamically determining a transaction processing fee associated with said non-cash transaction in response to said request.

2. The method of claim 1, and further comprising determining said transaction processing fee based, at least in part, on a risk of default associated with a customer initiating the non-cash transaction.

3. The method of claim 1, and further comprising determining said transaction processing fee based, at least in part, on a transaction method associated with said non-cash transaction.

4. The method of claim 1, and farther comprising determining said transaction processing fee based, at least in part, on a volume purchase agreement associated with said non-cash transaction.

5. The method of claim 1, and further comprising determining said transaction processing fee based, at least in part, on an allowable delay associated with payment to settle said non-cash transaction.

6. The method of claim 1, and further comprising determining said transaction processing fee based, at least in part, on a payment schedule associated with payment to settle said non-cash transaction.

7. The method of claim 1, wherein said receiving said payment request further comprises receiving said payment request from a customer initiating said non-cash transaction.

8. The method of claim 1, wherein said receiving said payment request further comprises receiving said payment request from a merchant.

9. The method of claim 1, and further comprising determining said transaction processing fee based, at least in part, on a pre-negotiated schedule.

10. The method of claim 1, and further comprising notifying a merchant of said determined transaction processing fee.

11. The method of claim 1, and further comprising receiving said payment request from a merchant, said non-cash transaction being initiated from a website operated by said merchant.

12. The method of claim 1, and further comprising assessing said transaction processing fee to a merchant as a set off of funds to be paid to merchant to settle said non-cash transaction.

13. The method of claim 1, and further comprising assessing said transaction processing fee to a customer to be combined with a value of said non-cash transaction in an invoice to said customer to settle said non-cash transaction.

53. The method of claim 3, wherein said transaction method associated with said non-cash transaction comprises a transaction method selected from the group consisting of an in-person transaction, an on-line transaction and a transaction conducted over the phone.

14. An apparatus comprising:

a computing platform, the computing platform being adapted to;

receive a request for payment to settle a non-cash transaction;

dynamically determine a transaction processing fee associated with said non-cash transaction in response to said request.

15. The apparatus of claim 14, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on a risk of default associated with a customer initiating the non-cash transaction.

16. The apparatus of claim 14, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on a transaction method associated with said non-cash transaction.

17. The apparatus of claim 14, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on a volume purchase agreement associated with said non-cash transaction.

18. The apparatus of claim 14, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on an allowable delay associated with payment to settle said non-cash transaction.

19. The apparatus of claim 14, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on a payment schedule associated with payment to settle said non-cash transaction.

20. The apparatus of claim 14, wherein said computing platform is further adapted to receive said payment request from a customer initiating said non-cash transaction.

21. The apparatus of claim 14, wherein said computing platform is further adapted to receive said payment request from a merchant.

22. The apparatus of claim 14, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on a pre-negotiated schedule.

23. The apparatus of claim 14, wherein said computing platform is further adapted to notify a merchant of said determined transaction processing fee.

24. The apparatus of claim 14, wherein said computing platform is further adapted to receive said payment request from a merchant, said non-cash transaction being initiated from a website operated by said merchant.

25. The apparatus of claim 14, wherein said computing platform is further adapted to assess said transaction processing fee to a merchant as a set off of funds to be paid to merchant to settle said non-cash transaction.

26. The apparatus of claim 14, wherein said computing platform is further adapted to assess said transaction processing fee to a customer to be combined with a value of said non-cash transaction in an invoice to said customer to settle said non-cash transaction.

54. The apparatus of claim 16, wherein said transaction method associated with said non-cash transaction comprises a transaction method selected from the group consisting of an in-person transaction, an on-line transaction and a transaction conducted over the phone.

27. An article comprising:

a storage medium comprising machine-readable instructions stored thereon which, when executed, are adapted to cause a computing platform to;

dynamically determine a transaction processing fee associated with a non-cash transaction in response to receipt of a request for payment to settle said non-cash transaction.

28. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to determine said transaction processing fee based, at least in part, on a risk of default associated with a customer initiating the non-cash transaction.

29. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to determine said transaction processing fee based, at least in part, on a transaction method associated with said non-cash transaction.

30. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to determine said transaction processing fee based, at least in part, on a volume purchase agreement associated with said non-cash transaction.

31. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to determine said transaction processing fee based, at least in part, on an allowable delay associated with payment to settle said non-cash transaction.

32. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to determine said transaction processing fee based, at least in part, on a payment schedule associated with payment to settle said non-cash transaction.

33. The article of claim 27, wherein said payment request is received from a customer initiating said non-cash transaction.

34. The article of claim 27, wherein said payment request is received from a merchant.

35. The article of claim 27, wherein said computing platform is further adapted to determine said transaction processing fee based, at least in part, on a pre-negotiated schedule.

36. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing to notify a merchant of said determined transaction processing fee.

37. The article of claim 27, wherein said payment request is received from a merchant, said non-cash transaction being initiated from a website operated by said merchant.

38. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to assess said transaction processing fee to a merchant as a set off of funds to be paid to merchant to settle said non-cash transaction.

39. The article of claim 27, wherein said instructions, when executed, are further adapted to cause said computing platform to assess said transaction processing fee to a customer to be combined with a value of said non-cash transaction in an invoice to said customer to settle said non-cash transaction.

55. The article of claim 29, wherein said transaction method associated with said non-cash transaction comprises a transaction method selected from the group consisting of an in-person transaction, an on-line transaction and a transaction conducted over the phone.

40. A apparatus comprising:

means for receiving a request for payment to settle a non-cash transaction;

means for dynamically determining a transaction processing fee associated with said non-cash transaction in response to said request.

41. The apparatus of claim 40, and further comprising means for determining said transaction processing fee based, at least in part, on a risk of default associated with a customer initiating the non-cash transaction.

42. The apparatus of claim 40, and further comprising means for determining said transaction processing fee based, at least in part, on a transaction method associated with said non-cash transaction.

43. The apparatus of claim 40, and further comprising means for determining said transaction processing fee based, at least in part, on a volume purchase agreement associated with said non-cash transaction.

44. The apparatus of claim 40, and further comprising means for determining said transaction processing fee based, at least in part, on an allowable delay associated with payment to settle said non-cash transaction.

45. The apparatus of claim 40, and further comprising means for determining said transaction processing fee based, at least in part, on a payment schedule associated with payment to settle said non-cash transaction.

46. The apparatus of claim 40, wherein said means for receiving said payment request further comprises means for receiving said payment request from a customer initiating said non-cash transaction.

47. The apparatus of claim 40, wherein said means for receiving said payment request further comprises means for receiving said payment request from a merchant.

48. The apparatus of claim 40, and further comprising means for determining said transaction processing fee based, at least in part, on a pre-negotiated schedule.

49. The apparatus of claim 40, and further comprising means for notifying a merchant of said determined transaction processing fee.

50. The apparatus of claim 40, and further comprising means for receiving said payment request from a merchant, said non-cash transaction being initiated from a website operated by said merchant.

51. The apparatus of claim 40, and further comprising means for assessing said transaction processing fee to a merchant as a set off of funds to be paid to merchant to settle said non-cash transaction.

52. The apparatus of claim 40, and further comprising means for assessing said transaction processing fee to a customer to be combined with a value of said non-cash transaction in an invoice to said customer to settle said non-cash transaction.

56. The apparatus of claim 42, wherein said transaction method associated with said non-cash transaction comprises a transaction method selected from the group consisting of an in-person transaction, an on-line transaction and a transaction conducted over the phone.