TERMINATION OF TRANSACTIONS

• US 20080114684A1
• Filed: 10/31/2006
• Published: 05/15/2008
• Est. Priority Date: 10/31/2006
• Status: Abandoned Application

• Current Assignee: International Funding Partners LLC (Intellectual Ventures LLC)
• Original Assignee: International Funding Partners LLC (Intellectual Ventures LLC)
• Inventors: Foster, Chuck
• Application Number:
  US11/554,854
• Publication Number:
  US 20080114684A1
• Time in Patent Office: Days
• US Class Current: 705/51
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A system and method of terminating a transaction between a merchant and customer are disclosed.

Claims

1. A method comprising:

receiving information from a customer, said information being associated with said customer and an order for a transaction for a purchase of a good and/or service from a seller;

receiving metadata associated with said seller from a service other than said customer; and

selectively transmitting a payment notification to said seller for completion of said transaction based, at least in part, on metadata associated with said seller.

2. The method of claim 1, and further comprising inhibiting said transmission of said payment notification based, at least in part, on a risk profile associated with said customer.

3. The method of claim 2, and further comprising:

determining a first score based, at least in part, on said metadata; and

determining a second score based, at least in part, on said risk profile,

wherein said selectively transmitting a payment notification to said seller further comprises selectively transmitting said payment notification based, at least in part, on a comparison of said first and second scores.

4. The method of claim 1, and further comprising selectively terminating said transaction based, at least in part, on said metadata.

5. The method of claim 4, wherein said selectively terminating said transaction further comprises transmitting a termination message to said customer.

6. The method of claim 5, wherein said selectively terminating said transaction further comprises transmitting a termination message to said seller.

7. The method of claim 1, wherein said metadata associated with said seller comprises information descriptive of goods and/or services available by said seller.

8. The method of claim 1, wherein said metadata associated with said seller comprises information descriptive of a location of said seller.

9. The method of claim 1, wherein said metadata further comprises an indication as to whether said seller is associated with a party on a criminal watch list.

10. The method of claim 1, wherein said metadata further comprises information indicative of a degree of commoditization of at least one good and/or service offered by said seller.

11. The method of claim 1, and further comprising determining whether to complete said transaction based, at least in part, on a comparison of said metadata and a risk profile associated with said consumer.

12. The method of claim 1, and further comprising receiving said metadata from a trusted source.

13. The method of claim 1, wherein at least a portion of said metadata is derived from a government database.

14. The method of claim 1, wherein said service comprises a Web service.

15. The method of claim 1, wherein said seller comprises a merchant of said good and/or service.

16. The method of claim 15, and further comprising adjusting a credit and/or debit account associated with said customer in response to completion of said transaction.

17. An apparatus comprising:

a computing platform, said computing platform being adapted to;

receive information from a customer, said information being associated with said customer and an order for a transaction for a purchase of a good and/or service from a seller;

receive metadata associated with said seller from a service other than said customer; and

selectively transmit a payment notification to said seller for completion of said transaction based, at least in part, on metadata associated with said seller.

18. The apparatus of claim 17, wherein said computing platform is further adapted to inhibit said transmission of said payment notification based, at least in part, on a risk profile associated with said customer.

19. The apparatus of claim 18, wherein said computing platform is further adapted to:

determine a first score based, at least in part, on said metadata;

determine a second score based, at least in part, on said risk profile; and

selectively transmit said a payment notification based, at least in part, on a comparison of said first and second scores.

20. The apparatus of claim 17, wherein said computing platform is further adapted to selectively terminate said transaction based, at least in part, on said metadata.

21. The apparatus of claim 20, wherein said computing platform is further adapted to selectively terminate said transaction by transmitting a termination message to said customer.

22. The apparatus of claim 21, wherein said computing platform is further adapted to selectively terminate said transaction by transmitting a termination message to said seller.

23. The apparatus of claim 17, wherein said metadata associated with said seller comprises information descriptive of goods and/or services available by said seller.

24. The apparatus of claim 17, wherein said metadata associated with said seller comprises information descriptive of a location of said seller.

25. The apparatus of claim 17, wherein said metadata further comprises an indication as to whether said seller is associated with a party on a criminal watch list.

26. The apparatus of claim 17, wherein said metadata further comprises information indicative of a degree of commoditization of at least one good and/or service offered by said seller.

27. The apparatus of claim 17, wherein said computing platform is further adapted to determining whether to complete said transaction based, at least in part, on a comparison of said metadata and a risk profile associated with said consumer.

28. The apparatus of claim 17, wherein said metadata is provided by a trusted source.

29. The apparatus of claim 17, wherein at least a portion of said metadata is derived from a government database.

30. The apparatus of claim 17, wherein said service comprises a Web service.

31. The apparatus of claim 17, wherein said seller comprises a merchant of said good and/or service.

32. The apparatus of claim 31, wherein said computing platform is further adapted to adjust a credit and/or debit account associated with said customer in response to completion of said transaction.

33. A apparatus comprising:

means for receiving information from a customer, said information being associated with said customer and an order for a transaction for a purchase of a good and/or service from a seller;

means for receiving metadata associated with said seller from a service other than said customer; and

means for selectively transmitting a payment notification to said seller for completion of said transaction based, at least in part, on metadata associated with said seller.

34. The apparatus of claim 33, and further comprising means for inhibiting said transmission of said payment notification based, at least in part, on a risk profile associated with said customer.

35. The apparatus of claim 34, and further comprising:

means for determining a first score based, at least in part, on said metadata; and

means for determining a second score based, at least in part, on said risk profile,

wherein said means for selectively transmitting a payment notification to said seller further comprises means for selectively transmitting said payment notification based, at least in part, on a comparison of said first and second scores.

36. The apparatus of claim 33, and further comprising means for selectively terminating said transaction based, at least in part, on said metadata.

37. The apparatus of claim 36, wherein said means for selectively terminating said transaction further comprises means for transmitting a termination message to said customer.

38. The apparatus of claim 37, wherein said means for selectively terminating said transaction further comprises means for transmitting a termination message to said seller.

39. The apparatus of claim 33, wherein said metadata associated with said seller comprises information descriptive of goods and/or services available by said seller.

40. The apparatus of claim 33, wherein said metadata associated with said seller comprises information descriptive of a location of said seller.

41. The apparatus of claim 33, wherein said metadata further comprises an indication as to whether said seller is associated with a party on a criminal watch list.

42. The apparatus of claim 33, wherein said metadata further comprises information indicative of a degree of commoditization of at least one good and/or service offered by said seller.

43. The apparatus of claim 33, and further comprising means for determining whether to complete said transaction based, at least in part, on a comparison of said metadata and a risk profile associated with said consumer.

44. The apparatus of claim 33, and further comprising means for receiving said metadata from a trusted source.

45. The apparatus of claim 33, wherein at least a portion of said metadata is derived from a government database.

46. The apparatus of claim 33, wherein said service comprises a Web service.

47. The apparatus of claim 33, wherein said seller comprises a merchant of said good and/or service.

48. The apparatus of claim 47, and further comprising means for adjusting a credit and/or debit account associated with said customer in response to completion of said transaction.

49. An article comprising:

a storage medium comprising machine-readable instructions thereon which, when executed, enable a computing platform to perform the following;

receive information from a customer, said information being associated with said customer and an order for a transaction for a purchase of a good and/or service from a seller;

receive metadata associated with said seller from a service other than said customer; and

selectively transmit a payment notification to said seller for completion of said transaction based, at least in part, on metadata associated with said seller.