PROCESSING TRANSACTIONS

• US 20080114691A1
• Filed: 10/31/2006
• Published: 05/15/2008
• 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:
  US11/554,865
• Publication Number:
  US 20080114691A1
• Time in Patent Office: Days
• US Class Current: 705/52
• 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 an order from one of a plurality of customers initiating a transaction to purchase a good and/or service from a merchant; and

selectively transmitting a payment notification to said merchant based, at least in part, on a privilege level associated with said customer.

2. The method of claim 1, wherein said selectively transmitting said payment notification further comprises selectively transmitting said payment notification based, at least in part, on metadata associated with said merchant.

3. The method of claim 1, wherein said plurality of customers are associated with a credit account, and further comprising affecting an account balance of said credit account in response to completion of said transaction.

4. The method of claim 3, wherein said plurality of customers comprise individuals associated with an enterprise, and wherein said credit account is established on behalf of said enterprise.

5. The method of claim 3, wherein said credit account is associated with one or more credit account numbers.

8. The method of claim 1, wherein said order comprises a credit account number comprising a first field associated with a main account and a second field, the method further comprising determining said privilege level associated with said customer based, at least in part, on said second field.

9. The method of claim 1, and further comprising selectively terminating said transaction in response to said privilege level being insufficient to purchase said good and/or service.

10. The method of claim 1, wherein said transaction comprises a transaction to purchase a good, and wherein said selectively transmitting said payment notification further comprises selectively transmitting said payment notification based, at least in part, on whether said good is depreciable.

11. The method of claim 1, wherein said receiving said order from one of a plurality of customers initiating a transaction to purchase a good and/or service from a merchant farther comprises receiving information from said customer over an Internet Protocol.

12. The method of claim 1, and further comprising determining whether said purchase is subject to a competitive bid requirement based, at least in part, on said privilege level associated with said customer, and wherein said selectively transmitting said payment notification further comprises transmitting said payment notification in response to said purchase meeting said competitive bid requirement.

13. The method of claim 1, and further comprising determining whether said purchase is subject to a price limit based, at least in part, on said privilege level associated with said customer, and wherein said selectively transmitting said payment notification further comprises transmitting said payment notification in response to said purchase meeting said price requirement.

14. The method of claim 13, wherein said order comprises a purchase price, and further comprising obtaining an approximated price associated with said purchase, and wherein said selectively transmitting said payment notification further comprises transmitting said payment notification in response to said purchase price not exceeding said approximated price by a predetermined amount.

15. The method of claim 14, wherein said predetermined amount is based, at least in part, on said privilege level associated with said customer.

16. The method of claim 1, and further comprising determining whether said purchase is subject to a preferred vendor requirement based, at least in part, on said privilege level associated with said customer, and wherein said selectively transmitting said payment notification further comprises transmitting said payment notification in response to said merchant meeting said preferred vendor requirement.

17. The method of claim 1, wherein said order identifies a first vendor, and further comprising

18. The method of claim 1, wherein said order identifies a selected merchant, the method further comprising determining whether said purchase is subject to a preferred vendor requirement based, at least in part, on said privilege level associated with said customer.

19. The method of claim 18, wherein said selectively transmitting said payment notification further comprises enabling transmission of said payment notification to said selected merchant in response to said preferred vendor being incapable of filling said order.

20. The method of claim 19, and further comprising determining whether said preferred vendor is incapable of filling said order by determining whether said preferred has sufficient stock to fill said order.

6. The method of 1, wherein said order comprises an account number associated with said privilege level associated with said customer.

7. The method of claim 6, wherein said one or more credit account numbers comprise a first field associated with a main account and a second field associated with a privilege level.

21. A method comprising:

maintaining a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

receiving an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant; and

selectively enabling completion of said transaction based, at least in part, on a privilege level associated with said customer.

22. The method of claim 21, wherein said completing said transaction further comprises:

transmitting a confirmation message to said customer; and

adjusting a balance associated with said credit account by an amount based, at least in part, on a price associated with said transaction.

23. The method of claim 21, wherein said wherein said selectively completing said transaction further comprises initiating providing said good and/or service specified in said order.

24. A method comprising:

maintaining a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

receiving an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant, said one of a plurality of customers being associated with a customer privilege level; and

selectively enabling completion of said transaction in response to said customer privilege level meeting a predetermined privilege level.

25. An apparatus comprising:

a computing platform, said computing platform being adapted to;

receive an order from one of a plurality of customers initiating a transaction to purchase a good and/or service from a merchant; and

selectively transmit a payment notification to said merchant based, at least in part, on a privilege level associated with said customer.

26. An apparatus, said apparatus comprising:

a computing platform, said computing platform being adapted to;

maintain a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

receive an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant; and

selectively enable completion of said transaction based, at least in part, on a privilege level associated with said customer.

27. An apparatus comprising:

a computing platform, said computing platform being adapted to;

maintain a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

receive an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant, said one of a plurality of customers being associated with a customer privilege level; and

selectively enable completion of said transaction in response to said customer privilege level meeting a predetermined privilege level.

28. An article comprising:

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

receive an order from one of a plurality of customers initiating a transaction to purchase a good and/or service from a merchant; and

selectively transmit a payment notification to said merchant based, at least in part, on a privilege level associated with said customer.

29. An article comprising:

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

maintain a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

receive an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant; and

selectively enable completion of said transaction based, at least in part, on a privilege level associated with said customer.

30. An article comprising:

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

maintain a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

receive an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant, said one of a plurality of customers being associated with a customer privilege level; and

selectively enable completion of said transaction in response to said customer privilege level meeting a predetermined privilege level.

31. An apparatus comprising:

means for receiving an order from one of a plurality of customers initiating a transaction to purchase a good and/or service from a merchant; and

means for selectively transmitting a payment notification to said merchant based, at least in part, on a privilege level associated with said customer.

32. An apparatus comprising:

means for maintaining a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

means for receiving an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant; and

means for selectively enabling completion of said transaction based, at least in part, on a privilege level associated with said customer.

33. An apparatus comprising:

means for maintaining a credit account for payment in the purchase of goods and/or services on behalf of an entity associated with said credit account;

means for receiving an order from one of a plurality of customers associated with said entity, said order initiating a transaction to purchase a good and/or service from a merchant, said one of a plurality of customers being associated with a customer privilege level; and

means for selectively enabling completion of said transaction in response to said customer privilege level meeting a predetermined privilege level.