Methods and Systems for Preauthorizing Venue-Based Credit Accounts

• US 20090055269A1
• Filed: 08/21/2008
• Published: 02/26/2009
• Est. Priority Date: 08/21/2007
• Status: Abandoned Application

• Current Assignee: Daniel Jonathan Baron
• Original Assignee: Daniel Jonathan Baron
• Inventors: Baron, Daniel Jonathan
• Application Number:
  US12/196,005
• Publication Number:
  US 20090055269A1
• Time in Patent Office: Days
• US Class Current: 705/14.140
• 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 30/0212 Chance discounts or incentives
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method and system for third party preauthorization of spending at a venue. The third party activates, on behalf of a user, a venue-based credit account for a spending transaction. The transaction is enabled only after at a user and/or a user-designee authorize the venue to open the venue-based credit account. The third party activates the venue-based credit account by providing a credit status of the user to the venue on behalf of the user and deactivates the venue-based credit account, by financially settling the transaction on behalf of the user, only after a triggering event.

Claims

1. A method for a third party to preauthorize spending at a venue, said method comprising:

provisioning, on behalf of a user, a venue-based credit account for a spending transaction,

enabling said transaction only after at least one of the user and a user-designee authorizes the venue to activate the provisioned venue-based credit account, and the third party provides, on behalf of the user, a credit status of the user to the venue; and

deactivating the venue-based credit account only after a triggering event, said deactivating step comprising the third party financially settling the transaction on behalf of the user.

2. The method of claim 1, wherein the third party comprises a business enterprise operating at least one of a Web site and other equipment adapted to interact with the user, and to provision the venue-based credit account.

3. The method of claim 2, wherein the business enterprise operates at least one Internet web site hosted by at least one server.

4. The method of claim 3, wherein activating the venue-based credit account comprises creating a virtual ticket within a point of sale processing system associated with the venue.

5. The method of claim 3, wherein the triggering event comprises at least one of the user and the venue deactivating the venue-based credit account.

6. The method of claim 3, wherein the triggering event comprises expiration of a period of time.

7. The method of claim 3, wherein the third party receives user-payment-guarantee means from the user.

8. The method of claim 7, wherein the credit status of the user and the user-payment-guarantee means are identical.

9. The method of claim 3, wherein the third party receives a request from the user to provision the venue-based credit account while the user is located at the venue.

10. The method of claim 3, wherein the third party receives a request from the user to provision the venue-based credit account while the user is located away from the venue.

11. The method of claim 3, wherein the third party receives a request from the user through an interactive response system interface.

12. The method of claim 11 wherein the interactive response system is accessible to the user by telephone.

13. The method of claim 3, wherein the third party receives a request from the user via the Internet web site.

14. The method of claim 3, wherein a request of the user to provision a venue-based credit account comprises at least one user preference and the step of provisioning comprises informing the venue of the at least one user preference.

15. The method of claim 14, wherein the user preference comprises at least one of a gratuity, a method of calculating a gratuity amount, and acceptance of a gratuity policy set by the venue.

16. The method of claim 14, wherein the user preference comprises a payment guarantee means.

17. The method of claim 16, wherein the payment guarantee means comprises at least one of a cash prepayment, a bank account, a credit card account, a debit card account, and a web-based payment guarantee.

18. The method of claim 3, wherein a request of the user to provision a venue-based credit account comprises at least one user reservation request and the step of provisioning comprises informing the venue of the reservation request and receiving an indication from the venue when the reservation request is confirmed.

19. The method of claim 18, wherein the user reservation request comprises identifying a specific table at the venue.

20. The method of claim 18, wherein the user reservation request comprises a request for bottle service.

21. The method of claim 20, wherein the user reservation request comprises identifying at least one of a quantity, a type and a brand of a beverage.

22. The method of claim 18, wherein the request of the user further comprises identification of invitees, and the provisioning step comprises forwarding invitations to said invitees.

23. The method of claim 18, wherein the user reservation request is a contingent reservation request.

24. The method of claim 23, wherein the user reservation request further comprises identification of co-hosts and the provisioning step further comprises forwarding a request for contribution to each of said co-hosts.

25. The method of claim 24, wherein the provisioning step further comprises receiving at least one of an acceptance and a declination of said request for contribution.

26. The method of claim 25, wherein the acceptance comprises co-host payment guarantee means.

27. The method of claim 3, wherein the credit status of the user provided to the venue comprises a credit guarantee.

28. The method of claim 27, wherein the credit guarantee comprises at least one of a bank account, credit card account, debit card account, and a web-based credit guarantee.

29. The method of claim 27, wherein the credit status of the user further comprises a spending limit associated with the credit guarantee.

30. The method of claim 27, wherein the credit status of the user excludes personal financial information of the user.

31. The method of claim 3, wherein, at least one of the user and the user-designee authorize the venue to activate the provisioned venue-based credit account by presenting at least one of a password, said password having been provided by the third party to the user and to the venue, a bank card, and a biometric indicator.

32. The method of claim 31, wherein the biometric indicator comprises at least one of a photo-ID and a signature.

33. The method of claim 3, wherein the venue comprises at least one of a restaurant, a bar, a night club, and a retail store.

34. The method of claim 3, wherein a request by the user to provision a venue-based credit account comprises identifying the user-designee.

35. The method of claim 3, wherein the business enterprise contracts with a plurality of venues whereby each of said plurality of venues undertakes to accept payment by way of a venue-based credit account.

36. The method of claim 1, wherein financially settling the transaction comprises providing a payment processor with transaction clearing information, said transaction clearing information comprising financial information of the user and merchant account information of the venue.

37. The method of claim 1, further comprising:

receiving by the third party an authorization to furnish the user with a virtual coupon; and

furnishing the user with a virtual coupon.

38. The method of claim 37, wherein the authorization is provided by at least one of a product manufacturer, a product distributor, and a merchant.

39. A system for a third party to preauthorize spending at a venue, said system comprising at least one server operated by the third party and adapted to:

communicate with the venue and a user;

provision, on behalf of the user, a venue-based credit account for a spending transaction

enable said transaction only after at least one of the user and a user-designee authorizes the venue to activate the provisioned venue-based credit account, by providing, on behalf of the user, a credit status of the user to the venue; and

deactivate the venue-based credit account only after a triggering event by financially settling the transaction on behalf of the user.

40. The system of claim 39, wherein the third party comprises a business enterprise operating at least one of a Web site and other equipment adapted to interact with the user, and to provision the venue-based credit account.

41. The system of claim 40, wherein the business enterprise operates at least one Internet web site hosted by the server.

42. The system of claim 41, wherein the system is further adapted to activate the venue-based credit account by creating a virtual ticket within a point of sale processing system associated with the venue.

43. The system of claim 41, wherein the triggering event comprises at least one of the user and the venue deactivating the venue-based credit account.

44. The system of claim 41, wherein the triggering event comprises expiration of a period of time.

45. The system of claim 41, wherein the third party receives user-payment-guarantee means from the user.

46. The system of claim 45, wherein the credit status of the user and the user-payment-guarantee means are identical.

47. The system of claim 41, wherein the third party receives a request from the user to provision the venue-based credit account while the user is located at the venue.

48. The system of claim 41, wherein the third party receives a request from the user to provision the venue-based credit account while the user is located away from the venue.

49. The system of claim 41, wherein the third party receives a request from the user through an interactive response system interface.

50. The system of claim 49 wherein the interactive response system is accessible to the user by telephone.

51. The system of claim 41, wherein the third party receives a request from the user via the Internet web site.

52. The system of claim 41, wherein a request of the user to provision a venue-based credit account comprises at least one user preference and the step of provisioning comprises informing the venue of the at least one user preference.

53. The system of claim 52, wherein the user preference comprises at least one of a gratuity, a method of calculating a gratuity amount, and acceptance of a gratuity policy set by the venue.

54. The system of claim 52, wherein the user preference comprises a payment guarantee means.

55. The system of claim 54, wherein the payment guarantee means comprises at least one of a cash prepayment, a bank account, a credit card account, a debit card account, and a web-based payment guarantee.

56. The system of claim 41, wherein a request of the user to provision a venue-based credit account comprises at least one user reservation request and the step of provisioning comprises informing the venue of the reservation request and receiving an indication from the venue when the reservation request is confirmed.

57. The system of claim 56, wherein the user reservation request comprises identifying a specific table at the venue.

58. The system of claim 56, wherein the user reservation request comprises a request for bottle service.

59. The system of claim 58, wherein the user reservation request comprises identifying at least one of a quantity, a type and a brand of a beverage.

60. The system of claim 56, wherein the request of the user further comprises identification of invitees, and the provisioning step comprises forwarding invitations to said invitees.

61. The system of claim 56, wherein the user reservation request is a contingent reservation request.

62. The system of claim 61, wherein the user reservation request further comprises identification of co-hosts and the provisioning step further comprises forwarding a request for contribution to each of said co-hosts.

63. The system of claim 62, wherein the provisioning step further comprises receiving at least one of an acceptance and a declination of said request for contribution.

64. The system of claim 63, wherein the acceptance comprises co-host payment guarantee means.

65. The system of claim 41, wherein the credit status of the user provided to the venue comprises a credit guarantee.

66. The system of claim 65, wherein the credit guarantee comprises at least one of a bank account, a credit card account, a debit card account, and a web-based credit guarantee.

67. The system of claim 65, wherein the credit status of the user further comprises a spending limit associated with the credit guarantee.

68. The system of claim 65, wherein the credit status of the user excludes personal financial information of the user.

69. The system of claim 41, wherein, at least one of the user and the user-designee authorize the venue to activate the provisioned venue-based credit account by presenting at least one of a password, said password having been provided by the third party to the user and to the venue, a bank card, and a biometric indicator.

70. The system of claim 69, wherein the biometric indicator comprises at least one of a photo-ID and a signature.

71. The system of claim 41, wherein the venue comprises at least one of a restaurant, a bar, a night club, and a retail store.

72. The system of claim 41, wherein a request by the user to provision a venue-based credit account comprises identifying the user-designee.

73. The system of claim 41, wherein the business enterprise contracts with a plurality of venues whereby each of said plurality of venues undertakes to accept payment by way of a venue-based credit account.

74. The system of claim 39, wherein financially settling the transaction comprises providing a payment processor with transaction clearing information, said transaction clearing information comprising financial information of the user and merchant account information of the venue.

75. The system of claim 39, wherein the system is further adapted to:

receive an authorization to furnish the user with a virtual coupon; and

furnish the user with a virtual coupon.

76. The system of claim 75, wherein the authorization is provided by at least one of a product manufacturer, a product distributor, and a merchant.