METHOD AND SYSTEM FOR ON DEMAND DAILY DEAL SETTLEMENT
First Claim
1. A method for initiating and processing a financial transaction, comprising:
- receiving and accumulating the value of one or more deal redemptions;
receiving, by a receiving device, a request for payment, wherein the request for payment includes at least a merchant identifier, a payer identifier, and a transaction amount;
identifying, by a processing device, a controlled payment number, wherein the controlled payment number is restricted to a payee and the transaction amount;
initiating a financial transaction for the transaction amount between a payer corresponding to the payer identifier and the payee, wherein the controlled payment number is used for payment of the financial transaction; and
processing, by the processing device, the financial transaction.
1 Assignment
0 Petitions
Accused Products
Abstract
A method for initiating and processing a financial transaction includes: receiving and accumulating the value of one or more deal redemptions; receiving, by a receiving device, a request for payment, wherein the request for payment includes at least a merchant identifier, a payer identifier, and a transaction amount; identifying, by a processing device, a controlled payment number, wherein the controlled payment number is restricted to a merchant corresponding to the merchant identifier and the transaction amount; initiating a financial transaction for the transaction amount between a payer corresponding to the payer identifier and the merchant, wherein the controlled payment number is used for the payment of the financial transaction; and processing, by the processing device, the financial transaction.
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Citations
14 Claims
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1. A method for initiating and processing a financial transaction, comprising:
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receiving and accumulating the value of one or more deal redemptions; receiving, by a receiving device, a request for payment, wherein the request for payment includes at least a merchant identifier, a payer identifier, and a transaction amount; identifying, by a processing device, a controlled payment number, wherein the controlled payment number is restricted to a payee and the transaction amount; initiating a financial transaction for the transaction amount between a payer corresponding to the payer identifier and the payee, wherein the controlled payment number is used for payment of the financial transaction; and processing, by the processing device, the financial transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for initiating and processing a financial transaction, comprising:
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a receiving device configured to receive and accumulate the value of one or more deal redemptions, and receive a request for payment, wherein the request for payment includes at least a merchant identifier, a payer identifier, and a transaction amount; and a processing device configured to identify a controlled payment number, wherein the controlled payment number is restricted to a payee and the transaction amount, initiate a financial transaction for the transaction amount between a payer corresponding to the payer identifier and the payee, wherein the controlled payment number is used for payment of the financial transaction, and processing the financial transaction. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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Specification