Payment management
First Claim
Patent Images
1. A method for a payor paying a payee using a payment account, the method comprising:
- receiving selection at a point of sale (POS) terminal that a payor desires to use a payment enabler, wherein the POS terminal is located within a retail merchant;
the payment enabler retrieving, from a user database, information on a plurality of payment accounts that comprise a first payment account and a second payment account;
the payment enabler sending the first payment account and the second payment account to the POS terminal;
the POS terminal presenting the first payment account and the second payment account for selection by the payor;
the POS terminal receiving the selection of the first payment account;
the POS terminal sending the selection to the payment enabler;
before the payment is sent for authorization, the payment enabler determining the first payment account is inadequate in some respect to pay the payee;
in response to determining the first payment account is inadequate, the payment enabler suggesting a second payment account to the payor; and
the payment enabler paying the payee with the second payment account.
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Abstract
According to the invention, a method for a payor paying a payee using a payment account is disclosed. In one step, information on a number of payment accounts is retrieved. The payment accounts comprise a first payment account and a second payment account. Selection of the first payment account is received. It is determined that the first payment account is inadequate in some respect to pay the payee. A second payment account is suggested to the payor. Which second payment account is suggested could come from the payor'"'"'s and/or payee'"'"'s preferences in various embodiments. The payee is paid with the second payment account.
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Citations
22 Claims
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1. A method for a payor paying a payee using a payment account, the method comprising:
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receiving selection at a point of sale (POS) terminal that a payor desires to use a payment enabler, wherein the POS terminal is located within a retail merchant; the payment enabler retrieving, from a user database, information on a plurality of payment accounts that comprise a first payment account and a second payment account; the payment enabler sending the first payment account and the second payment account to the POS terminal; the POS terminal presenting the first payment account and the second payment account for selection by the payor; the POS terminal receiving the selection of the first payment account; the POS terminal sending the selection to the payment enabler; before the payment is sent for authorization, the payment enabler determining the first payment account is inadequate in some respect to pay the payee; in response to determining the first payment account is inadequate, the payment enabler suggesting a second payment account to the payor; and the payment enabler paying the payee with the second payment account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for a payor paying a payee using a payment account, the method comprising:
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a payment enabler receiving one or more payor preferences, wherein one of the payor preferences is an incentive to sort a plurality of accounts; the payment enabler receiving a purchase selection; in response to receiving the purchase selection, the payment enabler retrieving information on a plurality of payment accounts that comprises the payment account, wherein the information comprises the payor preferences; the payment enabler prioritizing the plurality of payment accounts according to the incentive provided in the retrieved payor preferences; the payment enabler providing the plurality of payment accounts to the payor; the payment enabler receiving selection of the payment account from the plurality of payment accounts; in response to receiving selection of a payment account and before the payment is sent for authorization, the payment enabler determining the selected payment account is inadequate in some respect to pay the payee; in response to determining the selected payment account is inadequate, the payment enabler suggesting a second payment account to the payor; the payment enabler receiving authorization to send the payment with the second payment account to the payor; and the payment enabler transferring a payment from the payor to the payee with the second payment account. - View Dependent Claims (11, 12, 13, 14, 15)
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16. A method for a payor paying a payee using a payment account, the method comprising:
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a payment enabler receiving a request to transfer payment from the payor to the payee; the payment enabler retrieving information on a plurality of payment accounts that comprises the payment account and an alternative payment account; the payment enabler determining the payment account to list first with respect to the plurality of payment accounts; the payment enabler listing the plurality of payment accounts; before sending an authorization for payment and in response to receiving the request, the payment enabler suggesting the alternative payment account that is different from the payment account; and the payment enabler transferring payment from the payor to the payee with at least one of the plurality of payment accounts. - View Dependent Claims (17, 18, 19, 20, 21, 22)
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Specification