Method and apparatus for facilitating online payment transactions in a network-based transaction facility
First Claim
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1. A system to transfer payment to a seller associated with a transaction facility, the system comprising:
- a risk management system to perform an evaluation of a risk level involved in a payment transaction, the risk management system including memory for storing, and one or more processors for executing, a scoring algorithm based on seller-specific criteria; and
a payment processing system configured to process a payment based on the evaluation, wherein timing for release of the payment to the seller varies according to the evaluation.
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Abstract
A method and a system to transfer payment to a seller associated with a transaction facility. In one aspect, a risk level involved in a payment transaction using a scoring algorithm is evaluated based on seller-specific criteria; and a payment is processed based on the evaluation.
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Citations
15 Claims
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1. A system to transfer payment to a seller associated with a transaction facility, the system comprising:
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a risk management system to perform an evaluation of a risk level involved in a payment transaction, the risk management system including memory for storing, and one or more processors for executing, a scoring algorithm based on seller-specific criteria; and a payment processing system configured to process a payment based on the evaluation, wherein timing for release of the payment to the seller varies according to the evaluation. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method of transferring payment to a seller associated with a network-based transaction facility, the method comprising:
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using a processor to implement a risk management system to perform an evaluation of a risk level involved in a payment transaction associated with the network-based transaction facility, the evaluation using a scoring algorithm and being based on seller-specific criteria; and using one or more processors associated with the network-based transaction facility for processing a payment based on the evaluation, wherein timing for release of the payment to the seller varies according to the evaluation. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A non-transitory machine-readable storage medium storing instructions that, when executed by a computer, cause the computer to perform a method comprising:
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performing an evaluation of a risk level involved in a payment transaction associated with the network-based transaction facility, the evaluation using a scoring algorithm and seller-specific criteria; and processing a payment based on the evaluation, wherein timing for release of the payment to the seller varies according to the evaluation.
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14. A computerized system to transfer payment to a seller associated with a transaction facility, the computerized system comprising:
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means for evaluating a risk level involved in a payment transaction, the means including memory for storing, and one or more processors for executing, a scoring algorithm and based on seller-specific criteria, and means for processing a payment based on the evaluation, wherein timing for release of the payment to the seller varies according to the evaluation. - View Dependent Claims (15)
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Specification