Automatic termination of electronic transactions
First Claim
Patent Images
1. A method comprising:
- a computer system electronically receiving a request from a customer to select at least one good or service for purchase from a first merchant at a first price as a non-cash transaction, wherein the purchase is on behalf of an entity, and wherein the computer system includes a processor and a memory;
the computer system electronically receiving information identifying one or more current offers for the at least one good or service, wherein the one or more current offers are from one or more merchants other than the first merchant, and wherein at least one of the one or more current offers specifies a second price for the at least one good or service that is less than the first price; and
the computer system automatically terminating the non-cash transaction responsive to a purchasing policy for the entity prohibiting the non-cash transaction based at least in part on the second price for the at least one good or service being less than the first price.
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Abstract
A system and method of terminating a transaction between a merchant and customer are disclosed.
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Citations
36 Claims
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1. A method comprising:
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a computer system electronically receiving a request from a customer to select at least one good or service for purchase from a first merchant at a first price as a non-cash transaction, wherein the purchase is on behalf of an entity, and wherein the computer system includes a processor and a memory; the computer system electronically receiving information identifying one or more current offers for the at least one good or service, wherein the one or more current offers are from one or more merchants other than the first merchant, and wherein at least one of the one or more current offers specifies a second price for the at least one good or service that is less than the first price; and the computer system automatically terminating the non-cash transaction responsive to a purchasing policy for the entity prohibiting the non-cash transaction based at least in part on the second price for the at least one good or service being less than the first price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer system including a processor and a memory, wherein said processor is configured to execute instructions stored in said memory to cause said computer system to:
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electronically receive a request from a customer to select at least one good or service for purchase from a first merchant at a first price as a non-cash transaction, wherein the purchase is on behalf of an entity; electronically receive information specifying one or more current offers for the at least one good or service, wherein the one or more current offers are from one or more merchants other than the first merchant, and wherein at least one of the one or more current offers specifies a second price for the at least one good or service that is less than the first price; and automatically terminate the non-cash transaction based, at least in part, on a purchasing policy for the entity prohibiting the non-cash transaction based on the second price for the at least one good or service being less than the first price. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A non-transitory computer-readable storage medium having stored thereon computer-executable instructions that are executable by a computing device including a processor and a memory to cause the computing device to perform operations comprising:
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electronically receiving a request from a customer to select at least one good or service for purchase from a first merchant at a first price as a non-cash transaction, wherein the purchase is on behalf of an entity; electronically receiving information identifying one or more current offers for the at least one good or service, wherein the one or more current offers are from one or more merchants that are not the first merchant, and wherein the one or more current offers specify a second price for the at least one good or service that is less than the first price; and automatically terminating the non-cash transaction based, at least in part, on a purchasing policy for the entity prohibiting the non-cash transaction based on the second price for the at least one good or service being less than the first price. - View Dependent Claims (27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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Specification