Business-to-business commerce using financial transaction numbers
First Claim
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1. A method of conducting commerce using controlled payment numbers (CPNs), comprising the steps of:
- receiving, by one or more computers of a computer system, a request for issuance of a CPN by a user as an authorized substitute for a customer account number, the CPN issuance request including user-defined controls on the use of the CPN and user-defined payment delay for deferring payments on authorized transactions using the CPN;
issuing, by the one or more computers, a CPN in response to said CPN issuance request;
linking, in a database, by the one or more computers of the computer system, said user-defined controls and said user-defined payment delay to the CPN and the customer account number to the CPN at the time of the CPN issuance request and issuance;
receiving, at the one or more computers, a request for authorization including transaction details on a transaction using the CPN;
authorizing, by the one or more computers, the request for authorization to a card issuer through a card processing network when the transaction details comply with the user-defined controls; and
deferring payment on the authorized transaction using the CPN according to the user-defined payment delay linked to the CPN in the database of the computer system,wherein the CPN is an authorized substitute for a customer account number in the card processing network that has user-defined controls on the use of the CPN in the card processing network including user-defined payment delay for deferring payments in the card processing network on authorized transactions using the CPN, and wherein the CPN is a number formatted identically to conventional financial transaction card numbers used in the card processing network.
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Abstract
Controlled Payment Numbers (CPNs) which issue as a unique payment number for each transaction uniquely identify the transaction for matching the purchase and payment information. The issuance of the CPN is controlled by business rules which are designed to and effectively restrict the use of the CPN, such that if a user exceeds his authorization, a CPN is not issued. The business rules are set up according to a hierarchy of users. Further, a declining balance CPN is also provided.
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Citations
6 Claims
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1. A method of conducting commerce using controlled payment numbers (CPNs), comprising the steps of:
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receiving, by one or more computers of a computer system, a request for issuance of a CPN by a user as an authorized substitute for a customer account number, the CPN issuance request including user-defined controls on the use of the CPN and user-defined payment delay for deferring payments on authorized transactions using the CPN; issuing, by the one or more computers, a CPN in response to said CPN issuance request; linking, in a database, by the one or more computers of the computer system, said user-defined controls and said user-defined payment delay to the CPN and the customer account number to the CPN at the time of the CPN issuance request and issuance; receiving, at the one or more computers, a request for authorization including transaction details on a transaction using the CPN; authorizing, by the one or more computers, the request for authorization to a card issuer through a card processing network when the transaction details comply with the user-defined controls; and deferring payment on the authorized transaction using the CPN according to the user-defined payment delay linked to the CPN in the database of the computer system, wherein the CPN is an authorized substitute for a customer account number in the card processing network that has user-defined controls on the use of the CPN in the card processing network including user-defined payment delay for deferring payments in the card processing network on authorized transactions using the CPN, and wherein the CPN is a number formatted identically to conventional financial transaction card numbers used in the card processing network. - View Dependent Claims (2, 3, 4, 5, 6)
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Specification