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Method and system for closed loop collect on delivery (C.O.D.) payments

  • US 8,612,346 B2
  • Filed: 09/26/2002
  • Issued: 12/17/2013
  • Est. Priority Date: 05/10/2002
  • Status: Active Grant
First Claim
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1. A method for a carrier to deliver goods to a buyer from a shipper comprising:

  • receiving an encrypted authorization message, the encrypted authorization message being previously generated by a payment system and being associated with the goods being delivered and requiring a first cryptographic key and a corresponding second cryptographic key to decrypt;

    receiving the first cryptographic key;

    receiving the second cryptographic key from the buyer;

    inputting the encrypted authorization message, the first cryptographic key and the second cryptographic key into a field operable processing device;

    operating the field operable processing device to decrypt the encrypted authorization message using the first cryptographic key and the second cryptographic key; and

    upon successful decryption of the encrypted authorization message by the field operable processing device, delivering the goods to the buyer and providing confirmation of the delivery of the goods to the payment system,wherein payment for the goods will be made by the payment system to the shipper on behalf of the buyer.

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