Conducting commerce between individuals

• US 9,665,863 B2
• Filed: 04/18/2012
• Issued: 05/30/2017
• Est. Priority Date: 02/19/1999
• Status: Expired due to Term

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Matsuda, Paul, Perry, Sara E., Wilk, Tracy L.
• Primary Examiner(s): YU, ARIEL J
• Application Number:
  US13/450,298
• Publication Number:
  US 20120203654A1
• Time in Patent Office: 1,868 Days
• Field of Search: None
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Receiving payment includes the establishment, at a first server, a transaction record including information identifying a payment amount, a first account to be credited by the payment amount, and a second account to be debited by a debit amount. A financial authorization network performs an authorization analysis on at least the second account. The second account is debited if the authorization analysis is successfully completed, and the first account is directly credited by the payment amount to conclude the transaction. Risk analysis may be performed for each individual. Payment is integrated with shipping.

Claims

1. A method of integrating the shipping of goods with the purchase of the goods, the method comprising:

recording, by a transaction server, a purchase price of the goods, a first account for an individual buyer and a second account for an individual seller, the seller and the buyer connecting to the transaction server over a network;

receiving an indication of a chosen shipper by which to ship the goods from the seller to the buyer;

receiving a tracking number identifying the goods to be shipped by the shipper; and

receiving a notification from the shipper regarding a status of the goods associated with the tracking number.

2. The method of claim 1 further comprising:

debiting the first account of the buyer only after the notification is received; and

crediting the second account of the seller to complete the purchase of the goods.

3. The method of claim 1 further comprising:

recording, by the transaction server, a transaction date and a transaction ID associated with the transaction.

4. The method of claim 1 further comprising:

recording, by the transaction server, a description of the goods, a transaction date and a transaction ID associated with the transaction.

5. The method of claim 1 further comprising:

sending, by the transaction server, a debit message debiting the first account of the individual buyer; and

sending, by the transaction server, a credit message crediting the second account of the individual seller.

6. The method of claim 1 further comprising:

sending, by the transaction server, a debit message debiting the first account of the individual buyer, wherein the debit message debits an amount equal to the purchase price and a price for shipping the goods; and

sending, by the transaction server, a credit message crediting the second account of the individual seller, wherein the credit message is in an amount equal to the purchase amount.

7. The method of claim 1 further comprising:

sending, by the transaction server, a debit message debiting the first account of the individual buyer, wherein the debit message debits an amount equal to the purchase price and a price for shipping the goods;

sending, by the transaction server, a first credit message crediting the second account of the individual seller, wherein the first credit message is in an amount equal to the purchase amount; and

sending, by the transaction server, a second credit message to a shipper, wherein the second credit message is in an amount equal to the price for shipping the goods.

8. The method of claim 1 further comprising:

debiting the first account of the buyer, wherein the first account is a payment card account; and

crediting the second account of the seller to complete the purchase of the goods.

9. The method of claim 1 wherein the transaction server operates an auction site, and wherein the transaction relates to purchasing the goods through the auction site.

10. The method of claim 1 wherein the transaction server operates a classified ad site, and wherein the transaction relates to purchasing the goods through the classified ad site.

11. The method of claim 1 further comprising:

recording, by the transaction server, a transaction date and a transaction ID associated with the transaction, and wherein the first account is associated with a first payment card and the second payment account is associated with a second payment card, and wherein the method further comprises issuing a first payment card statement with the transaction ID and a second payment card statement with the transaction ID.

12. A transaction server comprising:

a storage device; and

a processor connected to the storage device;

the storage device storing a program for causing the processor to implement a method comprising;

recording, a purchase price of the goods, a first account for an individual buyer and a second account for an individual seller, the seller and the buyer connecting to the transaction server over a network;

receiving an indication of a chosen shipper by which to ship the goods from the seller to the buyer;

receiving a tracking number identifying the goods to be shipped by the shipper; and

receiving a notification from the shipper regarding a status of the goods associated with the tracking number.

13. The server computer of claim 12 wherein the method further comprises:

debiting the first account of the buyer only after the notification is received; and

crediting the second account of the seller to complete the purchase of the goods.

14. The server computer of claim 12 wherein the method further comprises:

recording, by the transaction server, a transaction date and a transaction ID associated with the transaction.

15. The server computer of claim 12 wherein the method further comprises:

recording, by the transaction server, a description of the goods, a transaction date and a transaction ID associated with the transaction.

16. The server computer of claim 12 wherein the method further comprises:

sending, by the transaction server, a debit message debiting the first account of the individual buyer; and

sending, by the transaction server, a credit message crediting the second account of the individual seller.

17. The server computer of claim 12 wherein the method further comprises:

sending, by the transaction server, a debit message debiting the first account of the individual buyer, wherein the debit message debits an amount equal to the purchase price and a price for shipping the goods; and

sending, by the transaction server, a credit message crediting the second account of the individual seller, wherein the credit message is in an amount equal to the purchase amount.

18. The server computer of claim 12 wherein the method further comprises:

sending, by the transaction server, a debit message debiting the first account of the individual buyer, wherein the debit message debits an amount equal to the purchase price and a price for shipping the goods;

sending, by the transaction server, a first credit message crediting the second account of the individual seller, wherein the first credit message is in an amount equal to the purchase amount; and

sending, by the transaction server, a second credit message to a shipper, wherein the second credit message is in an amount equal to the price for shipping the goods.

19. The server computer of claim 12 wherein the method further comprises:

debiting the first account of the buyer, wherein the first account is a payment card account; and

crediting the second account of the seller to complete the purchase of the goods.

20. The server computer of claim 12 wherein the transaction server operates an auction site, and wherein the transaction relates to purchasing the goods through the auction site.

21. The server computer of claim 12 wherein the transaction server operates a classified ad site, and wherein the transaction relates to purchasing the goods through the classified ad site.