Conducting Commerce Between Individuals

• US 20120203653A1
• Filed: 04/18/2012
• Published: 08/09/2012
• Est. Priority Date: 02/19/1999
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Matsuda, Paul J., Perry, Sarah E., Wilk, Tracy L.
• Granted Patent: US 9,665,862 B2
• Time in Patent Office: Days
• US Class Current: 705/26.3
• 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

1-39. -39. (canceled)

40. A method of integrating the shipping of goods with the purchase of the goods on an auction site, the method comprising:

facilitating a transaction between an individual seller and an individual buyer on a transaction server connected to a network, the transaction server recording a purchase price of the goods, a first account for the buyer and a second account for the seller, wherein the individual buyer and the individual seller participate in an online auction;

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

receiving information regarding the goods to be shipped;

calculating a shipping price for the goods based on the chosen shipping method and the received information regarding the goods to be shipped; and

debiting the first account of the buyer and crediting the second account of the seller to complete the purchase transaction.

41. The method of claim 40 wherein the transaction server further records a description of the goods.

42. The method of claim 40 further comprising:

sending, by the transaction server, confirmation messages to both the seller and the buyer.

43. The method of claim 40 wherein the first and second accounts are payment card accounts.

44. The method of claim 40 further comprising, sending an e-mail message to the buyer with a URL pointer to a web page established on the transaction server for the transaction.

45. The method of claim 40 wherein receiving information about the goods to be shipped comprises receiving information regarding a shipper to be used to ship the goods and a mode of shipment for the goods.

46. The method of claim 40 further comprising, performing by the transaction server, a risk analysis for the transaction, wherein the risk analysis takes into account other activity on the accounts and e-mail addresses associated with the buyer and the seller.

47. The method of claim 40 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.

48. The method of claim 40 further comprising:

placing, an amount to be debited from the buyer'"'"'s account, into an escrow account.

49. The method of claim 40 further comprising:

assigning, by the transaction server, a unique transaction ID to the transaction.

50. 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;

facilitating a transaction between an individual seller and an individual buyer on a transaction server connected to a network, the transaction server recording a purchase price of the goods, a first account for the buyer and a second account for the seller, wherein the individual buyer and the individual seller participate in an online auction;

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

receiving information regarding the goods to be shipped;

calculating a shipping price for the goods based on the chosen shipping method and the received information regarding the goods to be shipped; and

debiting the first account of the buyer and crediting the second account of the seller to complete the purchase transaction.

51. The server computer of claim 50 wherein the transaction server further records a description of the goods.

52. The server computer of claim 50 wherein the method further comprises:

sending, by the transaction server, confirmation messages to both the seller and the buyer.

53. The server computer of claim 50 wherein the first and second accounts are payment card accounts.

54. The server computer of claim 50 wherein the method further comprises:

sending an e-mail message to the buyer with a URL pointer to a web page established on the transaction server for the transaction.

55. The server computer of claim 50 wherein receiving information about the goods to be shipped comprises receiving information regarding a shipper to be used to ship the goods and a mode of shipment for the goods.

56. The server computer of claim 50 wherein the method further comprises:

performing by the transaction server, a risk analysis for the transaction, wherein the risk analysis takes into account other activity on the accounts and e-mail addresses associated with the buyer and the seller.

57. The server computer of claim 50 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.

58. The server computer of claim 50 wherein the method further comprises:

placing, an amount to be debited from the buyer'"'"'s account, into an escrow account

59. The server computer of claim 50 wherein the method further comprises:

assigning, by the transaction server, a unique transaction ID to the transaction.