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International cash-on-delivery system and method

A payment and service system technology, applied in transportation and packaging, sales/lease transactions, instruments, etc., can solve problems such as interrupted transactions, and achieve the effect of eliminating duplication, reducing payment time, and speeding up the automation of manual document delivery.

Inactive Publication Date: 2004-11-24
UNITED PARCEL SERVICE OF AMERICAN INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

It would also be desirable to have a system for coordinating international transactions that does not require pre-credit confirmation, which would delay, or possibly even interrupt, transactions

Method used

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  • International cash-on-delivery system and method
  • International cash-on-delivery system and method
  • International cash-on-delivery system and method

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Embodiment Construction

[0023] The present invention will now be described more fully with reference to the accompanying drawings, in which preferred embodiments of the invention are shown. However, this invention may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will be thorough and complete, and will fully inform those skilled in the art Those skilled in the art express the scope of the invention. Like reference numerals refer to like elements throughout.

[0024] The delivery payment system of the present invention completes a transaction between a seller at a first location and a buyer at a second location, wherein the seller agrees to exchange goods to obtain payment from the buyer. Generally, the delivery system includes a delivery service system, a payment system and an information system. The delivery service system actually controls the delivery of the goods, and...

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PUM

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Abstract

An international cash-on-delivery (I-COD) system for completing a transaction between a seller in a first country and purchaser in a second country, wherein the seller has agreed to exchange packaged goods for a payment from the purchaser. The international delivery system includes a delivery service system, a payment system and an information system. The delivery system physically handles delivery of the packaged goods, including import and export clearing, and holding of the packaged goods in escrow at an intermediate location until payment by the purchaser. The payment system handles the flow of funds including receiving payment from the purchaser, holding the payment in escrow and distribution of the payment to the seller upon delivery of the packaged goods. The information system electronically coordinates escrow aspects of both the delivery service system, and the payment system, so as to minimize the risk of the transaction to both the seller and the purchaser.

Description

technical field [0001] This invention relates to the field of cargo transportation systems, and more particularly, to electronic systems for facilitating international shipping and purchasing transactions. Background technique [0002] A typical shipping transaction involves a buyer and a seller of goods. The seller needs to deliver the goods to the buyer, and the buyer needs to pay for the goods to the seller. Nonetheless, both sellers and buyers may have issues with lack of trust, similar to the "snatch and grab" of face-to-face contracts. Money in exchange refers to a situation where goods and money are exchanged at the same time due to a lack of trust between the two parties. In particular, the seller has doubts about whether the buyer will pay for the goods after receiving the goods, and the buyer has doubts about whether the seller will deliver the goods after receiving the payment. In international transactions, this situation is exacerbated by slow and complex tra...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): B65G61/00G06Q10/08G06Q30/06
CPCG06Q10/08G06Q10/087G06Q30/06
Inventor 贾森D·阿利耶保罗E·弗利克尤金·B·小温姆比伊丽莎白·G·普林顿
Owner UNITED PARCEL SERVICE OF AMERICAN INC