67 results about "Partial payment" patented technology

A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also enables the allocation of a portion or all of a charge or loyalty points to different transaction accounts issued by different issuers, or to sub-accounts.

Systems and methods for accepting payments for goods and services provided by a merchant. In one embodiment, a method for accepting payments from a consumer for a good or service provided by a merchant comprises receiving a transaction request from the merchant, receiving a payment from the consumer, associating the payment with the transaction request, and sending at least a portion of the payment to the merchant. In this manner, the merchant stages the transaction, and the consumer completes the transaction by making the payment. An optional time limit feature also may be used, and the transaction may be staged by the consumer, or others.

A gift registry providing a partial payment option for gift givers and a mandatory and contingent gift substitution for gift recipients. The gift recipient registers any type of gift idea from any store or establishment, for any occasion with an associated gift amount in the registry. The registrant is able to name their own gift price by selecting a gift amount not necessarily the same as the retail cost of the gift idea. The gift recipient also indicates whether they will accept a contingent substitute of gift or cash if the system is unable to provide the gift idea at the gift amount. The recipient can also select mandatory substitution of gift or cash. The difference between mandatory and contingent substitution is that mandatory substitution automatically occurs while contingent substitution occurs if and only if the selected gift is unavailable at the specified gift amount or could not be delivered in time. In effect, mandatory substitution for cash allows the registrant to arrange for automatic gift return and receipt of a cash gift. Gift givers are able to review gift ideas and associated gift amounts and select them. A gift giver is also able to select a gift idea and make a partial contribution toward purchase of the gift idea. This allows higher cost gifts to be purchased by multiple gift givers and thereby provides recipients and givers with greater flexibility in their gift selection. When a mandatory or contingent substitution for cash is provided, the system includes incentives, such as coupons. The coupons or incentives are independently profitable and help to offset the cost of managing the mandatory and contingent substitutions.

A computer-implemented system and method to facilitate a purchase utilizing a flexible spending account, comprising the steps of: receiving, at a host computer, a request for payment authorization for an item; determining whether the item qualifies for pre-tax treatment; and when the item qualifies for pre-tax treatment: determining at least partial payment authorization for the item, transmitting the at least partial payment authorization for the item to a point of sale device; causing the flexible spending account to be debited for at least a portion of the purchasing amount of the item based on the payment authorization; and debiting a non-flexible spending account for an item not qualifying for pre-tax treatment.

Methods and systems are provided for processing a financial transaction. A set of conditions is received that define circumstances for execution of the financial transaction. Funds are collected for each of a plurality of partial payments prior to satisfaction of the set of conditions, with at least two of the partial payments being collected from different persons. The collected funds are accumulated for support of the financial transaction until satisfaction or failure of the set of conditions.