9 results about "Partial payment" patented technology

Systems and methods that facilitate a mobile wallet splitting payments to an invoice between multiple payment accounts are disclosed herein. The mobile wallet can receive an invoice, and then select a set of payment accounts to each pay a portion of the invoice. The mobile wallet can send the payment information to a point of sale device, indicating that the payment include multiple payments from different payment accounts. The point of sale device can then process the multiple payments, either sequentially, or in parallel. In an embodiment, the mobile wallet can receive partial payments from other mobile wallets for the invoice, collect the payments together, and send the payment information at once to the point of sale device for the set of mobile wallets.

Systems and methods of enabling functional applications via a user interface are disclosed herein. In an embodiment, the method includes providing a user with a graphical user interface having an application bar and a common application section, providing access to a first application by the user within the common application section such that the user is enabled to generate parameters for a plurality of service providers to bid on a service, executing the first application to publish the parameters for the plurality of service providers and accept a plurality of bids on the service, providing access to a second application by the user using the common application section such that the user is enabled to partially reject an invoice from one of the plurality of service providers, and executing the second application to make a partial payment to the one of the pluralities of service providers.

Systems and methods for account matching based on partial profile data are disclosed. According to one embodiment, in an information processing apparatus comprising at least one computer processor, a method for account matching based on partial profile data may include: (1) receiving, from a merchant, partial payment card information for a merchant customer, wherein the merchant customer is also a financial institution customer; (2) querying a database to identify a plurality of payment card accounts matching the partial payment card information; (3) requesting a transaction over a payment network for the plurality of payment card accounts matching the partial payment card information; (4) monitoring the payment network for the transaction involving one of the plurality of payment card accounts matching the partial payment card information; and (5) associating the payment card account involved in the transaction as the payment card account associated with the merchant customer.

A system and method for dynamically calculating prices and processing payments in credit / debit card transactions is disclosed. The system determines processing costs and adjusts item prices accordingly, considering cash prices, tax profiles, and cash payment discounts. Users configure a Cash Discount Rate for cash payments, from which the system generates an Effective Rate for card transactions. The system then calculates either a Listed Price based on a given Cash Price, or vice versa, incorporating the cost of card processing. The system also manages partial payments at the point of sale by dynamically adjusting cash discounts and tax amounts. For partial cash payments, it calculates a prorated cash discount and recalculates tax to determine the remaining card due. Similarly, for remaining cash due after partial card payments, it reduces the cash discount proportionally and recalculates tax. These features ensure accurate pricing and discounts across various payment scenarios, optimizing transaction processing.

Systems and methods for account matching based on partial profile data are disclosed. According to one embodiment, in an information processing apparatus comprising at least one computer processor, a method for account matching based on partial profile data may include: (1) receiving, from a merchant, partial payment card information for a merchant customer, wherein the merchant customer is also a financial institution customer; (2) querying a database to identify a plurality of payment card accounts matching the partial payment card information; (3) requesting a transaction over a payment network for the plurality of payment card accounts matching the partial payment card information; (4) monitoring the payment network for the transaction involving one of the plurality of payment card accounts matching the partial payment card information; and (5) associating the payment card account involved in the transaction as the payment card account associated with the merchant customer.

A system and a method for making payments at a point of sale (POS) is disclosed, involving a computing device with a digital wallet application, a management server administering a client payment account, and a trusted entity server administering a client brokerage account. The method associates the client brokerage and payment accounts with a client and facilitates transactions initiated via a POS payment system. Upon receiving a transaction authorization request, the management server establishes a secure connection with the trusted entity server to retrieve brokerage account data. The server analyzes available securities in the brokerage account and currency balances in the payment account to generate financing suggestions for the transaction, including partial security sales and partial payment from the payment account. The client selects a financing suggestion via the digital wallet application, and the management server instructs the trusted entity server to execute the suggested security sale. The transaction is authorized at the POS using the payment account, and proceeds from the security sale are recovered and applied to the payment account. The disclosed method enables integrated, secure, and flexible financing for point-of-sale transactions.

Systems and methods are disclosed herein relating to payment processing systems. Payment processing systems facilitate financial transactions between customers and vendors. Cash-enabled payment processing systems facilitate transactions by those without bank accounts or who choose to use a cash-based system. Communication between vendors and customers simplifies invoicing and encourages payment. Promise-to-pay features enable partial payments that sum to a total payment to be made prior to a due date. Partial payments may be held in a locked or trust account until a total payment is completed prior to a due date. Failure to complete a partial payment may result in a refund and / or cancelation of any remaining schedule partial payments.

A system and a method for making payments at a point of sale (POS) is disclosed, involving a computing device with a digital wallet application, a management server administering a client payment account, and a trusted entity server administering a client brokerage account. The method associates the client brokerage and payment accounts with a client and facilitates transactions initiated via a POS payment system. Upon receiving a transaction authorization request, the management server establishes a secure connection with the trusted entity server to retrieve brokerage account data. The server analyzes available securities in the brokerage account and currency balances in the payment account to generate financing suggestions for the transaction, including partial security sales and partial payment from the payment account. The client selects a financing suggestion via the digital wallet application, and the management server instructs the trusted entity server to execute the suggested security sale. The transaction is authorized at the POS using the payment account, and proceeds from the security sale are recovered and applied to the payment account. The disclosed method enables integrated, secure, and flexible financing for point-of-sale transactions.

A method includes receiving, via a point-of-sale system, a request for payment comprising a credit account information, a transaction payment amount, and a partial payment indicator, and querying an account database to retrieve an available credit amount and based on the credit account information. The method further includes determining that there is an insufficient credit amount to complete the request for payment based on the available credit amount and the transaction payment amount. The method additionally includes determining a partial payment authorization or a denial of the request for payment based on one or more partial payment authorization rules, the credit account information, the transaction payment amount, and the insufficient credit amount. The method also includes communicating, to the point-of-sale system, the partial payment authorization or the denial of the request for payment. The one or more partial payment authorization rules include a merchant category code (MCC) rule, a percent of transaction rule, an account status rule, a product rule, and / or a partial payment amount rule.