Payment processing with payee risk management
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United States of America Patent
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Aug 30, 2011
Grant Date -
N/A
app pub date -
Aug 1, 2003
filing date -
Aug 1, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A technique for making a payment to a payee on behalf of a payor by a payment service provider is provided. A determination is made as to if a requested payment amount is less than a certain amount. The certain amount is associated with the payee and is determined by the service provider, not the payee. If the payment amount is less than the certain amount, payment to the payee on behalf of the payor is made drawn on an account of the service provider.
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