Method and system for a network of merchants collecting payments for each other
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United States of America Patent
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May 29, 2018
Issued Date -
N/A
app pub date -
Nov 6, 2014
filing date -
Nov 6, 2014
priority date (Note) -
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Abstract
A method and system for obtaining payment from a customer that includes receiving a collection request at a payment facilitation device from a payment collection request device of a merchant, storing the collection request in a collection request repository, determining, using the collection request, a location of the customer, and determining, using the location of the customer, that an in-person payment device of a collecting entity is located near the location of the customer. The method also includes transmitting a notice of collection request to the in-person payment device and receiving a payment request from the in-person payment device at which the customer made a payment via the in-person payment device after the notice of collection request was received by the in-person payment device. Additionally, the method includes transmitting, based on the payment request, a payment to a merchant account associated with the merchant.
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