ELECTRONIC SYSTEM AND METHOD FOR SPLITTING A TRANSACTION COST BETWEEN MULTIPLE PARTIES

Electronic System and Method for Splitting a Transaction Cost between Multiple Parties An electronic system for splitting a transaction cost between multiple parties. The system comprises a processor configured to: receive transaction data from a payment card server, the transaction data relating to...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Hauptverfasser:	SHARAN Ashutosh, VERGARI Fabiano
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
Online-Zugang:	Volltext bestellen
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	Electronic System and Method for Splitting a Transaction Cost between Multiple Parties An electronic system for splitting a transaction cost between multiple parties. The system comprises a processor configured to: receive transaction data from a payment card server, the transaction data relating to transactions performed using a payment card associated with a first user; on instruction by the first user, associate one or more other users with a group transaction identified from the transaction data along with an indication of a respective portion of the group transaction to be paid by each other user; transmit a payment authorization request to each other user for payment of the other user's respective portion of the group transaction; and upon authorization, receive confirmation of a transfer of funds equal to the other user's respective portion from a payment vehicle associated with the other user to a payment account associated with the first user. [Figure to print with the abstract: Fig. ] 20