Payment processing with selection of a processing parameter

A technique for making a payment to a payee on behalf of a payor is provided. A selection is made, based upon a received payment request, of a processing parameter from a group of processing parameters. The group of processing parameters consists of at least two of three processing parameters. The t...

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Bibliographische Detailangaben
Hauptverfasser: MCMICHAEL, JR. WILLIAM RICHARD, HAMILTON DANIEL LEE, DREYER HANS D, PIGG ESTHER J, WEBBER CATHY E
Format: Patent
Sprache:eng
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Zusammenfassung:A technique for making a payment to a payee on behalf of a payor is provided. A selection is made, based upon a received payment request, of a processing parameter from a group of processing parameters. The group of processing parameters consists of at least two of three processing parameters. The three processing parameters are a speed of processing, cost of processing, and a risk of processing. The payment is made according to the selected processing parameter.