Method and system for processing electronic financial transactions
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United States of America Patent
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N/A
Issued Date -
Aug 11, 2005
app pub date -
Feb 11, 2004
filing date -
Feb 11, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method is provided that enables the processing of electronic payment transactions. The system and method includes a data transaction provider which is configured for receiving a request to process electronic payment transactions, funding the transactions and generating reports respecting such transactions. In accordance with an embodiment of the invention, payment to a merchant is effectuated by funding transactions that transpired during a predetermined period, regardless of whether confirmation that the funds have been transferred by the consumer is received.
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