METHOD AND SYSTEM OF PROCESSING A TRANSACTION FOR A GROUP
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United States of America Patent
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Issued Date -
Jan 14, 2016
app pub date -
Jul 10, 2015
filing date -
Jul 11, 2014
priority date (Note) -
Published
status (Latency Note)
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Abstract
A method and system are provided for processing a transaction for a group of individuals. The method being performed at a network node and comprising operating a processor to provide an electronic point of sale group payment node having a plurality of virtual payment instruments associated thereto. A value is assigned to each of the virtual payment instruments. A destination account is associated with the EPOS group payment node. Individuals are associated with the respective virtual payment instruments by linking source accounts of the individuals to the virtual payment instruments. The transaction is complete such that the destination account receives a value based on the respective values assigned to the virtual payment instruments.
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Family
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