System and method for causing multiple parties to be paid from a single credit card transaction
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United States of America Patent
Stats
-
Jan 3, 2006
Issued Date -
N/A
app pub date -
Nov 2, 1999
filing date -
May 10, 1995
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A point of sale credit card payment system allowing multiple payments to be made to various payees from a single credit card transaction or any other form of electronic payment. Software, firmware, or hardware located at a consumer location or offsite determines the amount of commissions, travel agency fees, auction fees, or any other fees incidental to the transaction due to a third or other party. During the time of transaction when payment is being made by a credit card or any other form of electronic payment the fees and/or payment(s) due to third party(ies) are separately identified and, based upon instructions from the software, are paid directly by the credit card company to those third parties entitled to receive payment.
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