Systems and methods for providing notification and feedback based on electronic payment transactions

Disclosed are systems and methods for providing notifications of financial transactions to the owners of financial accounts. In one embodiment, a user proposes to transact business with a merchant by supplying certain account information to make an electronic payment. A merchant may then submit an a...

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Bibliographic Details
Main Author SADRI PASHA
Format Patent
LanguageEnglish
Published 17.11.2005
Edition7
Subjects
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
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Summary:Disclosed are systems and methods for providing notifications of financial transactions to the owners of financial accounts. In one embodiment, a user proposes to transact business with a merchant by supplying certain account information to make an electronic payment. A merchant may then submit an authorization request to a clearing house, including details on the proposed transaction. After the clearing house processes the authorization request and verifies funds with the appropriate financial institution, a set of notification parameters may be accessed by the clearing house and used to provide the financial account owner with instant or near instant notification of the transaction. In another embodiment, a feedback request is delivered to the user along with a transaction notification.
Bibliography:Application Number: US20040991539