The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 01, 2010
Filed:
Jul. 21, 2006
Dinesh Kumar Katyal, Fremont, CA (US);
James Alan Schneider, San Jose, CA (US);
David C. Lo, Bedford, MA (US);
John Hodgkinson, Arlington, MA (US);
Dinesh Kumar Katyal, Fremont, CA (US);
James Alan Schneider, San Jose, CA (US);
David C. Lo, Bedford, MA (US);
John Hodgkinson, Arlington, MA (US);
Intuit Inc., Mountain View, CA (US);
Abstract
A system and method for reconciling a payment to a merchant (e.g., from a credit card issuer or processor) with a set of credit card transactions corresponding to the payment. A reconciliation facilitator assigns unique transaction IDs to credit card transactions submitted by the merchant. The reconciliation facilitator issues authorization requests for some or all of the transactions, and also submits a settlement request for authorized transactions, wherein one or both types of requests include the unique transaction IDs of the associated transactions. When a set of transactions is settled, their unique IDs are received as part of the settlement data, and the reconciliation facilitator can identify the settled transactions to the merchant (e.g., through his accounting or point-of-sale software).