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:
Jul. 03, 2012
Filed:
Apr. 01, 2009
Chanderpreet Singh Duggal, Phoenix, AZ (US);
Kristin R. Hoyne Gomes, Fenton, MO (US);
Peter Georger Harris, Scottsdale, AZ (US);
Chanderpreet Singh Duggal, Phoenix, AZ (US);
Kristin R. Hoyne Gomes, Fenton, MO (US);
Peter Georger Harris, Scottsdale, AZ (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
Embodiments of the present invention provide a method and system for enabling a financial institution to communicate with a merchant regarding post-authorization processing of a financial transaction. The merchant assesses feasibility of the financial transaction after receiving an authorization from the financial institution for the financial transaction and accordingly processes the financial transaction based on the feasibility assessment. The processing of the financial transaction may either result in fulfillment or non-fulfillment of the financial transaction depending on the feasibility assessment. Finally, the merchant provides the financial institution details related to the processing of the financial institution in real-time following the authorization.