Payment release system

Details Payment release system Payment release system

G - Physics

06

Q

G06Q 20/00 (2006.01) G07B 17/00 (2006.01)

Patent

CA 2480807

An apparatus and method for authorizing payment to a seller upon delivery of an item to a buyer. The method includes registering each seller and each buyer with a transaction server or database. An identifier, such as a bar code is generated and affixed to the package of the item. The identifier is associated with the seller and is used to trace the package through a delivery system until the package reaches the buyer. At the buyer location, the identifier is scanned and data is transmitted to a transaction database indicating that the package has arrived. Upon notification of arrival to the buyer, the buyer account is debited to pay for the item. A notice may then be sent to the buyer and the seller indicating that the transaction has been completed.

Affiliated with

Also associated with

Rating

Payment release system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Payment release system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Payment release system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFCA-PAI-O-1534137