US Patent:
20090070262, Mar 12, 2009
Inventors:
Hugo Olliphant - San Francisco CA, US
David Gausebeck - Mountain View CA, US
Vishwanath Shastry - Palo Alto CA, US
International Classification:
G06Q 40/00
G06F 17/30
G06F 17/40
Abstract:
A method and a system for arranging for micropayment of transaction amounts related to micro-transactions transacted by a user are provided. In example embodiments, the method may include analyzing transaction conditions (e.g., availability of a stored value, a valid bank account, an Automated Clearing House (ACH) funding, a credit card account, or a transaction risk assessment result, associated with the user, and monetary value of the micro-transaction) and selecting a micropayment option for charging the transaction amount from a group of micropayment options, based on the transaction condition. The method may also include automatically applying the selected micropayment option for charging the transaction amount. According to example embodiments, the system may include a transaction analysis module and a payment processor.