Method and system for facilitating third party receipt of goods and/or services
Abstract:
A method for processing a reservation includes: receiving reservation information, the information including a preauthorization amount, payment information, merchant identifier, and predetermined period of time; storing the information; identifying a unique identifier associated with the information; transmitting the unique identifier and predetermined period of time to a merchant associated with the merchant identifier; receiving data identifying, within the predetermined period of time, fulfillment of the reservation; and transmitting the information for payment of a transaction using the payment information. A method for processing a transaction includes: receiving preauthorization information for a transaction to be processed, the information including a preauthorization amount, payment information, and predetermined period of time; storing the information; identifying a unique identifier associated with the information; receiving, within the predetermined period of time, an authorization request for a transaction, the request including the unique identifier and a transaction amount; and processing the transaction using the payment information.
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