Invention Grant
- Patent Title: Processing online transactions
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Application No.: US13600871Application Date: 2012-08-31
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Publication No.: US08849703B2Publication Date: 2014-09-30
- Inventor: Arjun Ramaratnam , Kenneth Hansen , Murad Dar , Puneet Srivastava , Richard Brett Gerry , Ruchitkumar A Shah , Sathya N Dharaneedharan
- Applicant: Arjun Ramaratnam , Kenneth Hansen , Murad Dar , Puneet Srivastava , Richard Brett Gerry , Ruchitkumar A Shah , Sathya N Dharaneedharan
- Applicant Address: US AR Bentonville
- Assignee: Wal-Mart Stores, Inc.
- Current Assignee: Wal-Mart Stores, Inc.
- Current Assignee Address: US AR Bentonville
- Agency: Stevens Law Group
- Agent David R. Stevens
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q20/00 ; G06G1/12

Abstract:
Disclosed are systems and methods for managing transactions in which an order is specified online and payment is received at a point of sale (POS). Methods are disclosed for managing payment for such transactions at a POS, including transactions involving payment for both in-store purchases and online orders. Methods are also disclosed for managing inventory and price changes for such transactions where payment can occur at any time in a pay period following order creation. Also disclosed are methods for processing refunds for online orders for which payment was made at a POS. Finally, methods for preventing fraud and abuse as well as restricting the availability of this payment method for certain items are disclosed.
Public/Granted literature
- US20130275240A1 Processing Online Transactions Public/Granted day:2013-10-17
Information query