Method and system for processing and preventing credit card fraud in simultaneous remote wholesale exchange and local fullfillment of retail transactions by third party retailers

摘要

A method for completing a card transaction for a consumer includes the steps of presenting card information relating to the card transaction to a first merchant online in order to pay for the merchandise to be delivered to the consumer, submitting the card information through a gateway of the first merchant to obtain payment approval, selecting a second merchant to supply the merchandise to the consumer, initiating a verification process by the second merchant by using a gateway of the second merchant to only verify that the card was used to purchase the merchandise, and settling the purchase for the first and second merchants with the card information in accordance with the payment approval.