PAYMENT SERVICE PROVISION WITH REDUCED TRANSACTION COSTS

摘要

A method for providing on-line payment services is provided where a payment service provider pays for a plurality of purchases that are made by a user during a plurality of on-line shopping sessions. An authorization is received for the payment service provider to collect a reimbursement amount from a financial institution of the user. The reimbursement amount is at least equal to a cumulative amount of the payments for the plurality of purchases made by the user during the plurality of on-line shopping sessions. The payment service provider collects the reimbursement amount in a single transaction from the financial institution of the user and pays a fee to the financial institution of the user. The fee is based on the single transaction carried out to collect the reimbursement amount rather than being applied to each of the plurality of purchases or assessed as a percentage of the reimbursement amount, which allows the payment service provider to reduce the costs associated with providing payment services.

主权项

1. A reclassified multi-payment reimbursement amount payment system, comprising:
a non-transitory memory storing a user account of a user, a user payment history for the user account, a balance for the user account, first financial institution information for a first financial instruction of the user, and second financial institution information for a second financial instruction of the user that is a credit financial institution; and one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause a system to perform operations comprising:
analyzing the user payment history stored in the non-transitory memory to determine a maximum reimbursement amount for the user account;receiving a plurality of payment requests over the network at different times to make payments using the user account stored in the non-transitory memory and, in response, transmitting a payment over the network from the user account to at least one merchant account for each of the plurality of payment requests, wherein a last payment of the plurality of payments causes the balance of the user account stored in the non-transitory memory to increase to within a predetermined amount of the maximum reimbursement amount;using, in direct response to the balance of the user account increasing to within the predetermined amount of the maximum reimbursement amount, the first financial institution information stored in the non-transitory memory to attempt to collect a reimbursement amount for at least a portion for the balance of the user account over the network in a single transaction from the first financial institution;receiving, through the network in response to attempting to collect the reimbursement amount from the first financial institution, a collection denial from the first financial institution over the network;reclassifying the reimbursement amount in response to the collection denial to create a reclassified reimbursement amount that is associated with insufficient funds at the first financial institution; andusing the second financial institution information stored in the non-transitory memory to attempt to collect, over the network from the second financial institution, the reclassified reimbursement amount in a single transaction, wherein a second financial institution fee that is based on the single transaction to collect the reclassified reimbursement amount is transmitted over the network to the second financial institution in response to the second financial institution allowing the collection of the reclassified reimbursement amount.