Patent ID: 7877326
Filing Date: 2011-01-25
Classification: G06Q

Abstract:
1. A device for collaborative authorization in an electronic transaction, the device comprising: a commerce profile stored in memory, the commerce profile comprising business rules that require a collaborative authorization for the electronic transaction between a purchaser, a financial institution, and a third party; and a processor communicating with the memory and participating in the electronic transaction, the rules causing the processor to: determine whether an amount of the electronic transaction exceeds a maximum amount; contractually require collaborative authorization from a third party when the amount of electronic transaction exceeds the maximum amount; determine whether the electronic transaction relates to a predefined category of product or service when the amount of the electronic transaction is less than or equal to the maximum amount; contractually require collaborative authorization from the third party when the electronic transaction involves the predefined category of product or service and when the amount of the electronic transaction is less than or equal to the maximum amount; determine whether the electronic transaction involves a predetermined Internet Protocol address and when the electronic transaction is unrelated to the predefined category of product or service and when the amount of the electronic transaction is less than or equal to the maximum amount; contractually require collaborative authorization from the third party when the electronic transaction is related to the predetermined Internet Protocol address and when the electronic transaction is unrelated to the predefined category of product or service and when the amount of the electronic transaction is less than or equal to the maximum amount; and decline collaborative authorization when the electronic transaction is unrelated to the predetermined Internet Protocol address and when the electronic transaction is unrelated to the predefined category of product or service and when the amount of the electronic transaction is less than or equal to the maximum amount.