Patent ID: 6208973
Filing Date: 2001-03-27
Classification: G06Q

Abstract:
A point of service third party adjudicated payment system, comprising:a point of service terminal which accepts a payment system access card for payment for a purchase of at least one of a service and product by a customer, at least part of said purchase being reimbursable by a third party payor, and which creates a purchase transaction;an adjudication engine which processes said purchase transaction so as to adjudicate substantially in real-time a first portion of said purchase which is to be paid by the third party payor and a second portion of said purchase which is to be paid by the customer and returns an adjudicated settlement transaction to said point of service terminal designating obligations for payment of at least said first portion and said second portion; anda payment system which transfers funds in accordance with said obligations for payment of said adjudicated settlement transaction whereby the third party payor is debited by said first portion and the point of service provider is paid said first portion and a payment account accessible by said payment system access card is charged at least said second portion and the point of service provider is paid said second portion.