Patent ID: 8600825
Filing Date: 2013-12-03
Classification: G06Q

Abstract:
1. A method for providing on-line payment services, comprising: transmitting payments, by a payment service provider over a network to at least one merchant, for a plurality of purchases that are made, by a user through at least one user device over the network, during a plurality of on-line shopping sessions; receiving, by the payment service provider from the user through the at least one user device over the network, an authorization to collect a reimbursement amount from a first financial institution of the user, wherein the reimbursement amount is at least equal to a portion of a cumulative amount of the payments transmitted by the payment service provider to the at least one merchant for the plurality of purchases made by the user during the plurality of on-line shopping sessions; attempting to collect the reimbursement amount in a single transaction, by the payment service provider from the first financial institution of the user over the network, subsequent to the transmitting of the payments by the payment service provider to the at least one merchant for the plurality of purchases made by the user during the plurality of on-line shopping sessions; receiving, 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; collecting the reclassified reimbursement amount in a single transaction, by the payment service provider from second financial institution of the user over the network, wherein the second financial institution is a credit financial institution; paying a fee, by the payment service provider to the second financial institution of the user over the network, that is based on the single transaction carried out to collect the reclassified reimbursement amount.