Patent ID: 8719136
Filing Date: 2014-05-06
Classification: G06Q

Abstract:
1. A method of providing electronic payment services comprising the following steps: establishing a payment acceptance agreement with a redeemer; storing information in a database identifying the redeemer; providing an interface to a purchaser over an electronic network for communication between a system provider and the purchaser regarding the establishment of multiple terms of use in connection with a potential business credit; providing an interface to a purchaser over an electronic network for communication between the system provider and the purchaser regarding an offer to purchase or sell the potential business credit; providing an interface to a purchaser over an electronic network for communication between the system provider and the purchaser regarding acceptance of the offer to purchase or sell the potential business credit; storing information in a database identifying a presenter; providing the presenter with a redemption apparatus for storing and transmitting transaction data that includes information identifying the presenter in connection with an attempted payment transaction; providing the business credit or access to the business credit to the presenter via an electronic network; presentation of the redemption apparatus by the presenter to a redeemer of the payment network in connection with one or more transactions between the presenter and redeemer; receiving an authorization request and transaction data over an electronic network from the redeemer, including data identifying the presenter and redeemer; determining applicability of the business credit to the transaction based on the transaction data identifying the presenter and redeemer; and transmitting a notice of approval or declination over an electronic network in response to the authorization request.