Patent ID: 8660855
Filing Date: 2014-02-25
Classification: G06Q

Abstract:
1. An electronic payment processing method comprising: receiving, an authorization request data message from a point of sale terminal at a healthcare provider via an electronic payment processing network, for a first amount associated with healthcare services rendered to a patient; determining, by the electronic payment processing network, a predetermined amount of time for holding the portion of the first amount on a payment card from a plurality of amounts of time, from the authorization request data message; forwarding, via the electronic payment processing network the authorization request data message to an issuer of the payment card, receiving, from the point-of-sale terminal, a settlement request message, via the electronic payment processing network, requesting payment for a second amount due from the patient after an adjudication with the patient's health insurance carrier within the predetermined amount of time, processing, via the electronic payment processing network, a fund transfer transaction from the patient's payment card to the health provider based on the settlement request message.