Patent ID: 8234176

Claim:
A method of facilitating a charge-on-delivery (COD) transaction, comprising: generating, by a processor of a payment provider, an identifier associated with the transaction and providing a first partial identifier to a buyer and a second partial identifier to a seller, wherein the identifier associated with the transaction comprises the first and second partial identifiers; receiving, by the processor of the payment provider, an indication of a delivery of a purchase between a buyer and a seller; determining the buyer has committed funds for the purchase, wherein the funds are held pending resolution of the purchase; determining, by the processor, whether the purchase has been delivered to the buyer, wherein determining whether the purchase has been delivered to the buyer comprises matching the first partial identifier received from the buyer and the second partial identifier received from the seller with the identifier associated with the transaction; and releasing the funds held from an account of the buyer to an account of the seller when the determination is made that the purchase has been delivered to the buyer.