Latency Payment Settlement Apparatuses, Methods And Systems

  • Published: Sep 20, 2012
  • Earliest Priority: Oct 20 2010
  • Family: 2
  • Cited Works: 0
  • Cited by: 30
  • Cites: 6
  • Additional Info: Full text

The LATENCY PAYMENT SETTLEMENT APPARATUSES, METHODS AND SYSTEMS (“LPS”) transforms latency payment request inputs via LPS components into latency payment requests. In one embodiment, a method is disclosed comprising obtaining a latency payment method request and determining a latency payment period associated with the latency payment method request. The method includes determining a consumer item currency amount by applying a currency conversion factor to the merchant item currency amount. The method also determines a latency buffer amount based on the latency payment method request, generates a latency payment request by summing the latency buffer amount to the consumer item currency amount and structuring the summed amounts according to the patency payment period, and provides the latency payment request. In some embodiments LPS may determine the latency payment request according to maximized remittance aspects associated with a consumer specified payment method so as to optimize system wide remittance results.

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Document History
  • Publication: Sep 20, 2012
  • Application: Oct 20, 2011
    US US 201113278148 A
  • Priority: Oct 20, 2011
    US US 201113278148 A
  • Priority: Jan 11, 2011
    US US 201161431775 P
  • Priority: Oct 20, 2010
    US US 45532510 P

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