US Patent:
20140279524, Sep 18, 2014
Inventors:
Jeffrey Scott Slusser - Columbia TN, US
Jeffrey Gardner - Nashville TN, US
International Classification:
G06Q 20/42
Abstract:
Methods for processing payments electronically over a network-based system, such as Internet, phone, wireless communications, and other channels, wherein a third party or intermediary facilitates payment transactions to enable the processing of payments on behalf of individuals or businesses through credit card and debit card electronic transactions while providing a real-time, automated determination of a convenience fee associated with the transaction, the convenience fee being based upon the interchange rate for the specific card being used for the payment.