CPC G06Q 20/14 (2013.01) [G06Q 20/0425 (2013.01); G06Q 20/24 (2013.01); G06Q 20/342 (2013.01)] | 19 Claims |
1. A method for online billpay using a credit product, comprising:
receiving, at an information processing apparatus and from a user interface, an identification of a merchant for online credit-based bill pay;
sending, by the information processing apparatus, an electronic communication to the merchant, wherein the electronic communication requests an indication of payment mechanisms accepted by the merchant;
receiving, by the information processing apparatus, a plurality of accepted payment mechanisms from the merchant, wherein one of the plurality of accepted payment mechanisms comprises a payment-by-credit card payment mechanism;
selecting, by the information processing apparatus, the payment-by-credit card payment mechanism from the plurality of accepted payment mechanisms;
receiving, by the information processing apparatus, a selection of a credit card for paying the merchant;
receiving, by the information processing apparatus, an invoice for a customer transaction with the merchant, the invoice including an indication of a monetary amount owed to the merchant;
determining, by the information processing apparatus, that payment of the invoice using the payment-by-credit card payment mechanism requires preauthorization;
generating, by the information processing apparatus, a temporary credit account and setting a credit limit of the temporary credit account to a preauthorization amount that includes the monetary amount owed to the merchant plus an additional amount for preauthorization;
conducting, by the information processing apparatus, the customer transaction for the monetary amount and a pre-authorization amount with the temporary credit account using the selected payment-by-credit card payment mechanism; and
charging, by the information processing apparatus, the monetary amount to the selected credit card.
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