首页|Researchers Submit Patent Application, "Order Processing Based On Predicted Dela y Time To Increase Likelihood Of Order Fulfillment Within An Authorization Perio d", for Approval (USPTO 20240281814)
Researchers Submit Patent Application, "Order Processing Based On Predicted Dela y Time To Increase Likelihood Of Order Fulfillment Within An Authorization Perio d", for Approval (USPTO 20240281814)
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By a News Reporter-Staff News Editor at Robotics & Machine Learning Daily News Daily News-From Washington, D.C., NewsRx journali sts report that a patent application by the inventors Panikkar, Shibi (Bangalore , IN); Sankar, Ravuru Vijaya (Bangalore, IN), filed on February 17, 2023, was ma de available online on August 22, 2024. No assignee for this patent application has been made. News editors obtained the following quote from the background information suppli ed by the inventors: "Payment collection is an important aspect of various busin ess models. Payment capture techniques may vary from business to business in dif ferent organizations. In some cases, payment capture is immediate at the time an order is placed. In other cases, payment capture is delayed relative to the tim e an order is placed. When delayed payment capture is used, the order is authori zed using some type of payment processor which will block or set aside customer funds for the order for a specific duration of time referred to as an authorizat ion window or authorization period. If an order cannot be fulfilled within the a uthorization window or authorization period, the customer funds which were block ed or set aside by the payment processor are released."
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