US 6,983,261 B1
System and method for causing multiple parties to be paid from a single credit card transaction
Paul A. Francisco, Loch Arbour, N.J. (US); and Frederick J. Petschauer, Belmar, N.J. (US)
Assigned to TaxNet Systems, Inc., Spring Lake, N.J. (US)
Filed on Nov. 02, 1999, as Appl. No. 9/431,616.
Application 09/431616 is a continuation in part of application No. 09/195105, filed on Nov. 18, 1998.
Application 09/195105 is a continuation in part of application No. 08/726928, filed on Oct. 07, 1996, granted, now 5,875,433.
Application 08/726928 is a continuation in part of application No. 08/438890, filed on May 10, 1995, granted, now 5,799,283.
This patent is subject to a terminal disclaimer.
Int. Cl. G06F 17/60 (2006.01)
U.S. Cl. 705—39 6 Claims
OG exemplary drawing
 
1. A system for making payments to a plurality of third party payees from a single credit card purchase in which a credit card is used, the system comprising:
at least one computer located at a merchant or retailer location, the computer including software therein for calculating commissions and other fees due to third parties from a credit card purchase;
said at least one computer including means for causing multiple party payment information indicating to whom payments are due from the credit card purchase to a credit card company; and
means for enabling one of the credit card company and the at least one computer to pay fees due to a plurality of third parties from the credit card purchase based upon the multiple party payment information received by the credit card company from the merchant or retailer.