note that the comment was taken somewhat out of context since the original
question was directed at a b-to-b scenario. misc. refs (especially #2
below):
http://www.garlic.com/~lynn/aadsm11.htm#0 Basic credit card payment
question
http://www.garlic.com/~lynn/aadsm11.htm#1 Basic credit card payment
question
http://www.garlic.com/~lynn/aadsm11.htm#2 Basic credit card payment
question
the problem has been the merchant matching the pushed payment with invoice
or transaction. it is somewhat easier when the merchant presents the
payment requests and gets back an answer. having the payee push the payment
.... requires some like EDI 8xx ACH addenda record containing enuf
infomration so that the merchant can correlate with stuff like their
accounts receivable system. Even payment cards are a merchant presented
business process. Some of the electronic bill payment systems do this and
have the ACH addenda record (that is for merchants where the electronic
bill payment processor doesn't have to resort to printing & mailing a paper
check because the merchant doesn't have the facilities for processing a
combined electronic payment plus electronic statement/invoice detail
information).
"R. A.
Hettinga" To: internet-payments
<rah@shipwright <[EMAIL PROTECTED]>
.com> cc:
Subject: Re: Basic credit-card
04/20/2002 payment question
05:59 AM
--- begin forwarded text
Status: U
User-Agent: Microsoft-Entourage/10.0.0.1331
Date: Sat, 20 Apr 2002 09:05:13 +0100
Subject: Re: Basic credit-card payment question
From: "David G.W. Birch" <[EMAIL PROTECTED]>
To: Digital Bearer Settlement List <[EMAIL PROTECTED]>
Sender: <[EMAIL PROTECTED]>
List-Subscribe: <mailto:[EMAIL PROTECTED]>
[EMAIL PROTECTED] e-said:
> If a customer knew the merchant bank
> account number ... they could execute a ACH push
Surely they would never do this, because of the guarantees and legal
protections (and frequent flier miles) associated with their credit card.
Try charging back a wire transfer.
Regards,
Dave Birch.
... My own opinion (I think!) given solely in my capacity as ...
... an interested member of the general public ...
... ...
... mail(at)birches.org ......... http://www.davebirch.org/ ...
--- end forwarded text
--
-----------------
R. A. Hettinga <mailto: [EMAIL PROTECTED]>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
