Abstract
A consolidated view of the account data of a merchant is provided. Whenever a transaction occurs, the merchant has to collect each payment through the merchant terminal. Further, existing systems do not provide option to view the receivable accounts and reconciliation view of the transactions. For this purpose, a unique identity is provided to the merchant. In every transaction the unique identity is attached to the invoice made by the merchant. This provides a consolidated notification from a platform to the merchants instead of sending multiple notifications. Further, the merchant can have a consolidated view of the receivables either in all locations or for a specific location. By providing the unique identity the merchant receives the direct credit of payment instead of collecting each payment through terminal.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Geevarghese, Sharon and Rajkumar, Vinoth, "Business Merchant Data Consolidator", Technical Disclosure Commons, (December 10, 2021)
https://www.tdcommons.org/dpubs_series/4782