Abstract
The present disclosure discloses a method and system for delineating various significant milestones stages and automate the process of remunerating Merchants upon the successful completion of each milestone. Further, the present disclosure addresses prevalent challenges associated with upfront payments for extended-duration services, like house renovation payments or when subscribing to annual memberships for clubs or fitness centres. Customers lacks confidence as the service providers compromise quality for money being paid by the customers. Specifically, to address and overcome these challenges, the present disclosure proposes a method and system of attaching milestone to a card-based payment instruction which enhances trust and transparency between service provider/merchant-customer relationships, thereby driving card credentials usage.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Tharoor, Sandeep and Huria, Hunny, "SYSTEM AND METHOD FOR AUTOMATING PAYMENTS USING MILESTONE PAYMENT PROGRAM", Technical Disclosure Commons, (January 19, 2024)
https://www.tdcommons.org/dpubs_series/6620