Topic
Partial payment
About: Partial payment is a research topic. Over the lifetime, 63 publications have been published within this topic receiving 433 citations.
Papers published on a yearly basis
Papers
7 Apr 2009
TL;DR: In this article, the authors describe a recent conceptual breakthrough based on the functioning of balanced ecosystems that shows that all complex systems, including our monetary and financial ones, become structurally unstable whenever efficiency is overemphasized at the expense of diversity, interconnectivity and the crucial resilience they provide.
Abstract: The on-going financial crisis results not from a cyclical or managerial failure, but from a structural one: more than 96 other major banking crises occurred over the past 20 years, and these crashes have happened under very different regulatory systems and at different stages of economic development. So far, conventional solutions are being applied—nationalization of the problem assets (as in the original Paulson bailout) or nationalization of the banks (as in Europe). These solutions only deal with the symptoms and not the systemic cause of today’s banking crisis. Similarly, the financial re-regulation that will be on everybody’s political agenda will, at best, reduce the frequency of such crises, but not avoid their re-occurrence. Better solutions are urgently needed because the last breakdown of this magnitude, the Great Depression of the 1930s, ended up in a wave of fascism and World War II. In this paper, we describe a recent conceptual breakthrough—based on the functioning of balanced ecosystems— that shows that all complex systems, including our monetary and financial ones, become structurally unstable whenever efficiency is overemphasized at the expense of diversity, interconnectivity and the crucial resilience they provide. The surprising insight from a systemic perspective is that sustainable vitality involves diversifying the types of currencies and institutions and introducing new ones that are designed specifically to increase the availability of money in its prime function as a medium of exchange, rather than for savings or speculation. Additionally, these currencies are expressly designed to link unused resources with unmet needs within a community, region or country. These currencies are know as complementary because they do not replace the conventional national money, but rather, operate in parallel with it. We propose that a systemic understanding and technical solution are now available that would ensure that such crashes become a phenomenon of the past. The most effective way for governments to support such a strategy of a more diverse and sustainable monetary ecology would be to accept a well-designed, robust complementary currency in partial payment of taxes during a period when banks are not in a position to fully finance the real economy. The choice of a complementary currency reflects both a technical issue (robustness and resilience against fraud) and a political one (what type of programs are desirable to support). A good candidate for consideration would be a professionally run business-to-business (B2B) complementary currency based on the model of the WIR system. This currency has been successfully operational for 75 years in Switzerland, involving a quarter of all the businesses in that country. Formal econometric analysis has proven that the WIR acts as a significant counter-cyclical stabilizing factor that explains the proverbial long-standing stability of the Swiss economy.
51 citations
Patent•
31 Jul 2006TL;DR: In this article, a tax-advantaged account is debited for at least a portion of the purchasing amount of the item based on the payment authorization; and the at least partial payment amount for the item is transmitted to an account of the requestor.
Abstract: The invention is a computer-implemented method and system to facilitate a purchase utilizing a tax-advantaged account. A request for payment for an item is received from a requester. A determination is made whether the item qualifies for pre-tax treatment. If the item qualifies for pre-tax treatment at least a partial payment amount for the item is determined. The tax-advantaged account is debited for at least a portion of the purchasing amount of the item based on the payment authorization; and the at least partial payment amount for the item is transmitted to an account of the requestor.
46 citations
Patent•
4 May 2006TL;DR: In this paper, a computer-implemented system and method to facilitate a purchase utilizing a flexible spending account, comprising the steps of: receiving, at a host computer, a request for payment authorization for an item; determining whether the item qualifies for pre-tax treatment; and when the item qualified for pre tax treatment.
Abstract: A computer-implemented system and method to facilitate a purchase utilizing a flexible spending account, comprising the steps of: receiving, at a host computer, a request for payment authorization for an item; determining whether the item qualifies for pre-tax treatment; and when the item qualifies for pre-tax treatment: determining at least partial payment authorization for the item, transmitting the at least partial payment authorization for the item to a point of sale device; causing the flexible spending account to be debited for at least a portion of the purchasing amount of the item based on the payment authorization; and debiting a non-flexible spending account for an item not qualifying for pre-tax treatment.
44 citations
Patent•
21 Apr 2000Abstract: An electronic money system and an electronic money terminal device, capable of arbitrarily determining a partial payment amount at each user's payment when an installment plan is used. Instead of drawing amount data of spent money amount from an information card (50), the amount data of a spent money amount is accumulated as installment plan history data, part or all of the accumulated installment plan balance is received as a partial payment amount, the received partial payment amount is deducted from an installment plan balance to determine a new balance, thereby the user can pay an arbitrary amount out of an installment plan balance as a partial payment amount.
31 citations
Patent•
30 Dec 2005TL;DR: In this article, a method to process an incentive includes, at a commerce server, receiving an incentive identification code that identifies an incentive amount to be used for at least a partial payment of a transaction.
Abstract: A method to process an incentive includes, at a commerce server, receiving an incentive identification code that identifies an incentive amount to be used for at least a partial payment of a transaction. A determination is made at the commerce server whether the incentive is valid. If the incentive is determined to the valid, incentive information is communicated to a payment processor server from the commerce server, the incentive information including an authorization that authorizes the payment processor server to transfer the amount as the partial payment for the transaction.
23 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2020 | 2 |
| 2019 | 1 |
| 2018 | 3 |
| 2017 | 4 |
| 2015 | 6 |
| 2014 | 5 |