Method and system for generating an automatic authorization

Details Method and system for generating an automatic authorization Method and system for generating an automatic authorization

2004-04-02

2011-11-15

Haq, Naeem (Department: 3625)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Electronic shopping

Reexamination Certificate

active

08060411

ABSTRACT:
A system and method for generating an automatic authorization of a shopping cart created during a procedure of electronic procurement of items depending on values stored in a database table. Data is retrieved from a database table. The data may represent a budget-value and data representing a cumulative amount spent during a specified time period assigned to the user performing the electronic procurement. The total value of items in the shopping cart is calculated. And, a sum of the value of the cumulative amount spent and the total value of items in the shopping cart is compared with the budget-value. If the sum lies within the budget-value, then the authorization may be generated, and the value of the cumulative amount spent by the total value of items in the shopping cart may be updated. If the sum does not lie within the budget-value, an indication is generated indicating that the budget is exceeded.

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Pennings et al. “To Spend or Not to Spend? The Effect of Budget Constraints on Estimation Processes and Spending Behavior”, Advances in Consumer Research, vol. 32, 2005, pp. 328-329.

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