20150026037 | SYSTEM, METHOD AND APPARATUS TO PROVIDE A MULTI-CHANNEL RETAIL LAYAWAY SERVICE USING PHYSICAL RETAIL POINT-OF-SALE AND ON-LINE VIRTUAL PAYMENT SYSTEMS - A system, method and apparatus for facilitating a value exchange transaction and virtual payment system to provide retail layaway services. A registered buyer may use an on-line retail channel or a physical retail channel to form a layaway contract. The buyer simultaneously executes a debit and credit transaction at an on-line retail or physical retail channel to purchase one or more ordered items from registered or non-registered sellers while making an initial down payment. The items are then shipped to a secure storage facility for the duration of the layaway contract period making the retail sales final. Upon completion of the terms of the formed layaway contract, the ordered items are shipped from the secure storage facility | 01-22-2015 |