Resources Contact Us Home
Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account

Image Number 14 for United States Patent #7908226.

A virtual payment system for ordering and paying for goods, services and content over an internetwork is disclosed. The virtual payment system comprises a commerce gateway component (52) and a credit processing server component (53). The virtual payment system is a secure, closed system comprising registered sellers and buyers. A buyer becomes a registered participant by applying for a virtual payment account. Likewise, a seller becomes registered by applying for a seller account. A buyer can instantly open an account on-line. That is, the credit processing component (53) immediately evaluates the buyer's virtual payment card application and assigns a credit limit to the account. Once an account is established, a digital certificate is stored on the registered participant's computer. The buyer can then order a product, i.e., goods, services or content from a seller and charge it to the virtual payment account. When the product is shipped, the seller notifies the commerce gateway component (52), which in turn notifies the credit processing server that applies the charges to the buyer's virtual payment account. The buyer can settle the charges using a prepaid account, a credit account, or by using reward points earned through use of the virtual payment card. A buyer may create sub-accounts.

  Recently Added Patents
Transactional consistency scheme
Compact semiconductor memory device having reduced number of contacts, methods of operating and methods of making
Sports helmet
Polypeptides having beta-glucosidase activity and beta-xylosidase activity and polynucleotides encoding same
Microwavable bag
Prevention and reduction of blood loss
Method and system for generating and displaying an interactive dynamic graph view of multiply connected objects
  Randomly Featured Patents
System and method for controlling print device
Systems for programmable memory using silicided poly-silicon fuses
Paper profile and reading systems
Compressor with variable incidence stator vanes
Method and system for securely provisioning a client device
Icon for a display screen
Metallurgical lances
Implied storage operation decode using redundant target address detection
Au-based clad composite material, producing method thereof and micromotor using the same