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
Eye therapy system
Antibodies to non-functional P2X.sub.7 receptor
Harmonic sensor
Apparatus and method for manufacturing microneedles
Lamp body with integrally molded heat sink
Apparatus and sensor for adjusting vertical sensor-alignment
High-frequency power amplifier
  Randomly Featured Patents
Performance of an in-order processor by no longer requiring a uniform completion point across different execution pipelines
Optical protection system for liquid crystal switches
High curvature antenna forming process
End-stop damper
Methods and compositions for selectively removing potassium ion from the gastrointestinal tract of a mammal
Method for automatically generating checkers for finding functional defects in a description of a circuit
Image motion detection apparatus and method for determining a parameter for detecting a moving object in a moving image and computer readable medium having encoded thereon a program instructin
Method and apparatus for the classification of television signals
Method and apparatus for serial communication system capable of identifying slave apparatus using half-duplex channel communication method
Combination puncher