Resources Contact Us Home
Browse by: INVENTOR PATENT HOLDER PATENT NUMBER DATE
 
 
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
Digital camera dock having movable guide pins
Xylitol-based anti-mucosal compositions and related methods and compositions
Maize hybrid X95C382
Method and apparatus for disease diagnosis and screening using extremely low frequency electromagnetic fields
(4938
Secure data exchange between data processing systems
Magnetic reading and writing device
  Randomly Featured Patents
Very small chemical device and flow rate adjusting method therefor
Compositions and methods for the prevention and treatment of autoimmune conditions
Liquid crystal panel, liquid crystal television, and liquid crystal display apparatus
Heat-resisting ceramic fibers and method for manufacture thereof
Induction heating cooker
Safety ski binding
Fingerprint scanner
Apparatus for aiding in the preparation of an injection serum
Rigid-rod polymers
Drill thread milling cutter