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
Apparatus for electrographic printing or copying
Solar cell with hyperpolarizable absorber
Method and apparatus for generating soft bit values in reduced-state equalizers
Virtual links in a routed ethernet mesh network
Multifunction switch for vehicle having lighting module
Electronic product design
  Randomly Featured Patents
Dynamically variable machine readable binary code and method for reading and producing thereof
Mobile station user interface, and an associated method, facilitating usage by a physically-disabled user
Reticulocyte mimetics and method of preparation of the same
Method of manufacturing expanded reinforcing sheet material
Camera system, camera control method and program
Method for the preparation of cationic, water-soluble polymers and their use
Recovery of carbon black
Rapid infrared heating of a surface
Head and neck immobilization system
Robot hand and finger mechanism