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 16 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
Mobile device mode control based on dual mapping of availability (presence) information
Portable reading device with mode processing
Blend polymer gas separation membrane
Methods, apparatus, and systems for facilitating control communications between disparate devices
Information terminal, setting information distribution server, right information distribution server, network connection setting program and method
Inductance element
Methods and systems for representing missed approach information in perspective view on a cockpit display
  Randomly Featured Patents
Failure detector for regeneration power absorbing means
Optical correlator using light phase modulation and two reflective spatial light modulators
Drive module of liquid crystal panel
Method for engineering the threshold voltage of a device using buried wells
Resistive lens structure for electron gun
Method for extraction of dihydroperoxide
Battery pack
Hair dryer heater section providing uniform outlet air temperature distribution
Enhanced tunable plasma-melter vitrification systems
Nozzle for dispensing fluids