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
Data storage device and block selection method for a flash memory
Topology arrangement for achieving reliable communication in wireless automotive networks
Cryptographic key split combiner
Disk drive to enable defect margining
Amide derivatives, process for preparation thereof and use thereof as insecticide
Voltage detecting device for LED driver
Aromatic amine derivative, organic electroluminescent element employing the same, and process for producing aromatic amine derivative
  Randomly Featured Patents
Membrane polymer compositions
Microwave sensor for detecting a discharge occurring in an electrical apparatus
Image formation apparatus and developer cartridge
Terminal for chip cards
Gas leak detection device and fuel cell system
Video sound and system control circuit
Truncated DANCE, DANCE complex and method of using these
Method and apparatus to reduce the effect of inkjet drop satellites in bi-directional multi-pass printing
Methods and apparatus for heat treating glass sheets
Stabilization of wet process phosphoric acid