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 apparatus, memory control apparatus and method for controlling flash memories
Garden tool handle
Systems and methods for tracking power modulation
Method of manufacturing semiconductor devices using ion implantation
Tandem electric machine arrangement
Image forming apparatus and system connectable with an authorization apparatus via a communications network, the image forming apparatus comprising an apparatus control section, an initial inq
Method for production of a thermoelectric apparatus
  Randomly Featured Patents
Adaptive polling
Surface mounted connector having a securing tab
Ultrasound device for three-dimensional imaging of internal structure of a body part
Document video digitizer
Dual purpose ratchet screwdriver
Transmission for power take-off
Spring loaded bollard
Planar heating unit
Thin film transistor liquid crystal display and fabrication method thereof
System, method, and apparatus for visual authentication