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
Method for producing cathode active material for a lithium secondary battery
Replacing memory pointers with implicit pointers to be used in compiler-generated debug output
Wireless updating of hearing devices
Substrate and patterning device for use in metrology, metrology method and device manufacturing method
Signal phase-based location of network nodes
Related news articles
Rotation angle sensor
  Randomly Featured Patents
Tuning fork electrical contact with prongs having non-rectangular shape
Method of making magnetoresistive read/ inductive write magnetic head assembly fabricated with silicon on hard insulator for improved durability and electrostatic discharge protection
Providing multiple MSISDN numbers in a mobile device with a single IMSI
Method for effecting solder interconnects
Method for providing a synchronous communication and transaction between functions on an integrated circuit therefore the functions operate independently at their own optimized speeds
Use of charged nitroxides as NMR image enhancing agents for CSF
Flat compass for marking large arcs
Macrocyclic plant acaricides
Method and apparatus for design and manufacturing application associative interoperability
Switch configuration