Resources Contact Us Home
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
Browsing or searching user interfaces and other aspects
Image processing apparatus, control method for the same, and storage medium
Method and apparatus for map transmission in wireless communication system
Dynamic reconstruction of a calibration state of an absorption spectrometer
Method for computer-based determination of a position in a map, navigation device and mobile radio telephone
High conductive water-based silver ink
  Randomly Featured Patents
System and method for assessing performance optimizations in a graphics system
Derivatives of choline binding proteins for vaccines
Structural mechanism for unlocking and engaging a controllable surface on a hinged platform (Wing)
Neutron-shielding fabric and composite fiber and method of manufacture thereof
Business method for generating advertising claims
Article of integrally-merged hard and soft polyvinyl chloride
Display basket
Wrist watch
Plasma display and driving method thereof
Auxiliary handle device