System and method for facilitating secure payment with privacy over a computer network including the internet
First Claim
1. A method of facilitating a secure transaction over a computer network, comprising:
- receiving, by a financial institution associated with a buyer from a transaction facilitator, purchase data of a transaction of an item;
receiving by the financial institution from the buyer a request for payment for the transaction;
associating by the financial institution the buyer to the purchase data of the transaction; and
determining whether to approve payment request for the transaction by the financial institution.
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Accused Products
Abstract
A system and method of facilitating a secure transaction is provided. A financial institution of a buyer receives purchase data of a transaction of an item from a transaction facilitator, which acts as an intermediary between the buyer and seller. The financial institution receives a request for payment for the transaction from the buyer. The financial institution associates the buyer with the purchase data of the transaction, and determines whether to approve the transaction. Preferably, the buyer'"'"'s account identifier such as a credit card or bank card number is not transmitted at any point in the transaction. This allows the transaction to be highly secure.
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Citations
15 Claims
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1. A method of facilitating a secure transaction over a computer network, comprising:
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receiving, by a financial institution associated with a buyer from a transaction facilitator, purchase data of a transaction of an item;
receiving by the financial institution from the buyer a request for payment for the transaction;
associating by the financial institution the buyer to the purchase data of the transaction; and
determining whether to approve payment request for the transaction by the financial institution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method of facilitating a secure transaction over a computer network, comprising:
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receiving by a transaction facilitator purchase data of a transaction of an item while a buyer shops for the item;
transmitting, over a first link, from the transaction facilitator to a financial institution associated with the buyer at least a part of the purchase data and a buyer identifier;
receiving, over a second link, by the financial institution a request for payment for the transaction from the buyer;
associating the buyer to the transaction based on the buyer identifier; and
determining whether to approve the payment request for the transaction by the financial institution. - View Dependent Claims (14)
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15. A method of facilitating a secure transaction over a computer network, comprising:
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under the control of a computer of a transaction facilitator, receiving purchase data of a transaction of an item from a seller while a buyer shops for the item; and
transmitting over a private communication link to a financial institution associated with the buyer at least a part of the purchase data;
under the control of a computer of the financial institution, receiving over a public communication link from the buyer a request for payment for the transaction;
associating the buyer to the transaction; and
determining whether to approve the payment request for the transaction.
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Specification