System and method for unifying electronic payment mechanisms

• US 20020042776A1
• Filed: 09/19/2001
• Published: 04/11/2002
• Est. Priority Date: 09/19/2000
• Status: Active Application

• Current Assignee: Alan L. Swain, Kevin K.M. Woo
• Original Assignee: Alan L. Swain, Kevin K.M. Woo
• Inventors: Woo, Kevin K.M., Swain, Alan L.
• Application Number:
  US09/955,587
• Publication Number:
  US 20020042776A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems

Abstract

A method for unifying payment transactions between a customer and a merchant, the transactions using customer information stored in one or more electronic wallets, the method comprising the steps of; Providing to the merchant an entity having a unifying interface to the one or more electronic wallets, the entity communicating with both the one or more electronic wallets and the merchant; and the entity collecting customer information from the one or more electronic wallets and payment transaction details from the merchant and processing the transaction in a financial institution.

Claims

1. A method for unifying payment transactions between a customer and a merchant, said transactions using customer information stored in one or more electronic wallets, said method comprising the steps of:

providing to the merchant an entity having a unifying interface to said one or more electronic wallets, said entity communicating with both said one or more electronic wallets and said merchant; and

said entity collecting customer information from said one or more electronic wallets and payment transaction details from said merchant and processing the transaction in a financial institution.

2. A method as defined in claim 1, including said entity communicating results of said payment transaction to both said one or more electronic wallets and said merchant.

3. A method as defined in claim 1, said entity being a server.