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ELECTRONIC COMMERCE USING A TRANSACTION NETWORK

  • US 20020059114A1
  • Filed: 11/29/1998
  • Published: 05/16/2002
  • Est. Priority Date: 11/29/1998
  • Status: Active Grant
First Claim
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1. A method in a computer network for managing purchase transactions for the Web sites of a plurality of merchants using a transaction network, comprising the steps of:

  • for each of the plurality of merchant Web sites, under the control of the merchant Web site;

    displaying items available for purchase, each item having a price;

    receiving user input from users using Web clients selecting items for purchase; and

    for each item selection, forwarding a purchase request to the transaction network indicating the price of the selected item;

    under the control of the transaction network;

    receiving transaction network purchase requests forwarded from the plurality of merchant Web sites;

    for each received purchase request;

    discerning the identity of the user; and

    generating a pending transaction record indicating the identity of the user, the price of the selected item, and the identity of the forwarding Web site;

    periodically determining, for each user whose identity is indicated by a pending transaction record, the sum of the prices of the pending transaction records indicating the identity of the user;

    where the determined sum for a user exceeds a billing threshold, submitting to a payment processor a request for settlement for the determined sum against an account of the user;

    receiving settlement indications from the payment processor each indicating payment of an identified submitted a request for settlement;

    for each received settlement indication, for each transaction record whose price is included in the sum of the billing transaction identified by the received settlement indication;

    crediting an account of the merchant identified by the transaction record; and

    removing the pending status of the transaction record.

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