Technique for electronic funds escrow
First Claim
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1. A method for integrated event tracking of an electronic escrow transaction, comprising:
- receiving an instruction from a purchaser, via a network, to effect an electronic escrow transaction associated with a sale, made via the network, of goods or services from a seller;
directing at least one network communication with each of the purchaser, the seller and at least one financial institution in effecting the electronic escrow transaction; and
storing a log of each communication, including the instruction, associated with the electronic escrow transaction
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Abstract
A system, method and article of manufacture for integrated event tracking of an electronic escrow transaction. An instruction is received from a purchaser, via a network, to effect an electronic escrow transaction. The electronic funds escrow transaction arises out of a sale between a purchaser and a seller for goods or services purchased via a network. To effect the electronic escrow transaction, network communications are directed with each of the seller, the purchaser, and a financial institution. Each of these communications associated with effecting the electronic escrow transaction is stored in a memory.
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Citations
57 Claims
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1. A method for integrated event tracking of an electronic escrow transaction, comprising:
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receiving an instruction from a purchaser, via a network, to effect an electronic escrow transaction associated with a sale, made via the network, of goods or services from a seller;
directing at least one network communication with each of the purchaser, the seller and at least one financial institution in effecting the electronic escrow transaction; and
storing a log of each communication, including the instruction, associated with the electronic escrow transaction - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56)
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28. A system for integrated event tracking of an electronic escrow transaction, comprising:
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a communications port configured to receive and to transmit information via a network;
a processor in communication with the communications port and configured to direct at least one network communication with each of a purchaser, a seller and at least one financial institution in effecting an electronic escrow transaction arising out of a sale of goods or services made via a network, and to log and store each communication associated with the electronic escrow transaction; and
a memory in communication with the processor and configured to store the logged communications.
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57. An article of manufacture for integrated event tracking of an electronic escrow transaction, the article of manufacture comprising:
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a computer readable medium; and
computer programming stored on the medium;
wherein the stored computer programming is configured to be readable from the computer readable medium by a computer to thereby cause the computer to operate so as to;
receive an instruction from a purchaser, via a network, to effect an electronic escrow transaction associated with a sale, made via the network, of goods or services from a seller;
direct at least one network communication with each of the purchaser, the seller and at least one financial institution in effecting the electronic escrow transaction; and
store a log of each communication associated with the electronic escrow transaction in a memory.
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Specification