Digital computer system and methods for implementing a financial transaction

• US 20020103763A1
• Filed: 12/22/2000
• Published: 08/01/2002
• Est. Priority Date: 12/22/2000
• Status: Active Grant

• Current Assignee: Knapp Investment Company Limited
• Original Assignee: Jared P. Schutz
• Inventors: Schutz, Jared P.
• Granted Patent: US 7,548,888 B2
• Time in Patent Office: Days
• US Class Current: 705/64
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction

Abstract

Computer-aided methods (making and using), along with a corresponding machine, article of manufacture, and data structures, is provided for using a computer system to implement a financial transaction, the method including the steps of: providing a first web site having identifier data; encrypting the identifier data; using a URL to log on to a second web site, said log on using the encrypted identifier data for passing the encrypted identifier data to a second web site; and implementing the financial transaction by using the encrypted identifier data from the second web site. A browser can be employed to communicate payment data over the Internet for reconciling a payment for the purchase invisibly to the purchaser by using the payment data communicated by the browser to implement the financial transaction. A computerized customer order is utilized to implement the financial transaction by triggering a communication of real time payment data from a non-customer computer to a vendor computer without customer intervention.

Claims

1. A method for using a computer system to implement a financial transaction, the method including the steps of:

providing a first web site having identifier data;

encrypting the identifier data;

using a URL to log on to a second web site, said log on using the encrypted identifier data for passing the encrypted identifier data to a second web site; and

implementing the financial transaction by using the encrypted identifier data from the second web site.

7. Any one of claims 1-3 further including the step of attaching data identifying the financial transaction to an electronic communication transmitted to enable carrying out the financial transaction.

8. Any one of claims 1-3 further including the step of attaching data identifying a gift as the financial transaction to an Internet greeting card transmitted to enable carrying out the financial transaction.

9. Any one of claims 1-3 further including the step of providing a gift certificate as the financial transaction.

10. Any one of claims 1-3 further including the step of providing a coupon as the financial transaction.

11. Any one of claims 1-3 further including the step of providing a rebate as the financial transaction.

12. Any one of claims 1-3 further including the step of conveying money as the financial transaction.

13. Any one of claims 1-3 further including the step of providing a cash surrogate as the financial transaction.

14. Any one of claims 1-3 further including the step of issuing a stored value vehicle as the financial transaction.

15. Any one of claims 1-3 further including the step of facilitating the financial transaction with a computer communication from an intermediary from the group consisting of a broker, agent, and middleman.

16. Any one of claims 1-3 further including the step of executing a card account to carry out the financial transaction.

17. Any one of claims 1-3 further including the step of employing a wallet-enabled browser to communicate some of the data.

18. Any one of claims 1-3 further including the step of accessing a bank account to make a payment for the financial transaction.

20. The method of claim 1, wherein the encrypting includes encrypting with private key to private key encryption.

2. A method for using a computer system to implement a financial transaction, the method including the steps of:

using a browser to communicate payment data over the Internet;

implementing a purchase over the Internet with the payment data communicated by the browser; and

reconciling a payment for the purchase invisibly to the purchaser by using the payment data communicated by the browser to implement the financial transaction.

6. Any one of claims 2-3 further including the step of encrypting the data.

19. Any one of claims 2-3 further including the step of encrypting some of the data with private key to private key encryption.

3. A method for using a computer system to implement a financial transaction, the method including the step of:

using a computerized customer order to implement the financial transaction by triggering a communication of real time payment data from a non-customer computer to a vendor computer without customer intervention.

4. The method of claim 3, wherein the triggering is carried out over a proxy server.

5. The method of claim 3 further, wherein the triggering is carried out over an Internet-type network.

21. A method for using a computer system to implement a financial transaction, the method including the steps of:

using a browser to communicate value conveyance data to over the Internet;

implementing a redemption over the Internet with the value conveyance data communicated by the browser; and

reconciling the value conveyance for the redemption invisibly to the recipient by using the value conveyance data communicated by the browser.