×

Methods and systems for online transaction processing

  • US 20050234833A1
  • Filed: 04/16/2004
  • Published: 10/20/2005
  • Est. Priority Date: 04/16/2004
  • Status: Active Grant
First Claim
Patent Images

1. A method for coordinating an Internet-based financial transaction between an Internet merchant and a customer, the method comprising:

  • receiving, with a payment network, a first information packet from the Internet merchant, the first information packet comprising a credential assigned to the customer and transaction information specifying at least a cost of the Internet-based financial transaction;

    determining from the credential, with the payment network, account information that identifies a financial account maintained by the customer at a financial institution and authorization information that allows debit access to the identified financial account;

    generating, with the payment network, a second information packet comprising the transaction information, the account information, and the authorization information; and

    transmitting, with the payment network, the second information packet to the financial institution with a request to perform a debit transaction from the identified financial account for the specified cost of the Internet-based financial transaction.

View all claims
  • 9 Assignments
Timeline View
Assignment View
    ×
    ×