INTERNET-BASED MONEY ORDER SYSTEM
7 Assignments
0 Petitions
Accused Products
Abstract
A system and method for purchasing a money order via the internet including the steps of providing an internet based money order system capable of generating money orders upon the receipt of a purchase request by a prospective buyer via the internet for a predetermined amount of funds. The prospective buyer transmits information to the money order system. via the internet, which information is required to purchase the money order. The money order is then remotely generated by the money order system and is delivered to an intended recipient of the money order.
69 Citations
16 Claims
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1-4. -4. (canceled)
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5. A method of purchasing a money order from a money order system via the Internet for the purchase of goods purchased from an Internet-based auction transaction, wherein the money order is guaranteed by a third party other than a seller or a buyer in the auction transaction, the method including the steps of:
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awarding a bid to a buyer for goods to be purchased from a seller from an auction process conducted between said buyer and seller via the Internet on an Internet auction site; contacting an Internet site for said money order system via the Internet by said buyer with a computing device after said bid is awarded to said buyer by the Internet auction site; transmitting information to said money order system via the Internet to purchase said money order for said sale of said goods won during the auction process with the Internet auction site, said information including at least said buyer'"'"'s identification, an identification of said seller and a financial amount for the money order, wherein said financial amount is related to the bid; printing in an automated manner a money order that is backed by someone other than the buyer from said money order system upon receipt of said transmitted information from said buyer; initiating physical delivery from money order system said generated money order to said seller; and initiating physical delivery of said goods from said seller to buyer after said money order is printed. - View Dependent Claims (6, 7, 8, 9, 10)
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11. A system participating in an auction and paying with a money order that is backed by a third party, the system comprising:
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a server configured to conduct an Internet-based auction via a web site, said server further configured to cause to be displayed, via said web site, a money order request selection selectable by a bidder that participated in an auction conducted via said web site; and a money order sub-system that is accessed via said web site upon selection by the bidder of said money order request selection, said money order sub-system configured for processing a money order request, said processing comprising; requesting funds for a money order transaction upon receipt of a money order request; upon confirmation of receipt of the requested funds, instructing a money order dispensing apparatus to print a money order that is backed by someone other than the bidder; and confirming to the bidder that the money order request has been fulfilled with an automatically-generated electronic message. - View Dependent Claims (12, 13, 14, 15)
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16-26. -26. (canceled)
Specification