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SECURE AND EFFICIENT PAYMENT PROCESSING SYSTEM

  • US 20090119205A1
  • Filed: 10/15/2008
  • Published: 05/07/2009
  • Est. Priority Date: 10/01/1999
  • Status: Active Grant
First Claim
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1. A method for carrying out commercial transactions, said method comprising the steps of:

  • (a) establishing a transaction processing system on an electronic communications network;

    (b) establishing an account within the transaction processing system for a corresponding account holder;

    (c) obtaining from the account holder a session description of acceptable future commercial transactions related to the account;

    (d) administering commercial transactions carried out via the transaction processing system; and

    ,(e) verifying that administered commercial transactions related to the account meet one or more of the session description.

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