METHOD, DEVICE, AND SYSTEM FOR COMPLETING ON-LINE FINANCIAL TRANSACTIONS
First Claim
1. A device for conducting a secure transaction over a network, the device comprising:
- a first network connection communicatively coupled to at least one network device; and
a processor communicatively coupled to the at least one network connection, the processor operable to;
receive, over the at least one network connection, a price and a transaction identifier from a merchant, the transaction identifier identifying a selection made by a user;
receive, over the at least one network connection, a user identifier;
receive from a user, over the at least one network connection, a selection of a financial institution from a list including non-integrated financial institutions;
initiate, over the at least one network connection, an electronic communication session with the selected financial institution;
receive, over the at least one network connection, a financial-institution user-identifier from the user;
communicate, over the at least one network connection, the financial-institution user-identifier to the selected financial institution;
participate, over the at least one network connection, in a user-free electronic dialogue with the financial institution, the dialogue including a request to transfer funds from the financial institution;
identify receipt of the funds into an intermediate account from the selected financial institution; and
direct the funds to an account identified by the merchant.
7 Assignments
0 Petitions
Accused Products
Abstract
A method for conducting a secure transaction over a network includes the steps of receiving a price and a transaction identifier from a merchant, the transaction identifier identifying a purchase selection made by a user, receiving a user identifier from a user, receiving a financial institution selection from the user, initiating a communication session with the selected financial institution, receiving a financial-institution user-identifier from the user, communicating the financial-institution user-identifier to the selected financial institution, communicating to the selected financial institution a request to transfer funds, receiving the funds from the selected financial institution, and sending the funds to the merchant.
-
Citations
2 Claims
-
1. A device for conducting a secure transaction over a network, the device comprising:
-
a first network connection communicatively coupled to at least one network device; and a processor communicatively coupled to the at least one network connection, the processor operable to; receive, over the at least one network connection, a price and a transaction identifier from a merchant, the transaction identifier identifying a selection made by a user; receive, over the at least one network connection, a user identifier; receive from a user, over the at least one network connection, a selection of a financial institution from a list including non-integrated financial institutions; initiate, over the at least one network connection, an electronic communication session with the selected financial institution; receive, over the at least one network connection, a financial-institution user-identifier from the user; communicate, over the at least one network connection, the financial-institution user-identifier to the selected financial institution; participate, over the at least one network connection, in a user-free electronic dialogue with the financial institution, the dialogue including a request to transfer funds from the financial institution; identify receipt of the funds into an intermediate account from the selected financial institution; and direct the funds to an account identified by the merchant.
-
-
2. A method for conducting a secure transaction over a network, the method comprising:
-
receiving a purchase selection at a merchant site; communicating a transaction identifier and a purchase price from the merchant site to a debit agent residing on a network processing and communication device; receiving at the debit agent a user identifier from a user; receiving at the debit agent a selection of a financial institution selected from a list including non-integrated financial institutions; initiating with the debit agent a communication session with the selected financial institution; receiving at the debit agent a financial-institution user-identifier from the user; communicating the financial-institution user-identifier from the debit agent to the selected financial institution; participating in a user-free electronic dialogue between the debit agent and the financial institution, the dialogue including a request to transfer funds from the financial institution; receiving into an intermediate account the funds from the selected financial institution; and transferring with the debit agent the funds from the intermediate account to an account identified by the merchant.
-
Specification