ELECTRONIC BEARER BOND ONLINE TRANSACTION AND CARD SYSTEM AND METHOD THEREOF

• US 20130151406A1
• Filed: 02/04/2013
• Published: 06/13/2013
• Est. Priority Date: 07/24/2000
• Status: Active Grant

• Current Assignee: Ahsan I. Raja
• Original Assignee: Ahsan I. Raja
• Inventors: RAJA, Ahsan I.
• Granted Patent: US 10,825,016 B2
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/34 using cards, e.g. integrated circuit [IC] cards or magnetic cards
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/3678 e-cash details, e.g. blinded, divisible or detecting double spending
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An electronic transaction system, comprising bearer bond means for providing an online electronic bearer bond having a monetary value, transaction means for performing monetary transactions with said bearer bond means, and network means for providing user access to said bearer bond means and said transaction means. A method and system of an electronic transaction is provided where the method includes issuing information of a card having a monetary value and applying the monetary value of the card towards a payment for a transaction.

Claims

1. A method of an electronic transaction, comprising:

issuing information of a card having a monetary value, the card being configured to be used towards payment; and

applying the monetary value of the card towards a payment for a transaction.

2. The method according to claim 1, wherein an image containing the information of the card is sent to a phone, and the phone is used to make the payment for the transaction.

3. The method according to claim 1, wherein the card is useable in same manner as a credit, debit, or prepaid card.

4. The method according to claim 1, comprising:

generating an electronic mail account linked to the card.

5. The method according to claim 1, comprising:

receiving a selection of a payment protocol in relation to the card from a user, and

applying the payment via the card using the payment protocol.

7. The method according to claim 1, wherein the payment is applied without linking identity of a consumer conducting the transaction.

8. The method according to claim 1, wherein the information of the card issued does not contain identity of a user purchasing the card.

6. The method according to claim 6, wherein the card serves as a universally accepted form of payment equivalent to one of a real world cash transaction independent of identity of the user.

9. A card transaction system, comprising:

a database configured to store information of a card having a monetary value, the card being configured to be used towards payment; and

a network configured to exchanged data applying the monetary value of the card towards a payment for a transaction.

10. A computer readable medium having stored therein a program to cause a computer to execute a transaction, comprising:

issuing information of a card having a monetary value, the card being configured to be used towards payment; and

applying the monetary value of the card towards a payment for a transaction.

11. The computer readable medium according to claim 10, wherein an account number and a PIN provided at the issuing is required for the transaction.

12. The computer readable medium according to claim 11, wherein an image containing the information of the card is sent to a phone, and the phone is used to make the payment for the transaction.

13. The computer readable medium according to claim 10, wherein the payment for the transaction is provided using an existing protocol acceptable by a merchant.