ELECTRONIC RETAIL SYSTEM

• US 20160148312A1
• Filed: 11/20/2015
• Published: 05/26/2016
• Est. Priority Date: 09/08/1999
• Status: Active Grant

• Current Assignee: Teddy A. Demirjian
• Original Assignee: Teddy A. Demirjian
• Inventors: Demirjian, Teddy A.
• Granted Patent: US 10,438,203 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

An Internet based system for executing transactions is described. The system may include transaction data, a database, a business logic manager and user profiles. A rules may also be included, and store information about system responses to modifications of the data. The user profiles may be configured to store information concerning the availability of information and displays depending upon the user.

Claims

1. An electronic financial transaction system for managing retail financial transactions having stored retail financial information, comprising:

a financial transaction information database comprising retail financial information from a plurality of users;

a user profile database comprising a user profile for each user of the system, wherein the user profile comprises user information that specifies one or more retail financial accounts available to the user;

a business logic manager running on a processor and configured to manage the user financial accounts and financial information for each user and define whether the user is authorized to execute a retail financial transaction within the system; and

a financial transaction manager running on the processor and configured to cause one or more processors to execute retail financial transaction requests from the user based on said authorization to execute said retail financial transaction.