×

System, method and article of manufacture for conditionally accepting a payment method utilizing an extensible, flexible architecture

  • US 5,987,132 A
  • Filed: 06/17/1996
  • Issued: 11/16/1999
  • Est. Priority Date: 06/17/1996
  • Status: Expired due to Term
First Claim
Patent Images

1. A method for initiating secure communication between a first and a second computer connected to a network for receiving and transmitting payment information, comprising the steps of:

  • (a) establishing a communication link between said first and said second computer via said network;

    (b) identifying an encryption procedure and a decryption procedure utilized by said first and said second computer;

    (c) transmitting encrypted payment information, including a payment instrument, from said first computer to said second computer using the communication link;

    (d) receiving said encrypted payment information at said second computer using the communication link and decrypting the payment information utilizing the decryption procedure; and

    (e) evaluating credit risk based on the payment information including a presence or absence of a certificate; and

    (f) utilizing said payment information for further payment processing.

View all claims
  • 10 Assignments
Timeline View
Assignment View
    ×
    ×