System for securing commercial transactions conducted on-line

• US 6,405,177 B1
• Filed: 04/28/2000
• Issued: 06/11/2002
• Est. Priority Date: 04/28/2000
• Status: Expired due to Fees

• Current Assignee: Joseph Dimattina
• Original Assignee: Joseph Dimattina
• Inventors: DiMattina, Joseph
• Primary Examiner(s): Rice, Kenneth R.
• Assistant Examiner(s): JASMIN, LYNDA C
• Application Number:
  US09/561,069
• Time in Patent Office: 774 Days
• Field of Search: 705/26, 705/27, 705/4
• US Class Current: 705/26.41
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

The invention is an on-line business method which will enable on-line retailers to offer the following on-line financial guarantee services to their customers: the financial guarantee of a secure credit card transaction; the financial guarantee of a genuine product at the advertised purchase price; the financial guarantee of the delivery and return policy of the item being purchased; and the financial guarantee that the implied or specific warranty of the item purchased will be honored. All of the above services are offered as a one-click point of sale solution.

Claims

1. A system for securing on-line commercial transactions, comprising:

a. means for conducting a commercial transaction on-line between a purchaser and an electronic retailer;

b. a single-action component that in response to only a single action being performed by said purchaser, submits a request to secure said commercial transaction along with information about said commercial transaction to an insurance provider'"'"'s server, calculates an additional amount which said purchaser has to pay to secure said commercial transaction, and displays a total amount due from said purchaser for a secured commercial transaction; and

c. means for sending to said purchaser a certificate of financial guarantee in response to said purchaser'"'"'s agreeing to pay said total amount due for said secured transaction.

2. A system for securing on-line commercial transactions in accordance with claim 1, wherein said single-action component calculates said additional amount on a retailer'"'"'s server.

3. A system for securing on-line commercial transactions in accordance with claim 1, wherein said single-action component calculates said additional amount on said insurance provider'"'"'s server.

4. A method for securing commercial transactions conducted on-line, comprising the steps of:

a. conducting a commercial transaction on-line between a purchaser and an electronic retailer;

b. in response to only a single action being performed by said purchaser, submitting a request to secure said commercial transaction along with information about said commercial transaction to an insurance provider'"'"'s server, calculating an additional amount which said purchaser has to pay to secure said commercial transaction, and displaying a total amount due from said purchaser for a secured commercial transaction; and

c. in response to said purchaser'"'"'s agreeing to pay said total amount due for said secured transaction, sending to said purchaser a certificate of financial guarantee.

5. A method for securing commercial transactions conducted on-line in accordance with claim 4, wherein said step of calculating an additional amount which said purchaser has to pay to secure said commercial transaction is performed by said electronic retailer.

6. A method for securing commercial transactions conducted on-line in accordance with claim 4, wherein said step of calculating an additional amount which said purchaser has to pay to secure said commercial transaction is performed by said insurance provider on said insurance provider'"'"'s server.

7. A method for securing commercial transactions conducted on-line in accordance with claim 4, wherein said single action is clicking a button.

8. A system for providing a financially secured transaction on-line, comprising:

a. an electronic retailer'"'"'s website, said retailer'"'"'s website is configured to present to a purchaser information about a product selected by said purchaser;

b. an insurance provider'"'"'s server, further comprising a storage server, said storage server being configured to store data about said financially secured transaction, and an e-mail server, said e-mail server being configured to send to said purchaser an e-mail containing a certificate of financial guarantee;

c. means for calculating an amount which said purchaser has to pay to secure purchase of said selected product; and

d. means for billing said purchaser for said financially secured transaction.

9. A system for providing a financially secured transaction on-line in accordance with claim 8, wherein said means for calculating an amount which said purchaser has to pay to secure purchase of said selected product is located on said electronic retailer'"'"'s website.

10. A system for providing a financially secured transaction on-line in accordance with claim 8, wherein said means for calculating an amount which said purchaser has to pay to secure purchase of said selected product is located on said insurance provider'"'"'s server.

11. A system for providing a financially secured transaction on-line in accordance with claim 10, wherein said means for billing said purchaser for said financially secured transaction is located on said electronic retailer'"'"'s website.

12. A system for providing a financially secured transaction on-line in accordance with claim 10, wherein said means for billing said purchaser for said financially secured transaction is located on said insurance provider'"'"'s server.

13. A system for providing a financially secured transaction on-line in accordance with claim 8, further comprising claim initiating means for initiating an insurance claim when a predetermined condition of said financially secured transaction is not fulfilled.

14. A system for providing a financially secured transaction on-line in accordance with claim 13, wherein said claim initiating means is embedded within said e-mail containing said certificate of financial guarantee which is sent to said purchaser from said e-mail server.

15. A system for providing a financially secured transaction on-line in accordance with claim 13, wherein said claim initiating means are configured to allow said purchaser to access said data about said secured transaction stored on said storage server.