Electronic transaction system and method

• US 8,326,744 B2
• Filed: 03/23/2012
• Issued: 12/04/2012
• Est. Priority Date: 09/08/1999
• Status: Expired due to Fees

• Current Assignee: Teddy A. Demirjian
• Original Assignee: Teddy A. Demirjian
• Inventors: Demirjian, Teddy A.
• Primary Examiner(s): Cheung, Mary
• Assistant Examiner(s): GREENE, DANIEL LAWSON
• Application Number:
  US13/429,035
• Publication Number:
  US 20120185361A1
• Time in Patent Office: 256 Days
• Field of Search: 705/35, 705/37
• US Class Current: 705/37
• 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 transaction management system configured to manage a plurality of client accounts, comprising:

a transaction information database comprising transaction information from a plurality of clients;

a user profile database comprising a user profile for each user of the system, wherein said user profile comprises access rights specifying one or more transactions available to the user, an algorithm to use to execute the one or more transactions, and a screen setting parameter that indicates to an Internet browser how to display the transaction information from the database to the user;

a host server comprising a presentation manager, wherein the presentation manager is linked to the user profile database and operative to modify the user profiles so each user is presented with a customized display of account transactions when viewed in the Internet browser;

a business logic manager configured to read instructions from a database module, wherein the instructions comprise custom transaction information for each user, and define whether the user is authorized to execute a transaction within the electronic transaction system; and

a transaction manager configured execute transaction requests from the business logic manager according to a predetermined algorithm.

2. The electronic transaction management system of claim 1, further comprising a data exchange link with an external system, wherein data representing the transaction to be executed is formatted by the electronic transaction management system in accordance with a user profile associated with each external system and sent to the external system for execution if sufficient rights for the transaction were determined.

3. The electronic transaction management system of claim 1, wherein the transaction management system is a retail store transaction management system, and the data exchange link is a link to a vendor of the retail store.

4. The electronic transaction management system of claim 1, wherein executing transactions comprises executing securities transactions.

5. The electronic transaction management system of claim 1, wherein executing transactions comprises executing an online order from a retail store system.

6. The electronic transaction management system of claim 1, wherein the custom logic routines are business rules.

7. The electronic transaction management system of claim 1, wherein the transaction manager and the business logic manager run in parallel.

8. The electronic transaction management system of claim 1, further comprising security software that uniquely identifies the user to the system transaction management system.

9. The electronic transaction management system of claim 1, wherein the transaction management system is a multitasking engine capable of executing a plurality of transactions simultaneously.

10. An electronic system configured to execute electronic transactions from a user over a network, comprising:

a transaction manager configured to receive a transaction to be executed by the user;

at least one database that stores user entitlements, screen settings and custom algorithms for the user;

a presentation manager configured to determine the information that the user can view in an Internet browser based on the screen settings; and

a business logic manager configured to make a call to the at least one database to determine an algorithm to execute for the transaction, wherein the transaction manager is configured to execute the transaction based on the determined algorithm.

11. The system of claim 10, wherein the transaction manager is configured to categorize the transaction into a business component handled by the business logic manager and a presentation layer which is handled by the presentation manager.

12. The system of claim 10, wherein the at least one database comprises information defining the functions that the user can perform in the system.

13. The system of claim 10, wherein the business logic manager is configured to apply business rules to further determine if there are any limitations on how the transaction can be executed by the user.

14. The system of claim 10, wherein the transaction is an online order and the system is an electronic retail store system.

15. The system of claim 10, wherein the system is hosted on one or more servers.