Electronic bond and guaranty process and business method
First Claim
1. A method for providing security in a client-server environment, comprising:
- receiving, via the client-server environment, a request for an electronic seal;
creating, by a processor, the electronic seal after receiving the request,wherein the electronic seal is displayable within an electronic document in the client-server environment to provide a certification for the electronic document in the client-server environment,the electronic seal includes a link that is clickable in the client server-environment, andat least one of the electronic seal and the link indicates a validity period of the certification.
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Accused Products
Abstract
Disclosed is a method by which suretyship bonds and guaranties can be purchased and deployed over the Internet in real time, providing automatic application evaluation and policy binding. The principal'"'"'s credit card information is used in a repeating cycle of pre-authorized charges so that the card account serves as effective collateral. A bond seal image, safeguarded against piracy, appears in Web pages indicating the existence of bond coverage. A dynamically updated gauge displays the margin of coverage available under the bond at any given moment. Means of integrating the information technology of auction site and surety company are also disclosed. The invention makes possible an unprecedented level of security in user-to-user auction environments and eliminates the need for online escrow services. Means of accepting bidder deposit accounts is also disclosed, enabling automatic, electronic payment the moment an Internet auction closes and eliminating the need for online payment services.
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Citations
23 Claims
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1. A method for providing security in a client-server environment, comprising:
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receiving, via the client-server environment, a request for an electronic seal; creating, by a processor, the electronic seal after receiving the request, wherein the electronic seal is displayable within an electronic document in the client-server environment to provide a certification for the electronic document in the client-server environment, the electronic seal includes a link that is clickable in the client server-environment, and at least one of the electronic seal and the link indicates a validity period of the certification. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 22)
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18. A server computer for providing security in a client-server environment, comprising:
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a receiver that receives a request for an electronic seal via the client-server environment; and a processor that creates the electronic seal after the receiver receives the request; wherein the electronic seal is displayable within an electronic document in the client-server environment to provide a certification for the electronic document in the client-server environment, the electronic seal includes a link that is clickable in the client server-environment, and at least one of the electronic seal and the link indicates a validity period of the certification. - View Dependent Claims (19, 20, 21, 23)
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Specification