Method and apparatus for ordering goods, services and content over an internetwork using a virtual payment account

• US 9,928,509 B2
• Filed: 06/07/2010
• Issued: 03/27/2018
• Est. Priority Date: 06/18/1999
• Status: Expired due to Term

• Current Assignee: Stripe, Inc.
• Original Assignee: Cria Inc.
• Inventors: Hutchison, Robin B., Llewellyn, Robert J., Viljoen, Andre F., Griffiths, David, Birch, David, Begg, Iain M.
• Primary Examiner(s): OBEID, MAMON A
• Application Number:
  US12/795,249
• Publication Number:
  US 20100306081A1
• Time in Patent Office: 2,850 Days
• Field of Search: 705 65, 705 67, 705 78, 235380
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/3676 Balancing accounts
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/3829 involving key management
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/403 Solvency checks
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0603 : Catalogue ordering
• CPC Class Codes: G06Q 30/0613 : Third-party assisted
• CPC Class Codes: G06Q 30/0617 : Representative agent
• CPC Class Codes: G06Q 40/03 : Credit; Loans; Processing thereof

Abstract

A virtual payment system for paying for goods, services and content ordered over an internetwork comprising a commerce gateway component and a credit processing server component (53) is disclosed. Buyers and sellers becomes registered participants by applying for virtual payment buyer and seller accounts. Once an account is established, a digital certificate is stored on the registered participant'"'"'s computer. A buyer can then order a product, i.e., goods, services or content from a seller and charge it to the virtual payment account. When the product is shipped, the seller notifies the commerce gateway component, which in turn notifies the credit processing server, which applies the charges to the buyer'"'"'s virtual payment account. The buyer can settle the charges using a prepaid account, a credit account, or by using reward points earned through use of the virtual payment card. A buyer may create sub-accounts.

Claims

1. A non-transitory computer-readable medium having executable components stored on a system comprising at least one buyer computer, at least one seller computer and a commerce gateway for purchasing a product from the at least one seller computer using a virtual payment account associated with the at least one buyer computer, the commerce gateway maintaining virtual payment accounts, interfacing with credit processing servers and authorizing and settling product purchases using the virtual payment accounts maintained by the commerce gateway, wherein the executable components purchase said product by:

(i) in response to said at least one seller computer receiving a request from said at least one buyer computer to purchase said product, said at least one seller computer returning a purchase order to said at least one buyer computer;

(ii) in response to said at least one buyer computer receiving said purchase order, said at least one buyer computer identifying said virtual payment account as a payment source for the purchase of said product and transmitting an authentication request to said commerce gateway requesting authentication of said virtual payment account as a payment source for the payment of the purchase of said product, wherein said at least one buyer computer identifies said virtual payment account as a payment source for the purchase of said product by retrieving a digital certificate associated with said virtual payment account and wherein said digital certificate is generated by an authenticator component upon approval of said virtual payment account and included in said authentication request transmitted to said commerce gateway and comprises a public key encryption pair;

(iii) in response to said commerce gateway receiving said authentication request, said commerce gateway determining whether said virtual payment account is associated with said digital certificate and if said virtual payment account is valid;

(iv) in response to determining that said virtual payment account is associated with said digital certificate and that said virtual payment account is valid, said commerce gateway transmitting an account identification container to said at least one buyer computer;

(v) in response to said at least one buyer computer receiving said account identification container, said at least one buyer computer transmitting a purchase confirmation including said account identification container to said at least one seller computer;

(vi) in response to said at least one seller computer receiving said purchase confirmation, said at least one seller computer transmitting an authorization request to said commerce gateway;

(vii) in response to said commerce gateway receiving said authorization request, said commerce gateway determining whether said virtual payment account may be used to pay for said product;

(viii) in response to said commerce gateway determining that said virtual payment account may be used to pay for said product, said commerce gateway transmitting a transaction authorization from said commerce gateway to said at least one seller computer and settling the purchase of said product by charging said virtual payment account for a cost associated with the purchase of said product; and

(xi) in response to said at least one seller computer receiving said transaction authorization, said at least one seller computer arranging for said product to be provided to a buyer associated with said at least one buyer computer.

2. The non-transitory computer-readable medium of claim 1, wherein said digital certificate is stored in the memory of said at least one buyer computer.

3. The non-transitory computer-readable medium of claim 1, wherein the digital certificate is retrieved from a secure token.

4. The non-transitory computer-readable medium of claim 1, wherein the executable components are also stored on a credit processing server and wherein the executable components create a virtual payment account for a buyer which may be used to pay for products by:

in response to said commerce gateway receiving application data from said buyer, said commerce gateway interfacing with said credit processing server and requesting that said credit processing server establish a virtual payment account for said buyer based on the received buyer application data;

in response to said credit processing server receiving said request to establish a virtual payment account, said credit processing server determining a credit score for each buyer based upon said buyer application data and determining whether said credit score exceeds a threshold credit score;

if said credit processing server determines that said credit score exceeds said threshold credit score, said credit processing server establishing a virtual payment account associated with said buyer and notifying said commerce gateway of the establishment of said virtual payment account; and

in response to said commerce gateway being notified of the establishment of said virtual payment account, said commerce gateway maintaining said virtual payment account and sending a digital certificate to said at least one buyer computer that uniquely identifies said buyer as the registered holder of said virtual payment account.

5. The non-transitory computer-readable medium of claim 4, wherein said digital certificate is stored in the memory of said at least one buyer computer.

6. The non-transitory computer-readable medium of claim 4, wherein said digital certificate is retrieved from a secure token.

7. The non-transitory computer-readable medium of claim 4, wherein the executable components also create a virtual payment account by:

in response to said credit processing server receiving said request to establish a virtual payment account from said commerce gateway, said credit processing server obtaining identity and credit information for said buyer; and

said credit processing server using said identity and credit information to determine said credit score.

8. The non-transitory computer-readable medium of claim 7, wherein said digital certificate is stored in the memory of said at least one buyer computer.

9. The non-transitory computer-readable medium of claim 7, wherein said digital certificate is retrieved from a secure token.

10. The non-transitory computer-readable medium of claim 1, wherein said executable components settle a virtual payment account transaction by:

in response to said commerce gateway receiving a settlement transaction request from said at least one seller computer, said commerce gateway determining that said settlement transaction request is permissible;

in response to said commerce gateway determining that said settlement transaction request is permissible, said commerce gateway processing said settlement transaction request; and

in response to said commerce gateway processing said transaction request, adjusting a seller account associated with said at least one seller computer.

11. The non-transitory computer-readable medium of claim 10, wherein said digital certificate is stored in the memory of said at least one buyer computer.

12. The non-transitory computer-readable medium of claim 10, wherein said digital certificate is retrieved from a secure token.

13. The non-transitory computer-readable medium of claim 10, wherein the executable components are also stored on a credit processing server and wherein the executable components create a virtual payment account for a buyer which may be sued to pay for products by:

in response to said commerce gateway receiving application data from said buyer, said commerce gateway interfacing with said credit processing server and requesting that said credit processing server establish a virtual payment account for said buyer based on the received buyer application data;

in response to said credit processing server receiving said request to establish a virtual payment account, said credit processing server determining a credit score for said buyer based upon said buyer application data and determining whether said credit score exceeds a threshold credit score;

if said credit processing server determines that said credit score exceeds said threshold credit score, said credit processing server establishing a virtual payment account associated with said buyer and notifying said commerce gateway of the establishment of said virtual payment account; and

in response to said commerce gateway being notified of the establishment of said virtual payment account, said commerce gateway maintaining said virtual payment account and sending said digital certificate to said at least one buyer computer that uniquely identifies said buyer as the registered holder of said virtual payment account.

14. The non-transitory computer-readable medium of claim 13, wherein said digital certificate is stored in the memory of said at least one buyer computer.

15. The non-transitory computer-readable medium of claim 13, wherein the digital certificate is retrieved from a secure token.