Method and system for automatically issuing digital merchant based online payment card

• US 20090292642A1
• Filed: 07/06/2006
• Published: 11/26/2009
• Est. Priority Date: 07/06/2005
• Status: Abandoned Application

• Current Assignee: Yanchou Han
• Original Assignee: Yanchou Han
• Inventors: Han, Yanchou
• Application Number:
  US12/295,698
• Publication Number:
  US 20090292642A1
• Time in Patent Office: Days
• US Class Current: 705/71
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• 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 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

An online payment card is a digital form card derived from a credit/debit card or bank account of a customer. A central service provider issues the online payment card electronically to a registered merchant system under the authorization of the owner of the ordinary credhVdebit or bank account. The central service provider maintains the association of the online payment card with the ordinary credit/debit card or bank account of the customer, and the identity of the merchant that the payment is issued to. The merchant handles the online payment card in the same manner as ordinary card. When the merchant submits a request for authorization, the central service provider verifies if the online payment card is associated with the merchant who submits the authorization request. If the verification successes, the central service provider process the authorization request using the ordinary credit/debit which is associated with the online payment card.

Claims

1. A method for facilitating online commerce, comprising:

receiving a payment request at a credit facility;

sending a payment identifier to a merchant based on the payment request.

2. The method of claim 1 wherein receiving a payment request includes receiving a customer network connection, and further comprising:

creating an account for the customer with the credit facility, if said account does not exist;

authenticating the customer at the credit facility;

retrieving a customer regular payment method based on customer identity; and

creating a payment identifier based on payment request and customer regular payment method.

3. The method of claim 1 wherein the payment identifier is one of a one time credit card, credit card, debit card, and electronic check.

4. The method of claim 1 wherein the payment identifier is a merchant based credit card, further comprising:

determining a first merchant identifier associated with the payment request;

determining a payment identifier associated with the merchant identifier; and

associating the payment identifier and first merchant identifier.

5. The method of claim 4, further comprising:

determining a life span of the payment identifier.

6. The method of claim 4, further comprising:

receiving a payment identifier and a second merchant identifier from a merchant; and

comparing the first merchant identifier and second merchant identifier.

7. A method for facilitating online commerce, the method comprising:

receiving a request to pay at a merchant server from a customer;

sending a payment request to a credit facility from the merchant server;

redirecting the customer to the credit facility based on the sending of the payment request; and

receiving a payment identifier at the merchant server from the credit facility.

8. The method of claim 7 wherein the payment identifier is one of a merchant based credit card, one time credit card, credit card, debit card, electronic check.

9. The method of claim 7 wherein redirecting the customer to a credit facility comprises:

receiving a credit facility indicator from the customer;

determining at least one credit facility address based on the received credit facility indicator; and

sending the credit facility address and redirection instructions to the customer.

10. The method of claim 7 wherein redirecting the customer to a credit facility comprises:

receiving a credit facility indicator from the customer;

determining at least one credit facility address based on the received credit facility indicator;

sending a customer credit payment request to the credit facility associated with the credit facility address based on the credit facility indicator; and

receiving a customer credit payment identifier from the credit facility based on the customer credit payment request.

11. A method for facilitating online commerce between a merchant and a customer, the method comprising:

receiving a request to pay at the merchant from the customer;

sending the customer a payment request based on the request to pay, the payment request including a merchant ID;

redirecting the customer to a credit facility;

receiving a payment identifier; and

transmitting the payment identifier to the credit facility.

12. The method of claim 11 wherein sending the payment request comprises creating the payment request, and wherein redirecting the customer includes redirecting the payment request, and wherein the payment identifier is received from the credit facility.

13. The method of claim 11 wherein the payment identifier includes a digital signature signed by the credit facility using the private key of PKI key pair.

14. The method of claim 11 wherein receiving a payment identifier request comprises receiving a redirected network connection from a customer and wherein transmitting the payment identifier to the customer comprises redirecting the customer to the merchant.

15. The method of claim 11 further comprising:

determining a credit transaction challenge history; and

determining the payment identifier based on the credit transaction challenge history.

16. The method of claim 11 further comprising:

determining a trust history; and

determining the payment identifier based on the trust history.