Online Payment System for Merchants
1 Assignment
0 Petitions
Accused Products
Abstract
A payment system that utilises the Internet to gain access to an Internet banking system enabling a user to purchase merchandise bought through an online merchant or merchant who has Internet access in their store is disclosed. The payment system may also be utilised to provide a means for a user to retrieve and view balances and account transaction information for their bank accounts and to transfer funds between accounts. The system uses a “virtual pin-pad” which provides a web-based, stand-alone method of payment that is independent of banks and capable of performing real-time currency conversions.
150 Citations
79 Claims
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1-41. -41. (canceled)
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42. :
- A user activated payment system for use when purchasing goods and/or services from a remote computerised vendor system comprising;
an electronic input means providing said user with a means to provide input to said remote computerised vendor system, a virtual terminal residing on said remote computerised vendor system capable of being activated by said user using said electronic input means, to undertake financial transactions under the control of a third party transaction system, and at least one database record located on said third party transaction system corresponding to the said user'"'"'s identity and used to identify said user and sending said user a unique user specified word for display on said virtual terminal corresponding to said user'"'"'s identity thereby enabling said user to operate said virtual terminal to undertake said financial transactions. - View Dependent Claims (43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53)
- A user activated payment system for use when purchasing goods and/or services from a remote computerised vendor system comprising;
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54. :
- A method of undertaking a user activated payment for making financial transactions online on gaining access to a remote computerised vendor system comprising the steps of;
activating a virtual terminal on said remote computerised vendor system, inputting data on said virtual terminal to undertake a financial transaction with said remote computerised vendor system via a third party transaction system, and wherein said user inputs data to said virtual terminal to select a financial institution which provides an online financial transaction service through which said user performs all their financial transactions and on selection said user may perform a financial transaction in order to purchase goods and/or services using said third party transaction system as a payment gateway and on completion of said financial transaction, deactivating said virtual terminal. - View Dependent Claims (55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65)
- A method of undertaking a user activated payment for making financial transactions online on gaining access to a remote computerised vendor system comprising the steps of;
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66. :
- A method of making a financial transaction online using a virtual terminal activated from a web-based system residing on a remote computerised vendor system comprising the steps of;
selecting a product and/or service online from said web-based system activated on said remote computerised vendor system, activating said virtual terminal from said web-based system, selecting a financial institution and an account type from a menu on said virtual terminal, inputting on said virtual terminal a user'"'"'s primary authentication information enabling said user to gain access to said account type, receiving and displaying a user verification data on said virtual terminal, verifying said user verification data, receiving and displaying a security certificate which is common to each web-based site interacting with said user, verifying said security certificate each time said user interacts with each of said web-based site, confirming details of said financial transaction, receiving a confirmation that said financial transaction has been accepted, and deactivating said virtual terminal on completion of all of said transactions. - View Dependent Claims (67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79)
- A method of making a financial transaction online using a virtual terminal activated from a web-based system residing on a remote computerised vendor system comprising the steps of;
Specification