METHOD AND APPARATUS FOR ORDERING GOODS, SERVICES AND CONTENT OVER AN INTERNETWORK USING A VIRTUAL PAYMENT ACCOUNT

• US 20100306081A1
• Filed: 06/07/2010
• Published: 12/02/2010
• Est. Priority Date: 06/18/1999
• Status: Active Grant

• Current Assignee: Stripe, Inc.
• Original Assignee: eCharge Corporation
• Inventors: Griffiths, David, Hutchison, Robin B., Begg, Iain M., Llewellyn, Robert J., Viljoen, Andre F., Birch, David
• Granted Patent: US 9,928,509 B2
• Time in Patent Office: Days
• US Class Current: 705/26.43
• 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. Computer-readable medium having executable components stored on a buyer computer, a seller computer and a commerce gateway for purchasing a product from the seller computer using a virtual payment account associated with the buyer computer, wherein the executable components purchase said product by:

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

(ii) in response to said buyer computer receiving said purchase order, said buyer computer identifying said virtual payment account as a payment source for said product and transmitting an authentication request to said commerce gateway, wherein said buyer computer identifies said virtual payment account as a payment source for said product by retrieving a digital certificate associated with said virtual payment account and wherein said digital certificate is included in said authentication request transmitted to said commerce gateway;

(iii) determining at said commerce gateway whether said virtual payment account is associated with said buyer computer and if said virtual payment account is valid;

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

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

(vi) in response to receiving said purchase confirmation, said 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 seller computer and charging said virtual payment account for a cost associated with said product; and

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

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

3. The computer-readable medium of claim 2, wherein the digital certificate is retrieved from a secure token.

4. The computer-readable medium of claim 1, wherein:

if the buyer computer cannot identify a virtual payment account as a payment source for said product, the buyer computer requesting the buyer to enter an alternate identification;

if an alternate identification is entered, said buyer computer transmitting an alternate authentication request rather than said authentication request to said commerce gateway;

determining at said commerce gateway whether the alternate payment account is associated with the buyer; and

if an alternate payment account is associated with the buyer, said commerce gateway transmitting said account identification container to said buyer computer.

5. The 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 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 gateway 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 sending a digital certificate to said buyer computer that uniquely identifies said buyer as the registered holder of said virtual payment account.

6. The computer-readable medium of claim 5, wherein said digital certificate is stored in the memory of said buyer computer.

7. The computer-readable medium of claim 6, wherein the digital certificate is retrieved from a secure token.

8. The computer-readable medium of claim 5, wherein:

if the buyer computer cannot identify a virtual payment account as a payment source for said product, the buyer computer requesting the buyer to enter an alternate identification;

if an alternate identification is entered, said buyer computer transmitting an alternate authentication request rather than said authentication request to said commerce gateway;

determining at said commerce gateway whether the alternate payment account is associated with the buyer; and

if an alternate payment account is associated with the buyer, said commerce gateway transmitting said account identification container to said buyer computer.

9. The computer-readable medium of claim 5, wherein the executable components also create a virtual payment account by:

in response to said commerce gateway receiving application data from said buyer, said credit processing server obtaining identity and credit information for said buyer; and

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

10. The computer-readable medium of claim 9, wherein said digital certificate is stored in the memory of said buyer computer.

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

12. The 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 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 seller computer.

13. The computer-readable medium of claim 12, wherein said digital certificate is stored in the memory of said buyer computer.

14. The computer-readable medium of claim 13, wherein said digital certificate is retrieved from a secure token.

15. The computer-readable medium of claim 12, wherein:

if the buyer computer cannot identify a virtual payment account as a payment source for said product, the buyer computer requesting the buyer to enter an alternate identification;

if an alternate identification is entered, said buyer computer transmitting an alternate authentication request rather than said authentication request to said commerce gateway;

determining at said commerce gateway whether the alternate payment account is associated with the buyer; and

if an alternate payment account is associated with the buyer, said commerce gateway transmitting said account identification container to said buyer computer.

16. The computer-readable medium of claim 12, 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 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 gateway 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 sending a digital certificate to said buyer computer that uniquely identifies said buyer as the registered holder of said virtual payment account.

17. The computer-readable medium of claim 16, wherein said digital certificate is stored in the memory of said buyer computer.

18. The computer-readable medium of claim 17, wherein the digital certificate is retrieved from a secure token.

19. The computer-readable medium of claim 12, wherein:

if the buyer computer cannot identify a virtual payment account as a payment source for said product, the buyer computer requesting the buyer to enter an alternate identification;

if an alternate identification is entered, said buyer computer transmitting an alternate authentication request rather than said authentication request to said commerce gateway;

determining at said commerce gateway whether the alternate payment account is associated with the buyer; and

if an alternate payment account is associated with the buyer, said commerce gateway transmitting said account identification container to said buyer computer.