Invention Grant
- Patent Title: Secure and efficient payment processing system with account holder defined transaction limitations
- Patent Title (中): 安全高效的支付处理系统,帐户持有人定义交易限制
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Application No.: US10011690Application Date: 2001-11-13
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Publication No.: US08170954B2Publication Date: 2012-05-01
- Inventor: Michael A. Keresman, III , Ravishankar Bhagavatula , Chandra Balasubramanian , Francis M. Sherwin
- Applicant: Michael A. Keresman, III , Ravishankar Bhagavatula , Chandra Balasubramanian , Francis M. Sherwin
- Applicant Address: US OH Mentor
- Assignee: CardinalCommerce Corporation
- Current Assignee: CardinalCommerce Corporation
- Current Assignee Address: US OH Mentor
- Agency: Fay Sharpe LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method for carrying out commercial transactions includes establishing a transaction processing system on an electronic communications network, and establishing an account within the transaction processing system for a corresponding account holder. One or more descriptions of acceptable future commercial transactions related to the account are obtained from the account holder. Commercial transactions carried out via the transaction processing system are administered, and it is verified that administered commercial transactions related to the account meet one or more of the descriptions obtained.
Public/Granted literature
- US20020046169A1 Secure and efficient payment processing system Public/Granted day:2002-04-18
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