System, method and article of manufacture for the use of payment instrument holders and payment instruments in network electronic commerce
US5963924A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Apr 26, 1996 |
| Grant date | Oct 5, 1999 |
| Priority date | — |
| Expiry date | Apr 26, 2016 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F19/201
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An electronic monetary system provides for transactions utilizing an electronic-monetary system that emulates a wallet or a purse that is customarily used for keeping money, credit cards and other forms of payment organized. Access to the instruments in the wallet or purse is restricted by a password to avoid unauthorized payments. An appropriate indicia such as color, an icon or other information associated with the display screen will be used to communicate security authorization for a particular instrument, payment instrument or payment instrument holder. When access is authorized, a graphical representation of the payment instruments is presented on the display to enable a user to select a payment method of their choice. Once a payment instrument is selected, a summary of the goods for purchase are presented to the user and the user enters their electronic approval for the transaction or cancels the transaction. Electronic approval results in the generation of an electronic transaction to complete the order.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.