System, method and article of manufacture for dynamic negotiation of a network payment framework
US6061665A · kind A · utility
Assignee
Inventor
Key dates
| Filing date | Jun 6, 1997 |
| Grant date | May 9, 2000 |
| Priority date | — |
| Expiry date | Jun 6, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/102
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system that facilitates the coupling of a plurality of clients to one or more merchants utilizing a network to conduct commerce over the network is disclosed. When a client initiates a connection with a merchant, the merchant responds to the request for connection by transmitting one or more messages back to the client to determine a particular payment processing which entails determining a suitable payment instrument, a payment protocol and standard message formats for conducting the electronic commerce. The payment protocol comprises a message format, a protocol associated with the message format and a weight associated with each of the items associated with the payment processing. The weight is provided by both the client and the merchant to facilitate dynamic negotiation of a mutually acceptable payment processing. The negotiation results in the exchange of standard message formats that the client and the merchant are equipped to process efficiently and securely.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.