System for facilitating online electronic transactions
US7210620B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jan 4, 2005 |
| Grant date | May 1, 2007 |
| Priority date | — |
| Expiry date | Jan 19, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/40
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The invention provides systems and methods within existing business and technology infrastructures and processes for facilitating an electronic transaction including payment by an account issuer to a merchant for online purchases by a consumer. The invention uses a web services model including request and response messages to provide simplified authentication and authorization through entry of the consumer's PIN, without the release of the consumer's account or billing information to the merchant. The invention reduces authorization processing, and reduces the transaction fees for online transactions, increasing the viability of lower value transactions.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.