Methods and systems for online transaction processing

US7580857B2 · kind B2 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Steven L. VanFleet · Southport, US
• Blake Benton · Cragsmoor, US
• Matthew T. Byrne · New York, US
• Timothy Horton · Papillion, US
• John Joseph Mascavage, III · San Mateo, US
• Cassandra Mollett · Houston, US
• Susan M. Nelson · Omaha, US
• SuZanne Rogers · Valley, US
• Rhonda D. Sargent · Cumming, US
• Martin Stivers · Glenwood, US
• Gary J. Trainor · Duluth, US
• Margaret Morgan Weichert · Redwood City, US
• Diane Wing · East Lansing, US

Key dates

• Filing date: Apr 16, 2004
• Grant date: Aug 25, 2009
• Expiry date: Jan 29, 2027

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L63/083
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems coordinate an Internet-based financial transaction between an Internet merchant and a customer. A first information packet is received with a payment network from the Internet merchant. The first information packet has a credential assigned to the customer and transaction information specifying at least a cost of the Internet-based financial transaction. With the payment network, account information is determined that identifies a financial account maintained by the customer at a financial institution and authorization information that allows debit access to the identified financial account. A second information packet that includes the transaction information, the account information, and the authorization information is generated with the payment network. The second information packet is transmitted with the payment network to the financial institution with a request to perform a debit transaction from the identified financial account for the specified cost of the Internet-based financial transaction.