Method, device, and system for completing on-line financial transaction

US7720764B2 · kind B2 · utility

Inventors

• Kenneth James Emerson · Toronto, CA
• Edward Vincent O'Meara · Toronto, CA
• Qun Chen · Longbeilingcun, CN

Key dates

• Filing date: Feb 1, 2008
• Grant date: May 18, 2010
• Expiry date: Feb 1, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for conducting a secure transaction over a network includes the steps of receiving a price and a transaction identifier from a merchant, the transaction identifier identifying a purchase selection made by a user, receiving a user identifier from a user, receiving a financial institution selection from the user, initiating a communication session with the selected financial institution, receiving a financial-institution user-identifier from the user, communicating the financial-institution user-identifier to the selected financial institution, communicating to the selected financial institution a request to transfer funds, receiving the funds from the selected financial institution, and sending the funds to the merchant.