Multicurrency exchanges between participants of a network-based transaction facility
US7742985B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 26, 2003 |
| Grant date | Jun 22, 2010 |
| Priority date | — |
| Expiry date | Jul 26, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and apparatus for facilitating online payment transactions in multiple currencies between participants of a network-based transaction facility are described. In one embodiment, a user interface is communicated to a sender via a communications network. The user interface facilitates sender input with respect to a desired currency in which a payment to a recipient is to be made. Further, data identifying a sender-selected currency is received from the sender via the communications network. In response, information identifying a current exchange rate for conversion between the sender-selected currency and a sender primary currency is communicated to the sender via the communications network. If the sender confirms the payment in the sender-selected currency, the recipient is informed about the payment in the sender-selected currency.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.