System and method for new execution and management of financial and data transactions
US8413896B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 30, 2010 |
| Grant date | Apr 9, 2013 |
| Priority date | — |
| Expiry date | Jun 30, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07G3/003
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for execution of financial and data transactions includes a point-of-sale device configured to execute a transaction in which at least one good or service is sold to an individual having a card with a storage medium encoding a card number. The transaction is completed after said point-of-sale device receives a data transmission authorizing said transaction. The point-of-sale device is configured to communicate via the Internet with a first computing system. The first computing system stores a set of instructions that cause the first computing system to evaluate the transaction to determine whether the transaction is to be authorized, and to send a transmission authorizing the transaction via the open network to said point-of-sale device.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.