System and method for effecting auction item payments through a network portal
US8577744B2 · kind B2 · utility
6Cited by
8References
19Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Dec 27, 2006 |
| Grant date | Nov 5, 2013 |
| Priority date | — |
| Expiry date | Sep 22, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A merchant/seller portal enables sellers of auction items on Internet auction sites to obtain cash payments from buyers identified only by their buyer pseudonyms. The portal includes an open network interface, a seller database in which data associated with a seller are stored, a buyer manager for verifying auction purchase data received from a merchant terminal, an auction site manager for verifying auction transaction data with an auction site server, and an auction payment manager for communicating data messages with an auction payment server to transfer funds for a verified auction transaction.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.