Financial transactions using a rule-module nexus and a user account registry

US8768838B1 · kind B1 · utility

Assignee

• Nexus Payments, LLC · US

Inventor

• Ned Hoffman · Sebastopol, US

Key dates

• Filing date: Apr 19, 2011
• Grant date: Jul 1, 2014
• Expiry date: Jul 18, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and a system for processing an online financial transaction executed at least partially by a computing device coupled to a communications network, comprising a rule-module nexus for processing an online financial transaction, an on-line verification platform, an online user account registry, wherein the on-line financial transaction comprises a payor-payee transaction, wherein the user is the payor and a merchant is the payee, and comprising at least one of the following: (a) the user and the payee are each directly and independently connected to the rule-module nexus during simultaneous logon sessions via a communication network, and wherein upon the user clicking on a website widget of the payee, the rule-module nexus transmits secure socket layer data directly to the user interface apparatus for display to the user via a pop-up window, without requiring application programming interface integration with a website of the payee and without requiring a form re-direct of the user away from the website of the payee; (b) the buyer, the seller, and the acquirer are each directly and independently connected to the rule-module nexus via a communication network, not necessarily d…