Virtual purchasing card transaction

US8892474B1 · kind B1 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Todd Keith Inskeep · Charlotte, US
• George C. Schroth · Scranton, US
• Robert Timothy Leedy, JR. · Belmont, US
• David Shroyer · Matthews, US
• Xu He · Beijing, CN

Key dates

• Filing date: Mar 11, 2010
• Grant date: Nov 18, 2014
• Expiry date: Mar 11, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Apparatus and methods for the execution of a transaction between a customer and a merchant using a virtual purchasing instrument. The apparatus and methods may involve receiving from the customer a request to pay funds or draw credit from an account based on the customer's electronic presentation of the virtual purchasing instrument to the merchant.