Method for pre-paid transaction system
OwnerMagnus Sjolininventor
Life of this patent
Estimating the term…
Abstract
The method is for transacting business on the Internet. The system 10 has a consumer 12 connected to a financial unit 14 and an Internet content provider 16 and a payment service provider 18. The consumer 12 provides the financial unit 14 with a pre-paid fund 20. The consumer 12 sends a purchase signal 19 to purchase a product/service 32 from the Internet content provider 16. The Internet content provider 16 receives the purchase signal 19 and sends a withdrawal signal 24a to the payment service provider 18 that withdraws a portion 34 of the fund 20 from the financial unit 14 and sends the portion 34 in a payment signal 25 to the Internet content provider 16. The Internet content provider 16 provides the product/service 32 to the consumer 12.
Claims6
A method of transacting business on the Internet, comprising:
- providing a system 10 having a consumer 12 connected to a financial unit 14 and an Internet content provider 16 and a payment service provider 18;
- the consumer 12 providing the financial unit 14 with a pre-paid fund 20;
- the consumer 12 sending a purchase signal 19 to purchase a product/service 32 from the Internet content provider 16;
- the Internet content provider 16 receiving the purchase signal 19 and sending a withdrawal signal 24a to the payment service provider 18;
- the payment service provider 18 receiving the signal 24a and withdrawing a portion 34 of the fund 20 from the financial unit 14 and sending the portion 34 in a payment signal 25 to the Internet content provider 16;
- and
- the Internet content provider 16 providing the product/service 32 to the consumer 12.
Dependencies are inferred from the claim text.