Payment method for on-line purchases
OwnerDharam Palinventor
Life of this patent
Estimating the term…
Abstract
A payment scheme for online purchases which includes as participants vendors, a scheme administrator, member organizations and purchasers. Participating purchasers are subscribers to a member organization. Vendors charge the scheme administrator for the value of all purchases made by subscribing purchasers and the scheme administrator charges the member organizations to which purchasers subscribe for their purchases. Member organizations are free to make their own arrangements with their subscribing purchasers to recover money or moneys worth in exchange for the payments they make on behalf of subscribers to the scheme administrator.
Claims8
A payment scheme for online purchases which includes as participants vendors, a scheme administrator, member organisations and purchasers, characterised in that:
- participating purchasers are subscribers to a member organisation,
- vendors charge the scheme administrator for the value of all purchases made by subscribing purchasers,
- the scheme administrator charges the member organisations to which purchasers subscribe for their purchases,
- and member organisations have in place their own arrangements with their subscribing purchasers to recover money or moneys worth in exchange for the payments they make on behalf of subscribers to the scheme administrator.
A payment system for online purchases which includes as participants vendors, a scheme administrator, member organisations and purchasers, comprising:
- vendor web servers, each capable of accepting online purchase orders,
- internet devices to which participating purchasers have access, said purchasers being subscribers to a member organisation,
- an administrator server connected online which holds a database of members and their subscribers,
- said vendors web servers being programmed to transmit purchase charge data to said administrator server after accepted purchase orders are made by a participating purchaser,
- said administrator server being programmed to periodically send purchase charge data to member organisations in respect of purchasers who are subscribers of those members,
- and means enabling said members to remit payment for said purchases to said administrator.
Dependencies are inferred from the claim text.