Method of payment and settlement of goods and services via the INTERNET
OwnerAllison Debonnettinventor
Life of this patent
Estimating the term…
Abstract
This invention relates to a specific method and process of payment and settlement of goods and services purchased through an INTERNET network platform. The method enables seamless connectivity between INTERNET purchaser/buyer savings, checking, money market, certificate of deposit and cash management account and merchant/seller savings, checking, money market and cash management account for payment and settlement of goods or services purchased over the INTERNET platform.
Claims18
A method of enabling payment and settlement of goods and services said method comprising the steps of:
- a) receiving a request from a user for a settlement of a transaction, verification of a user account and authentication of said user;
- b) receiving a request for payment from a vendor, verification of said vendor account and authentication of said vendor;
- c) sending a request for debit to a user third party account, and a request for credit to a vendor third party account;
- d) receiving a confirmation of debit from said user third party account, and receiving a confirmation of credit from said third party account;
- and
- e) sending a confirmation signal to said user, and sending confirmation signal to said vendor.
A method of enabling payment and settlement of goods and services said method comprising the steps of:
- a) receiving a request from a vendor to open a new account;
- b) sending a response to said vendor and instructing said user in account set up;
- c) receiving a response from said vendor designating an account type and linking a third party account;
- d) verifying said vendor and said third party account;
- e) sending a response to said vendor indicating the establishment of said new account;
The method of paying and settlement of business transactions via internet comprising the steps of:
- a) receiving a request from a user to open a new account;
- b) sending a response to said user and instructing said user in account set up;
- c) receiving a response from said user designating an account type and linking a third party account;
- d) verifying said user and said third party account;
- and
- e) sending a response indicating the establishment of said new account;
- f) receiving a request for payment from said vendor, verification of said vendor account and authentication of said vendor;
- g) sending a request for debit to a user third party account, and a request for credit to a vendor third party account;
- h) receiving a confirmation of debit from said user third party account, and receiving a confirmation of credit from said third party account;
- and
- sending a confirmation signal to said user, and sending confirmation signal to said vendor.
Dependencies are inferred from the claim text.