System and methods for implementing secure financial transactions
OwnerJoseph Owen Gardner, Christopher Wayne Mertensinventors
Life of this patent
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Abstract
A system and related methods for securely processing financial transactions is described using a data communications network connecting a plurality of various types of nodes that transmit and receive encrypted data. User and vendor nodes are provided for purchasers and vendors to interact with the system. Communication nodes facilitate data transmission between the other nodes in the system.
Claims12
A method for facilitating a transaction between vendors and purchasers of goods or services, the method comprising:
- providing a vendor node utilized by the vendor of goods or services;
- providing a user node utilized by the purchaser of goods or services;
- providing at least one communications node capable of transmitting and receiving data to and from the at least one vendor node and the at least one user node via a data communications network;
- transmitting transaction data regarding the transaction from the user node to the at least one communication nodes;
- transmitting the transaction data regarding the transaction from the at least one communications nodes to the vendor node;
- receiving a confirmation of the transaction data at the vendor node;
- transmitting the confirmation of the transaction data from the vendor node to the user node;
- receiving an authorization of the transaction data from the user at the user node;
- and
- transmitting the authorization of the transaction data to the at least one communications node.
A method for facilitating a transaction between a vendor of goods and services and a purchaser of goods and services, the method comprising the steps of:
- providing a vendor node utilized by the vendor of goods or services;
- providing a user node utilized by the purchaser of goods or services;
- providing at least one communications node capable of transmitting and receiving data to and from the at least one vendor node and the at least one user node via a data communications network;
- transmitting transaction data regarding the transaction from the vendor node to the at least one communication nodes;
- transmitting the transaction data regarding the transaction from the at least one communications nodes to the user node;
- receiving a confirmation of the transaction data at the user node;
- transmitting the confirmation of the transaction data from the user node to the vendor node;
- receiving authorization of the transaction data from the vendor at the vender node;
- and
- transmitting the authorization of the transaction data to the at least one communications node.
Dependencies are inferred from the claim text.