Secure and efficient payment processing system with account holder defined transaction limitations
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United States of America Patent
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May 1, 2012
Grant Date -
Apr 18, 2002
app pub date -
Nov 13, 2001
filing date -
Oct 1, 1999
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method for carrying out commercial transactions includes establishing a transaction processing system on an electronic communications network, and establishing an account within the transaction processing system for a corresponding account holder. One or more descriptions of acceptable future commercial transactions related to the account are obtained from the account holder. Commercial transactions carried out via the transaction processing system are administered, and it is verified that administered commercial transactions related to the account meet one or more of the descriptions obtained.
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