Secure digital escrow account transactions system and method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jun 5, 2003
app pub date -
Dec 5, 2001
filing date -
Dec 5, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A secure digital escrow account transaction system and method provides that when a customer pays for retail goods or services by credit card, only the retailer's charges for goods and services are transferred from the customer's bank to the retailer's account. The customer sales tax payments in connection with those purchases however are transferred from the customer's bank into an impound account managed by, in one embodiment, a system linkage. The system linkage could be managed by an outside company which, at the end of each payment period, is responsible for transferring the appropriate amount to the State taxing authority with the appropriate forms and reports required by the State on behalf of the retailer.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully