Method and system for conducting online transactions
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Aug 26, 2004
app pub date -
Feb 25, 2003
filing date -
Feb 25, 2003
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A transaction system conducts online transactions between a community of users associated with an organization and off-site vendors. Each user has an account for use in on-site transactions and other activities. The transaction system displays online items offered for sale by off-site vendors. The system can receive an order from a user for an item offered by an off-site vendor. The system determines if sufficient funds exist in the account of the user for the order and, if so, charges the account of the user for the order and transmits the order to the off-site vendor for order fulfillment. The system then pays the off-site vendor for the order.
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