Importance

Loading Importance Indicators...

Abstract

A interactive value-added telecommunications system including automatic billing at a value-added rate controllable in real time is realized through in-place network carrier system utilities including multiparty switching which verify a calling party by a telephone number, and optionally a PIN number, and provides for calling party authorization of billing at a rate established by the called party. The system enables a method for conducting a business wherein a party calls for a service or product, is identified via one or two separate code sequences, requests a service or product from the called provider who establishes a rate for compliance. The caller authorizes and initiates the established charge to an account associated with one of said code sequences which preferably is a telephone number associated with a credit or debit account by completing a third-party call to a designated value-added number. Confirmation of the authorization and acceptance of the charge is monitored by the provider who proceeds to provide the service or product requested at the established rate which may be changed at any time during the telephone call by the provider followed by appropriate caller authorization.

Loading the Abstract Image...

First Claim