Apparatus and method for secure fulfillment of transactions involving virtual items

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 9043245
APP PUB NO 20150050991A1
SERIAL NO

14526262

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Importance

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Abstract

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A computer implemented method to exchange virtual goods in a virtual environment includes receiving funds at a trading platform from a buyer. The buyer is provided with a first secret that the buyer can decrypt and a second secret that the buyer cannot decrypt. The buyer is authenticated to a seller using the first secret. A virtual item is delivered from the seller to the buyer in response to authenticating. The buyer delivers to the seller the second secret for decryption by the seller. The seller is authenticated at the trading platform with the second secret. The seller is supplied with the funds.

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Patent Owner(s)

  • VISA INTERNATIONAL SERVICE ASSOCIATION

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Kolkowitz, Dan Elias Los Altos Hills, US 3 92
Mehta, Kaushal N Fremont, US 7 411

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