Secure and efficient payment processing system
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United States of America Patent
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Aug 30, 2016
Grant Date -
May 7, 2009
app pub date -
Oct 15, 2008
filing date -
Oct 1, 1999
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method is provided for carrying out commercial transactions. The method includes the steps of: establishing a transaction processing system on an electronic communications network; establishing an account within the transaction processing system for a corresponding account holder; obtaining from the account holder a session description of acceptable future commercial transactions related to the account; administering commercial transactions carried out via the transaction processing system; and, verifying that administered commercial transactions related to the account meet one or more of the session description.
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