Payment system and clearinghouse of internet transactions
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United States of America Patent
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Aug 7, 2012
Grant Date -
Mar 29, 2007
app pub date -
Sep 28, 2006
filing date -
Sep 28, 2005
priority date (Note) -
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status (Latency Note)
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Abstract
An automated payment system and clearinghouse for effecting payment on online transactions without having to divulge sensitive financial information to a merchant. The payment system and clearinghouse provides a secure and safe vehicle to perform e-commerce transactions worldwide independently of the customer and merchant locations. This allows banks to offer their clients a new and alternative way to pay for internet purchases without the need to use a credit card or to divulge credit-card information or bank account information.
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