Patent for Sale:Portfolio for Electronic Payments for E-Commerce
Seller alters something in the credit card transaction that the purchaser cannot know without contacting their bank.Seller does not finalize the transaction until the customer provides us with that information known only to their bank. They obtain that information from their bank, provide it to us, we verify the information and then approve the transaction.
Instead of validating a purchaser account, seller validates the transaction.
Primary Application of the Technology
Online sales of products that are age restricted. Most card issuers only give cards to adults.
The Problem Solved by the Technology
The seller may consider selling these patents individually.
Class 705: Data Processing:Financial, Business Practice, Management, Or Cost/Price Determination
This is the generic class for apparatus and corresponding methods for performing data processing operations, in which there is a significant change in the data or for performing calculation operations wherein the apparatus or method is uniquely designed for or utilized in the practice, administration, or management of an enterprise, or in the processing of financial data. It also provides for apparatus and corresponding methods for performing data processing or calculating operations in which a charge for goods or services is determined.Subclass 35: Finance (e.g., banking, investment or credit)
Subclass 39: Including funds transfer or credit transaction
Subclass 40: Bill distribution or payment
Subclass 44: Requiring authorization or authentication
Class 235: Registers
Machines employed for ascertaining the number of movements of various devices or machines; also, indicating devices where the purpose is to disclose the numerical extent or quantity of movement of a machine and where the device is separate and independent of the machine whose movements are to be noted; also organized machines, such as, cash-registers, fare-registers, voting machines and calculators having registering or counting devices as essential or important elements and having in addition certain other features necessary to make up the complete machines for the purposes desired.Subclass 379: Banking systems