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Network commercial transactions

A network and network security technology, applied in the direction of sale/lease transactions, payments involving neutral parties, electrical components, etc.

Inactive Publication Date: 2012-07-18
MICROSOFT TECH LICENSING LLC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

An inherent concern associated with online transactions is security, especially when transactions involve money transfers, funds and / or financial, personal or other confidential information

Method used

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  • Network commercial transactions
  • Network commercial transactions
  • Network commercial transactions

Examples

Experimental program
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Embodiment Construction

[0031] Conventional models for networked business transactions center on the browser as the interface for requesting and submitting personal and financial information between an end-user buyer and a merchant or service provider, whether directly through the merchant or via a third party transaction provider. In a first instance, merchants bear the pressure to create and maintain an infrastructure capable of querying, obtaining, manipulating and processing personal and financial information, often with some minimum level of security. In addition, merchants may be responsible for maintaining accounts and account information (often including confidential personal and financial information) for each of their customers.

[0032] Buyers must give up personal information (such as name, address, phone number, etc.) and financial information (such as debit and credit card numbers and expiration dates, bank account numbers, etc.) to complete the transaction. At some level, the buyer mu...

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PUM

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Abstract

The present invention describes network commercial transactions. Current embodiments provide for authorization and payment of an online commercial transaction between a purchaser and a merchant including verification of an identity of the purchaser and verification of an ability of the purchaser to pay for the transaction, wherein the identity provider and the payment provider are often different network entities. Other embodiments also provide for protocols, computing systems, and other mechanisms that allow for identity and payment authentication using a mobile module, which establishes single or multilevel security over an untrusted network (e.g., the Internet). Still other embodiments also provide for a three-way secure communication between a merchant, consumer, and payment provider such that sensitive account information is opaque to the merchant, yet the merchant is sufficiently confident of the consumer's ability to pay for requested purchases. In yet another embodiment, electronic billing information is used for authorization, auditing, payment federation, and other purposes.

Description

[0001] This application is a divisional application of PCT International Application No. PCT / US2006 / 014801, International Filing Date April 19, 2006, Chinese National Application No. 200680011140.2, entitled "Internet Commercial Transactions". technical field [0002] The invention relates to a networked transaction system and method for online transactions. Background technique [0003] The proliferation of networked computer systems has opened up new possibilities about how companies and individuals conduct business. For example, end users connected to a network (such as the Internet), via networked devices such as computers, PDAs, cellular phones, etc., can conduct commercial transactions on the network in order to purchase services and / or goods, conduct financial transactions, or conduct business or in Personal transactions on the Internet. An inherent concern associated with online transactions is security, especially when the transaction involves money transfers, fund...

Claims

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Application Information

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IPC IPC(8): G06Q30/06G06Q20/02H04L29/06H04W12/06
Inventor B·E·约翰逊C·韦伯斯特-兰姆
Owner MICROSOFT TECH LICENSING LLC
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