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Self-contained business transaction capsules

a business transaction and capsule technology, applied in commerce, data processing applications, instruments, etc., can solve the problems of inability to easily place an order for a specific product on a web site, inconvenient use, and inability to meet the new digital marketpla

Inactive Publication Date: 2007-01-04
WARP 9
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

And, as a source of consumer information on products and services, the Internet is unparalleled.
Wireless devices are expected to become extremely important conduits of online transactions for both “push” and “pull” commerce, even though they collectively lack a standard to communicate with the Internet.
Existing “native e-commerce” systems are not readily compatible with the new digital marketplace, particularly with wireless devices.
For example, a wireless user could not easily place an order for a specific product on a Web site that expects interactivity from a standard Web browser connection due to the limitations of wireless devices.
Some of these limitations include the lack of transmission standards, low bandwidths, small displays, limited buttons for user input, unstable wireless connections, etc.

Method used

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Examples

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Embodiment Construction

[0015]FIG. 2 illustrates a mobile commerce system for generating self-contained business transaction capsules according to an embodiment of the present invention. A self-contained business transaction capsule 240, 242, 244, 246 (“eCapsule”) is a small electronic capsule that contains all the necessary data and logic to complete a business transaction. The eCapsule 240, 242, 244, 246 is preferably a “thin” and “lightweight” small computer-readable file that is device independent. The eCapsule 240, 242, 244, 246 allows an online merchant, for example, to encapsulate an individual product or service into an intelligent object that is capable of completing entire transactions. The eCapsule 240, 242, 244, 246 includes data about the product or service being provided, such as the price, image, and a textual description of the product or service (a transaction description). The eCapsule 240, 242, 244, 246 also includes transaction logic or business logic capable of completing the transacti...

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PUM

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Abstract

A self-contained business transaction capsule to conduct a wireless transaction includes data regarding the wireless transaction. Transaction logic is provided to complete the wireless transaction. The self-contained business transaction capsule is adapted to be broadcasted to and stored on a portable electronic device.

Description

RELATED APPLICATIONS [0001] This application is a divisional application of U.S. patent application Ser. No. 09 / 753,093, filed Jan. 2, 2001, now U.S. Pat. No. 7,107,236.BACKGROUND OF THE INVENTION [0002] 1. Field of the Invention [0003] The present invention generally relates to a system and method of conducting business transactions. More specifically, the present invention relates to a self-contained business transaction capsule that contains all the data and logic necessary to complete a transaction, particularly utilizing wireless devices. [0004] 2. Discussion of the Related Art [0005] The Internet has profoundly impacted traditional methods of commerce. Internet commerce, or electronic commerce (“e-commerce”), continues to grow each year. A clear majority of Americans are expected to be online by the year 2003. It is also expected that there will be 502 million Internet users worldwide by the year 2003. By eliminating many of the costs involved in executing routine commercial t...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G07F7/00G06F17/30G06Q30/06
CPCG06Q30/06G06Q30/0643G06Q30/0635
Inventor LEI, JONATHAN L.
Owner WARP 9
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