Patents
Literature
2 results about "Secured transaction" patented technology
Efficacy Topic
Property
Owner
Technical Advancement
Application Domain
Technology Topic
Technology Field Word
Patent Country/Region
Patent Type
Patent Status
Application Year
Inventor
Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract, or security agreement. A common example would be a consumer who purchases a car on credit. If the consumer fails to make the payments on time, the lender will take the car and resell it, applying the proceeds of the sale toward the loan. Mortgages and deeds of trust are another example. In the United States, secured transactions in personal property (that is, anything other than real property) are governed by Article 9 of the Uniform Commercial Code (U.C.C.).
User interface using tagged media, 3D indexed virtual reality images, and global positioning system locations, for electronic commerce
A user interface operated via at least one consumer computing device, a database, and at least one host computer processor, provide an electronic commerce (eCommerce) environment for secured transactions between consumer and vendor members subscribed to the environment. Digital product images are scaled into digital images of environments of intended use for virtual reality observation. Tags to product representations or other features of media performance transmissions are scanned by consumer members for product purchasing, saving for later purchase, and / or sharing with other consumers (e.g. via social networks). Consumers create their own consumer product store with an inventory of items saved within the environment database for later purchasing or sharing. Original vendors initially providing items saved by consumers are rewarded commissions if later purchased from other vendors. Sharing saved items between consumers is also rewarded and provides an efficient B2C2C sCommerce environment and marketplace centered on products and driven by consumers.
Owner:IMAGINE UNIVERSE
Secure one-touch transaction system and method
Herein disclosed are secure digital transaction systems and methods wherein in response to a merchant device receiving a transaction initiation indication comprising a purchase request referencing a payer device, sending an encrypted transaction information message to the payer device from the merchant device using at least a VPN. The encrypted transaction information message may comprise a merchant ID, a security key and transaction information referencing the purchase request, permitting one-touch control of the secured transaction by the payer and eliminating payer account theft along the merchant transaction chain. The payer may subscribe to a service configured to permit the merchant to autonomously push a transaction information message to the payer device. An implementation may advantageously remove sensitive payer data such as account information and / or card numbers from the electronic transaction chain with the merchant, eliminating payer account number theft because there is no payer account data available to be stolen.
Owner:KUBERA LLC