EP 1010149 A1 20000621 - APPARATUS AND METHOD FOR AUTOMATED PROCESSING OF PRODUCT PURCHASES AND PURCHASE TRANSACTION VALIDATIONS
Title (en)
APPARATUS AND METHOD FOR AUTOMATED PROCESSING OF PRODUCT PURCHASES AND PURCHASE TRANSACTION VALIDATIONS
Title (de)
VORRICHTUNG UND VERFAHREN ZUR AUTOMATISIERTEN VERARBEITUNG VON GÜTEREINKÄUFEN UND KAUFTRANSAKTIONBEGÜLTIGUNGEN
Title (fr)
APPAREIL ET PROCEDE DE TRAITEMENT AUTOMATISE D'ACHATS DE PRODUITS ET DE VALIDATIONS DE TRANSACTIONS D'ACHATS
Publication
Application
Priority
- US 9814490 W 19980713
- US 91831097 A 19970826
Abstract (en)
[origin: WO9910850A1] An electronic commerce system and method that enables products to be purchased based on transaction charges that are posted to virtual credit cards. The electronic commerce system of the invention utilizes the advantages of proven credit card transaction handling technology in the context of non-credit card transactions. In one embodiment, the system consists of a first subsystem and a second subsystem. The first subsystem includes a merchant product database listing and describing plurality of products available to be purchased. A software search engine allows a user to search through the product database, designate products to be purchased, and develop a shopping list. The second subsystem is electronically linked with the first subsystem and includes a credit card transaction facility which is designed to receive the shopping list from the first subsystem and to debit charges against a virtual credit card that is associated with the potential purchaser. A billing facility of the second subsystem creates billing reports that are communicated from the second subsystem to the first subsystem. These billing reports develop usage charges solely on the basis of the number of commercial transactions and in a manner which leaves credit risks associated with the electronic commerce transactions with the merchant. Thereby, the electronic commerce system of the present invention is able to use existing credit card charging infrastructures for executing transactions which inherently are non-credit card transactions.
IPC 1-7
IPC 8 full level
G06Q 20/00 (2006.01)
CPC (source: EP)
G06Q 20/04 (2013.01); G06Q 20/12 (2013.01); G06Q 20/351 (2013.01); G06Q 20/385 (2013.01)
Citation (search report)
See references of WO 9910850A1
Designated contracting state (EPC)
AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE
DOCDB simple family (publication)
WO 9910850 A1 19990304; AU 8400098 A 19990316; EP 1010149 A1 20000621
DOCDB simple family (application)
US 9814490 W 19980713; AU 8400098 A 19980713; EP 98934492 A 19980713