Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2001-09-06
2010-11-30
Kazimi, Hani (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S039000, C705S026640
Reexamination Certificate
active
07844537
ABSTRACT:
In transactions between a consumer and a merchant where a merchant requires a deposit for participation, a method and system are provided for intermediating the transaction (10). The system enables a consumer to secure the required deposit amount for the transaction with funds deposited in one of a bank account (14) or a special deposit account (16). Fees are generated based on a percentage of the deposit amount secured with the deposited funds and/or by providing an interest rate on funds deposited in the special deposit account (16) with a fixed spread from a bank interest rate. The system assures merchants that deposit funds have been reserved for a particular transaction, and enables consumers to participate in such transactions without requiring an actual transfer of funds.
REFERENCES:
patent: 5664115 (1997-09-01), Fraser
patent: 5677955 (1997-10-01), Doggett et al.
patent: 5703344 (1997-12-01), Bezy et al.
patent: 5717989 (1998-02-01), Tozzoli et al.
patent: 5794207 (1998-08-01), Walker et al.
patent: 5890138 (1999-03-01), Godin et al.
patent: 5924083 (1999-07-01), Silverman et al.
patent: 5999915 (1999-12-01), Nahan et al.
patent: 6023686 (2000-02-01), Brown
patent: 6029150 (2000-02-01), Kravitz
patent: 6202051 (2001-03-01), Woolston
patent: 6260024 (2001-07-01), Shkedy
patent: 7249055 (2007-07-01), Elder
patent: 2001/0039529 (2001-11-01), Hoffman
patent: 2001/0047308 (2001-11-01), Kaminsky et al.
Davidson, Hilary. Chatelaine; “Auction action”. Toronto: Sep. 2000. vol. 73,Iss. 9; pg. Insert.
Lin Connery, For the Calgary Herald; “Ready, set, bid!; [Final Edition]”. Calgary, Atla.: Aug. 18, 2000. pg. L. 1. FRO.
PR Newswire; “i-Escrow Parteners with Sumitomo, Trans Cosmos to Provide Payment Settlement Services for Web Auctions in Japan”. New york: Aug. 14, 2000. p. 1.
eDeposit Corporation
Kazimi Hani
Nixon & Vanderhye P.C.
LandOfFree
Interbank process does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Interbank process, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Interbank process will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4173116