Web-based payment system and method

Details Web-based payment system and method Web-based payment system and method

2002-10-08

2010-10-19

Trammell, James P (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C704S257000, C705S035000

Reexamination Certificate

active

07818251

ABSTRACT:
A payment processing method comprises receiving at a host computer system payment information from a client computer, wherein the payment information relates to a payment from a consumer. The method further comprises verifying at least a portion of the payment information and storing at least a portion of the payment information in a database. The method further comprises transmitting a first electronic file comprising at least a portion of the payment information to a financial institution, thereby initiating processing of the payment and transmitting a second electronic file comprises at least a portion of the payment information to a client computing system. The method also comprises responding to a request for historical information by transmitting to a user computer system a third electronic file comprising at least a portion of the payment information.

REFERENCES:
patent: 5920847 (1999-07-01), Kolling et al.
patent: 5956700 (1999-09-01), Landry
patent: 6556970 (2003-04-01), Sasaki et al.
patent: 2002/0077978 (2002-06-01), O'Leary et al.
patent: 2002/0082961 (2002-06-01), Abrahm et al.
patent: 2003/0110129 (2003-06-01), Frazier et al.
Michael Rees, A study on the Cost of Accepting Payments, 2005, eCheck2000, pp. 1-5.
Western Union/Quick Collect “There Are No Guarantees In Life” brochure, May 2000.
Western Union/Quick Collect “The Fastest Way To Collect Good Funds.SM” brochure, Rev. Nov. 1999.

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