Electronic commerce settlement system

Details Electronic commerce settlement system Electronic commerce settlement system

1998-02-03

2000-07-04

Peeso, Thomas R.

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

Automated electrical financial or business practice or...

Including point of sale terminal or electronic cash register

705 35, 705 39, G06F 1700

Patent

active

060851686

ABSTRACT:
In an electronic commerce, a processing unit in a financial institution freezes an account balance at a request from a purchaser, generates provisional settlement money, that is, money information, and transmits the money to a purchaser--s processing unit. The purchaser's processing unit transmits a goods order request and provisional settlement money to a seller's processing unit. The processing unit in the financial institution makes a final settlement for the provisional settlement money based on a final settlement admission request from the purchaser who received goods and a final settlement request from the seller who received the provisional settlement money.

REFERENCES:
patent: 5422468 (1995-06-01), Abecassis
patent: 5426281 (1995-06-01), Abecassis
patent: 5453601 (1995-09-01), Rosen
patent: 5987438 (1999-11-01), Nakano et al.
patent: 5987439 (1999-11-01), Gustin et al.
patent: 5992738 (1999-11-01), Matsumoto et al.
Marvin Sirbu, et al., NetBill: An Internet Commerce System Optimized for Network Delivered Services, Digest of Papers of the Computer Society Computer Conference (Spring) Compcon, Technologies for the Information Superhighway, Mar. 5-9, 1995, pp. 20-25.

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