Claims
- 1. A method for consummating an electronic transaction between a first electronic device and a second electronic device, comprising:
establishing a communication between said first electronic device and said second electronic device via a communication linkage; transmitting payment information corresponding to a payment instrument that belongs to a party, from said first electronic device to said second electronic device; receiving said payment information at said second electronic device; evaluating the payment information based on the payment instrument; and transmitting approval of the transaction from the second electronic device to the first electronic device, the approval comprising a payment using an electronic transmission of monetary value.
- 2. The method as recited in claim 1 wherein the first electronic device comprises a merchant device, the second electronic device comprises an issuer device, the payment instrument is issued to the party by an issuer, and wherein the party is a consumer purchasing goods or services from a merchant using the payment instrument.
- 3. The method as recited in claim 1 wherein the first electronic device comprises an acquirer device, the second electronic device comprises an issuer device, and the party is a consumer, wherein the payment instrument comprises a card issued by an issuer to a consumer.
- 4. The method as recited in claim 1, wherein at least one communication linkage utilizes the Internet Protocol (IP).
- 5. The method as recited in claim 1, wherein evaluating the payment information is completed based on the payment instrument to determine a credit risk.
- 6. The method as recited in claim 1, wherein the transmission via at least one communication linkage is encrypted.
- 7. The method as recited in claim 1, wherein the payment instrument is a credit card.
- 8. The method as recited in claim 1, wherein the payment instrument is a debit card.
- 9. The method as recited in claim 1, wherein the first electronic device determines a location of the second electronic device using a network locator device.
- 10. The method as recited in claim 1, wherein the electronic transmission of monetary value is performed using a smart card.
- 11. An apparatus for consummating an electronic transaction between a first electronic device and a second electronic device, comprising:
logic that establishes a communication between said first electronic device and said second electronic device via a communication linkage; logic that transmits payment information corresponding to a payment instrument that belongs to a party, from said first electronic device to said second electronic device; logic that receives said payment information at said second electronic device; logic that evaluates the payment information based on the payment instrument; and logic that transmits approval of the transaction from the second electronic device to the first electronic device, the approval comprising a payment using an electronic transmission of monetary value.
- 12. The apparatus as recited in claim 11 wherein the first electronic device comprises a merchant device, the second electronic device comprises an issuer device, the payment instrument is issued to the party by an issuer, and wherein the party is a consumer purchasing goods or services from a merchant using the payment instrument.
- 13. The apparatus as recited in claim 11 wherein the first electronic device comprises an acquirer device, the second electronic device comprises an issuer device, and the party is a consumer, wherein the payment instrument comprises a card issued by an issuer to a consumer.
- 14. The apparatus as recited in claim 11, wherein at least one communication linkage utilizes the Internet Protocol (IP).
- 15. The apparatus as recited in claim 11, wherein evaluating the payment information is completed based on the payment instrument to determine a credit risk.
- 16. The apparatus as recited in claim 11, wherein the transmission via at least one communication linkage is encrypted.
- 17. The apparatus as recited in claim 11, wherein the payment instrument is a credit card.
- 18. The apparatus as recited in claim 11, wherein the payment instrument is a debit card.
- 19. The apparatus as recited in claim 11, wherein the first electronic device determines a location of the second electronic device using a network locator device.
- 20. The apparatus as recited in claim 11, wherein the electronic transmission of monetary value is performed using a smart card.
- 21. A computer program embodied on a computer-readable medium for consummating an electronic transaction between a first electronic device and a second electronic device, comprising:
a code segment that establishes a communication between said first electronic device and said second electronic device via a communication linkage; a code segment that transmits payment information corresponding to a payment instrument that belongs to a party, from said first electronic device to said second electronic device; a code segment that receives said payment information at said second electronic device; a code segment that evaluates the payment information based on the payment instrument; and a code segment that transmits approval of the transaction from the second electronic device to the first electronic device, the approval comprising a payment using an electronic transmission of monetary value.
- 22. The computer program as recited in claim 21 wherein the first electronic device comprises a merchant device, the second electronic device comprises an issuer device, the payment instrument is issued to the party by an issuer, and wherein the party is a consumer purchasing goods or services from a merchant using the payment instrument.
- 23. The computer program as recited in claim 21 wherein the first electronic device comprises an acquirer device, the second electronic device comprises an issuer device, and the party is a consumer, wherein the payment instrument comprises a card issued by an issuer to a consumer.
- 24. The computer program as recited in claim 21, wherein at least one communication linkage utilizes the Internet Protocol (IP).
- 25. The computer program as recited in claim 21, wherein evaluating the payment information is completed based on the payment instrument to determine the credit risk.
- 26. The computer program as recited in claim 21, wherein the transmission via at least one communication linkage is encrypted.
- 27. The computer program as recited in claim 21, wherein the payment instrument is a credit card.
- 28. The computer program as recited in claim 21, wherein the payment instrument is a debit card.
- 29. The computer program as recited in claim 21, wherein the first electronic device determines a location of the second electronic device using a network locator device.
- 30. The computer program as recited in claim 21, wherein the electronic transmission of monetary value is performed using a smart card.
CROSS-REFERENCE TO RELATED APPLICATIONS
[0001] This application is related to copending applications Ser. No. ______, entitled “Settlement Of Aggregated Electronic Transactions Over A Network”, filed on ______, 1998, and having Attorney Docket No. M-5687 US, which is incorporated herein by reference in its entirety.
Continuations (1)
|
Number |
Date |
Country |
Parent |
09121470 |
Jul 1998 |
US |
Child |
10188600 |
Jul 2002 |
US |