The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 08, 2006
Filed:
Apr. 28, 2000
Max Levchin, Palo Alto, CA (US);
Luke Paul Nosek, Palo Alto, CA (US);
Peter Thiel, Palo Alto, CA (US);
Scott Alan Banister, Menlo Park, CA (US);
Max Levchin, Palo Alto, CA (US);
Luke Paul Nosek, Palo Alto, CA (US);
Peter Thiel, Palo Alto, CA (US);
Scott Alan Banister, Menlo Park, CA (US);
PayPal, Inc., Mountain View, CA (US);
Abstract
A system and method for facilitating a value exchange transaction. A first party initiates the transaction by selecting or providing an identifier of another party and the value to be exchanged. The second party may be identified by a pre-existing identifier such as an electronic mail address, telephone number, etc. The system informs the second party of the transaction (e.g., using the specified pre-existing identifier). If the second party is not a registered user of the system, he or she is invited to register and complete the transaction. The system may comprise a synchronization server for exchanging transaction details with users' devices, a communication server for registering new users and/or conducting transactions online and a financial server for interacting with external financial institutions.