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:
Apr. 27, 2010
Filed:
Apr. 02, 2007
Lucas Gebb, New York, NY (US);
Joshua B Mckay, New York, NY (US);
Michael R Barrett, Scottsdale, AZ (US);
Lee a Wojciechowski, Glendale, AZ (US);
David Armes, Phoenix, AZ (US);
Fred Bishop, Phoenix, AZ (US);
Madhukar Madhineni, Phoenix, AZ (US);
Vilayanur Parameswaran Krishnan, Scottsdale, AZ (US);
Lucas Gebb, New York, NY (US);
Joshua B McKay, New York, NY (US);
Michael R Barrett, Scottsdale, AZ (US);
Lee A Wojciechowski, Glendale, AZ (US);
David Armes, Phoenix, AZ (US);
Fred Bishop, Phoenix, AZ (US);
Madhukar Madhineni, Phoenix, AZ (US);
Vilayanur Parameswaran Krishnan, Scottsdale, AZ (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
The present invention provides a system and method for facilitating commercial transactions involving the exchange of monetary value for goods, services, or other value between remote individuals, as in the case of transactions between users of a distributed computer network such as the Internet. Remote individuals are provided with a convenient, cost-efficient, and secure means for engaging in commercial transactions with one another. The invention provides remote sellers with an irrevocable means of receiving funds from a remote purchaser; means for improving purchaser willingness to transact with an unknown party; transaction tracking; and rapid funds availability. The invention also provides remote purchasers with means for making a secure, confidential transfer of funds; means for immediate initiation of shipment by a seller; means for releasing funds to a seller only after approval of the goods, services, or other value; means for demonstrating proof of payment; and means for having some level of recourse against a remote seller.