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:
Sep. 04, 2012
Filed:
Sep. 26, 2011
Emer Leahy, Pound Ridge, NY (US);
Donald Perun, Pound Ridge, NY (US);
Emer Leahy, Pound Ridge, NY (US);
Donald Perun, Pound Ridge, NY (US);
Totalekidz LLC, Pound Ridge, NY (US);
Abstract
A system and method for regulating a proposed transaction between a first party and a seller is provided. The method includes providing a transaction intermediary machine (TIM) on a network that is associated with a transactional limitations database storing in relation to each of a plurality of unique identifiers at least one criterion that has been established by a second party, and concerning one or more transactional limitations imposed by the second party on the first party. A request for approval (RFA) is received from the seller at the TIM having a unique identifier provided by the first party and details concerning the proposed transaction between the first party and the seller. Then, the RFA is compared with the criteria, completion of the proposed transaction is approved and a payment to the seller is also approved, and personal identification information is provided from the TIM to the seller.