System for inexpensively executing online purchases
The present invention is a system for making online purchases using electronic funds transfers from the buyers' bank account to the vendor's bank account, enabled by an intermediate funds transfer from the buyer's account to a holding account maintained by the buyer's bank or a t...
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| Format: | Patent |
| Sprache: | eng |
| Online-Zugang: | Volltext bestellen |
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| Zusammenfassung: | The present invention is a system for making online purchases using electronic funds transfers from the buyers' bank account to the vendor's bank account, enabled by an intermediate funds transfer from the buyer's account to a holding account maintained by the buyer's bank or a third party. The system is further enabled by the buyer's bank acting as a portal to the Internet that pre-authenticates buyers, enforces security, and speeds the execution of online transactions. |
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