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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| creator | Cannon, Jr, Thomas Calvin |
| description | 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. |
| format | Patent |
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| language | eng |
| recordid | cdi_uspatents_grants_07092913 |
| source | USPTO Issued Patents |
| title | System for inexpensively executing online purchases |
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