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US20050251452: Methods of facilitating merchant transactions using a computerized system including a set of titles

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Filing Information

Inventor(s) Stefan Roever · Kevin Collins · Josh Ding · Alex Clark · James Bruce ·
Assignee(s) ROEVER STEFAN · COLLINS KEVIN · DING JOSH C · CLARK ALEX F · BRUCE JAMES ·
Correspondent BEYER WEAVER & THOMAS LLP ·
Application Number US10414817
Filing date 04/15/2003
Publication date 11/10/2005
Predicted expiration date 04/15/2023
U.S. Classifications 705/26  ·
International Classifications --
Kind CodeA1
24 Claims, 38 Drawings


Abstract

A method of facilitating a transaction between a merchant and a buyer using a computerized system including a set of titles. The method includes storing the set of titles in a merchant site corresponding to a set of products for sale; browsing the merchant site using a client device and selecting a product for purchase; and generating a payment slip title for the product including information relating to a payment amount and a buyer identifier. The method further includes selecting a payment structure from a set of available payment structures; modifying the payment slip title to include information corresponding to the selected payment structure; releasing the product title to the buyer; and transmitting the payment amount to the merchant.

Independent Claims | See all claims (24)

  1. 1. A method of facilitating a transaction between a merchant and a buyer using a computerized system including a set of titles, comprising the steps of: storing the set of titles in a merchant site corresponding to a set of products for sale; browsing the merchant site using a client device and selecting a product for purchase; generating a payment slip title for the product including information relating to a payment amount and a buyer identifier; selecting a payment structure from a set of available payment structures; modifying the payment slip title to include information corresponding to the selected payment structure; releasing the product title to the buyer; and transmitting the payment amount to the merchant.
  2. 9. A method of facilitating a payment transaction between a buyer and a seller using a computerized system comprising a payment structure, a buyer identifier, and a set of titles including a product title and a payment slip title having a buyer identifier element, a payment amount element, and a payment structure element, comprising the steps of: storing a plurality of titles in a merchant memory to create a plurality of stored titles; browsing the merchant memory to select an available product corresponding to the stored titles; selecting an available title for purchase; generating a payment slip title for the product selection including identifying information relating to a payment amount and buyer identifier; transmitting the payment slip title to the title management apparatus; selecting a payment structure from the set of available payment structures; modifying the payment slip title, wherein the payment structure element is indicative of the selected payment structure; transmitting the payment slip title to the payment apparatus; releasing the product title to the buyer; and transmitting the payment amount to the seller.

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