Patent 2012101009

A System and Method for Processing Electronic Payments

Abstract

ABSTRACT An apparatus for processing a credit card payment to purchase a good having a purchase price from a vendor to a purchaser. The apparatus includes: a 5 credit card processing module for processing the credit card payment from the purchaser's credit card account to a payment facilitator's payment account; an electronic payment processing module for transferring at least a portion of the payment from the payment facilitator's payment account to the vendor's payment account; a database for storing information relating to the payment 10 and for determining an accumulated value of payments made towards the purchase price; and thereby allowing a purchaser to make credit card payment toward the good where the vendor does not accept credit card payment. 1/5 100 107 11011 SLJ 1076 Facilitator 106 105 %:: Data Network Credit Card Purchaser System 108 104 102 109 Electronic Payment System 103 Vendor FIG. 1

Information

Australian application number
2012101009
Country
AU
Status
Ceased
Type
Innovation
Applicant
Technotherapy Pty Ltd, PTY LTD (AU)
Application year
2012

International Patent Classification (IPC) codes