System and method for online commerce

Abstract

The invention provides a secure online payment method and system. In an embodiment of the invention, a transaction system (100) facilitates online purchase of merchant items by customers and to have those purchased items billed, i.e., debited, to a telephone account. Particularly, the system comprises a number of customer web access devices, a TCP / IP communications network, a number of merchant computers (130), a centralized payment server (140), and a number of telecommunication company (TELCO) (150) networks. Communications are bridged between the TCP / IP network and the number of TELCO (150) networks implementing, for example a common channel signaling (CCS) based protocol, such as signaling system 7 (SS7).

Description

technical field [0001] The present invention relates to a business system and method, in particular to a system and method for realizing financial transfer on the Internet through a telecommunication account and realizing online business. Background technique [0002] Online commerce enables the buying and selling of goods and services over the Internet. In recent years, many online commerces have grown dramatically as businesses (traditional businesses, online marketers, and service providers) and consumers recognize the potential and efficiencies of online marketplaces. As a result, many businesses now use the Internet to advertise and sell products and services both online and offline, while consumers use their PCs, laptops, Internet-enabled handhelds, public kiosks, etc. to make convenient purchases . [0003] Micropayment systems for online commerce have great potential. Micropayment generally refers to a small amount of payment in a purchase, generally less than ten...

AI Technical Summary

Problems solved by technology

In addition, each consumer must enter their phone account and identity information for each transaction, which is cumbersome if a large number of transactions are conducted in a short period of time

In addition, because Truitt needs to confirm that the phone line or communication line used by the consumer at the time of the transaction matches the phone line connected to the account, consumers of the system cannot roam freely-that is, from any networked terminal. shopping on

Therefore, if Truitt consumers use a public terminal, they cannot pay from their phone account for online purchases

[0008] The above and other shortcomings of traditional payment systems have limited the goods and services that can be purchased online and have discouraged many consumers from accepting online commerce

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