WO2004025392A3 - Electronic commerce transactions - Google Patents

Electronic commerce transactions Download PDF

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Publication number
WO2004025392A3
WO2004025392A3 PCT/IB2003/003873 IB0303873W WO2004025392A3 WO 2004025392 A3 WO2004025392 A3 WO 2004025392A3 IB 0303873 W IB0303873 W IB 0303873W WO 2004025392 A3 WO2004025392 A3 WO 2004025392A3
Authority
WO
WIPO (PCT)
Prior art keywords
funds
buyer
reserved
financial institution
transaction
Prior art date
Application number
PCT/IB2003/003873
Other languages
French (fr)
Other versions
WO2004025392A2 (en
Inventor
Rooyen Leunis Van
Original Assignee
Rooyen Leunis Van
Purchase Graham Erlank
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Rooyen Leunis Van, Purchase Graham Erlank filed Critical Rooyen Leunis Van
Priority to AU2003259449A priority Critical patent/AU2003259449A1/en
Publication of WO2004025392A2 publication Critical patent/WO2004025392A2/en
Publication of WO2004025392A3 publication Critical patent/WO2004025392A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising

Abstract

A method of effecting a transaction includes receiving an electronic negotiable instrument over a communications network (12) from a buyer. The negotiable instrument is authenticated online and in real time by a certification authority (36) as to its origin. The negotiable instrument is then submitted online to a financial institution (20) holding funds of the buyer to obtain confirmation that the buyer has sufficient funds for the transaction available and that the funds are being reserved by the financial institution, after which delivery in accordance with the transaction is performed if the funds are available and reserved, and payment is obtained from the financial institution holding the reserved funds.
PCT/IB2003/003873 2002-09-11 2003-09-11 Electronic commerce transactions WO2004025392A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2003259449A AU2003259449A1 (en) 2002-09-11 2003-09-11 Electronic commerce transactions

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
ZA2002/7297 2002-09-11
ZA200207297 2002-09-11

Publications (2)

Publication Number Publication Date
WO2004025392A2 WO2004025392A2 (en) 2004-03-25
WO2004025392A3 true WO2004025392A3 (en) 2004-06-03

Family

ID=31994751

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/IB2003/003873 WO2004025392A2 (en) 2002-09-11 2003-09-11 Electronic commerce transactions

Country Status (2)

Country Link
AU (1) AU2003259449A1 (en)
WO (1) WO2004025392A2 (en)

Families Citing this family (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20090018964A1 (en) * 2007-07-13 2009-01-15 Sony Ericsson Mobile Communications Ab Methods, systems, and computer program products for performing a transaction in which a certifier provides identification information for authenticating a customer at the point of sale
US9741024B2 (en) 2013-07-31 2017-08-22 Xero Limited Systems and methods of bank transfer

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5671279A (en) * 1995-11-13 1997-09-23 Netscape Communications Corporation Electronic commerce using a secure courier system

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5671279A (en) * 1995-11-13 1997-09-23 Netscape Communications Corporation Electronic commerce using a secure courier system

Also Published As

Publication number Publication date
WO2004025392A2 (en) 2004-03-25
AU2003259449A1 (en) 2004-04-30
AU2003259449A8 (en) 2004-04-30

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