Debit note

Abstract: An electronic payment and authentication system that includes features to verify the authenticity of a payer, validate debit data, and facilitate debit (as opposed to credit) payment transactions. The electronic payment system allows a consumer to purchase items and services via a network while utilizing a debit transaction. The invention provides merchants with the ability to verify the identity of the consumer, determine if the consumer is a good debit transaction risk, and retrieve debit data associated with a particular consumer.

Abstract: A method for conducting a financial transaction corresponding to a good or service includes providing a plurality of first credit or debit devices; associating a universal identifier with each of the first credit or debit devices; associating one of the first credit or debit devices with a plurality of second credit or debit cards; employing the one of the first credit or debit devices to initiate the financial transaction; selecting one of the second credit or debit cards based upon the unique identifier and the good or service; and employing the selected one of the second credit or debit cards to conclude the financial transaction.

Abstract: The invention provides a transaction system in a data network that permits transactions among a buyer, a seller, and a billing device to occur independently The transaction system may include authorizing tokens, seller cookies and purchase tokens to provide security, efficiency as well as independent operation The purchase token is issued by the billing device to the buyer for transactions with sellers The seller may issue a seller cookie to the buyer so that future transactions between the buyer and the seller may occur without interacting with the billing device The billing device may issue an authorizing token to approve a buyer purchase order and to assure the seller that the buyer account is sufficient to cover prospective purchases The authorizing token permits the seller to send an invoice to the billing device without being tied to specific transactions with the buyer The billing device bills the buyer based on agreements between the buyer and the billing device which is independent of buyer-seller transactions Thus, the transactions between the buyer and the seller, the seller and the billing device, and the billing device and the buyer may all occur at times that are independent of each other

Abstract: A method of implementing buyer and seller transactions is provided. A set of rules for accepting information into a document is received from the buyer. Also defined is the form of the presentation of an interface to the seller for creating the seller's invoice. The seller also receives address information from the buyer. The rules for accepting information, the rules regarding presentation and the address information are stored in a storage resource. The rules regarding presentation are accessed from the storage resource, and an interface is presented to the seller based on those rules. The rules for accepting information are accessed from the storage resource, and information for the document based on those rules is accepted through the interface. The address information is accessed from the storage resource, and the document with the accepted information is sent to the buyer.