Patent ID: 8533116
Filing Date: 2013-09-10
Classification: G06Q

Abstract:
1. A computer-implemented method of transacting a sale of an item over a network using an on-line purchase server having a record in a database representing a virtual smart card, said method comprising: receiving via a computer-implemented pseudo card reader module a cost of an item to be purchased by a user, said cost originating from a merchant server over said network; formulating via the computer a draw request message using information in a virtual smart card record; sending via the computer said draw request message to a payment server connected to said network so that said draw request may be processed by a security card associated with said payment server; receiving via the computer a debit command from said payment server; debiting via the computer a balance amount in said virtual smart card record by said cost; and sending via the computer a debit response message to said payment server, whereby said merchant server may be informed that said sale of said item is a success and said merchant server may release said item to a user associated with said virtual smart card record.