Patent ID: 7739162
Filing Date: 2010-06-15
Classification: G06Q

Abstract:
1. A method for conducting a transaction between a first and second consumer, and a merchant using one or more electronic communication devices, the method comprising the steps of: issuing, by an issuing entity, a first prepaid calling card to a first consumer based on a first specified criteria and issuing a second dependent prepaid calling card dependent on the first prepaid calling card, to a second consumer dependent on the first consumer, based on a second specified criteria, wherein the second specified criteria is specified by the first consumer, wherein both the first and second specified criteria are stored as imbedded data in the respective prepaid calling cards; conducting, at a merchant network node, a micropayment transaction with at least one of the first consumer or second consumer via at least one consumer electronic communication device, wherein the micropayment transactions has a small economic value exchanged during the transaction as compared to the per-transaction costs, wherein;