Patent ID: 7398253
Filing Date: 2008-07-08
Classification: G06Q,G07F

Abstract:
1. A method for performing an on-line transaction with a vendor using a single-use payment instrument in the absence of a billing service, comprising: receiving details for the on-line transaction with the vendor from a customer; receiving a nomination of a source of funds for the transaction for the customer; verifying an availability of funds for a payment amount for the transaction in the nominated source of funds; generating details of a payment instrument for the transaction corresponding to the transaction details; storing a record of the payment instrument details; providing the customer with the payment instrument details for use in the transaction with the vendor; receiving a request for authorization of the transaction for the customer according to the payment instrument details; and authorizing the transaction with the vendor for the customer without imposing as a prerequisite for the on-line transaction that the vendor must have entered a billing agreement with a billing service and that the customer must have registered with the billing service.