Patent ID: 6061665
Filing Date: 2000-05-09
Classification: G06Q

Abstract:
A method for negotiating a mutually acceptable payment processing framework between one or more client computers and one or more merchant computers coupled by a network, comprising the steps of:(a) generating a client message including a client token and transmitting the client message from the client computer to the merchant computer utilizing the network;(b) receiving the client message at the merchant computer, utilizing the client token to generate a merchant message including a merchant token containing one or more merchant acceptable payment processing frameworks, and transmitting the merchant message from the merchant computer to the client computer;(c) receiving the merchant message at the client computer, comparing the one or more merchant acceptable payment processing frameworks contained in the merchant token to one or more client acceptable payment processing frameworks;(d) selecting the mutually acceptable payment processing framework, generating a message including a negotiation finalization token indicating the mutually acceptable payment processing framework for the client computer and the merchant computer, and transmitting the message from the client computer to the merchant computer; and(e) receiving the message at the merchant computer, utilizing the negotiation finalization token to transmit an indicia of the mutually acceptable payment processing framework to the client computer.