Patent ID: 7676432
Filing Date: 2010-03-09
Classification: G06Q

Abstract:
1. A system for facilitating electronic commerce among users, a service provider and vendors, wherein each user has established a primary account with the service provider, the system comprising: a plurality of vendor computers, each vendor computer programmed to provide a website at which a user at a user device may purchase goods or services; a service provider computer at which the user has established a primary account, the service provider computer programmed to permit the user to establish a sub-account under the primary account, the primary account and sub-account having a prepaid value in the form of electronic tokens wherein the user may specify a subset of the plurality of vendor computers that are the only vendor computers from which purchases may be made using the sub-account; wherein the service provider computer is programmed to permit the user to authorize the sub-account to independently add funds; and a communications network enabling the user device to communicate with the plurality of vendor computers; wherein the service provider computer is programmed to permit the user to authorize the sub-account to establish a further sub-account subordinate to the sub-account.