Patent ID: 7392945
Filing Date: 2008-07-01
Classification: G06F,G06Q,G07F,G07G,H04H,H04L,H04N

Abstract:
1. A method for initiating and completing a commercial transaction with a retail processing system to allow a user to acquire and own an article of commerce having associated therewith a machine resolvable code (MRC), the MRC having encoded therein information relating to the article of commerce, the user having unique identification information associated with the user, comprising the steps of: extracting the encoded information from the MRC with an extraction device, which step of extracting initiates a commercial transaction; storing the encoded information from the MRC in a temporary buffer; associating with the step of extracting with the extraction device, the unique identification information associated with the user that allows the retail processing system to uniquely identify the user; and after the step of extracting with the extraction device and storing the encoded information from the MRC in the temporary buffer; in response to the step of extracting, the step of transferring from the extraction device and the retail processing system receiving from the extraction device the encoded information from the MRC and the transferred unique identification information, transferring ownership of the article of commerce from an entity other than the user to the user to complete the transaction.