Patent ID: 7613636

Claim:
A method of electronically executing a commercial transaction between a customer and a vendor, the method comprising the steps of: connecting to a vendor computer with a customer computer; utilizing the vendor computer for pre-configuring a commercial transaction identification code which is comprised of a network address associated with the vendor, and an encoded transaction parameter with which a preconfigured commercial transaction is uniquely associated; storing the transaction identifier within a storage system implemented by an electronic device associated with the customer; subsequently to the storing, automatically initiating contact with a vendor system, accessing the stored transaction identification code, formatting the transaction identification code for transmission, and transmitting the transaction identification code from the customer to the vendor system via a communications link, where the initiating, accessing, formatting, and transmitting are performed automatically; decoding the transaction parameter by the vendor system; identifying a preconfigured commercial transaction associated with the transaction identifier by the vendor system; and executing the preconfigured commercial transaction.