Patent ID: 7734527

Claim:
A method of performing at least one transaction between a consumer and a merchant the merchant presenting a plurality of products on at least one computing device connected to a network, said plurality of products including at least one of good and services having prices, the transaction having an offer by the merchant to sell and a bid by the consumer to purchase at least one product of said plurality of products, said method comprising the steps of: receiving by the merchant the bid to purchase the at least one product, the at least one product being identified in the bid to purchase; sending to the merchant by said consumer an identification number associated with real money value stored within a token which is a digital representation of monies deposited residing on a clearing server; requesting a token or fractional token by the merchant from said clearing server, said token representing a real stored money value; requesting by the merchant from a clearing server an update key during a processing of the bid to authorize making changes to a value field of said token, said update key being unique for said token; receiving by the clearing server during the processing of the bid a transaction information upload on said clearing server from a previous merchant where said token was used last by polling the previous merchant to obtain the transaction information, said transaction information including any changes to the value field of said token; and processing the bid by the merchant; and making monetary value changes on said consumer's token by said merchant utilizing said key from the clearing server.