Patent ID: 7742967

Claim:
A method of processing a transaction carried out over a network between a financial account holder and a participating entity, said method comprising the steps of: (a) receiving a purchase request of a buyer from the participating entity indicating that the buyer desires to carry out a transaction with the entity, said transaction including the buyer purchasing one or more selected items; (b) authenticating the buyer as the financial account holder; (c) establishing transaction fulfillment data, said transaction fulfillment data indicating a delivery destination for the selected items, wherein establishing the transaction fulfillment data includes using a previously obtained destination as the delivery destination for the selected items when an alternate destination is not obtained; (d) communicating the transaction fulfillment data to the participating entity; (e) receiving transaction details from the participating entity, said transaction details including a cost for the selected items; (f) authorizing, via a processor, completion of the transaction and establishing an authorization code therefor; and, (g) communicating the authorization code for the transaction to the participating entity.