Patent ID: 7337143

Claim:
A method for managing a payment between a seller and a buyer using a network, comprising: at a buyer terminal, accessing a home page of said seller through said network; inputting at the home page of said seller displayed on said buyer terminal, a name and identification data of said buyer into said buyer terminal connected to said network, said identification data including a password of said buyer; verifying said buyer based on the input name and identification data using a seller terminal connected to said network, said verifying including comparing said password of said buyer entered at said buyer terminal with password data stored in a payment management table installed at said seller terminal; displaying at said buyer terminal, for each contract of one or more contracts between said buyer and said seller, a title, an amount due, and a due date, said buyer authorizing at said buyer terminal payment as to each contract; sending bank account information of said buyer, after said seller terminal has verified said buyer, directly to a bank server of said buyer via said network using said buyer terminal, said bank account information of said buyer including an encoded PIN number of said buyer; sending bank account information of said seller and a payment amount, after said seller terminal has verified said buyer, directly to said bank server of said buyer via said network using said seller terminal; and transferring the payment amount to a bank account of said seller, which is indicated by said bank account information of said seller, directly from a bank account of said buyer, which is indicated by said bank account information of said buyer, using said bank server of said buyer, said transfer taking place over a line separate from said network.