Abstract: An internet based payment validation system links a customer computer to a third party processor computer after the customer, communicating with the a merchant computer over the Internet, indicates a desire to pay for a purchase directly and not with a credit card. The processor computer receives information from the customer identifying the customer then applies the identification to a statistical database indicating whether a payment obligation is likely to be honored. The processor computer then returns to the merchant computer an indication of whether a payment obligation should be accepted.
Type:
Grant
Filed:
March 1, 1999
Date of Patent:
April 8, 2008
Assignee:
CrossCheck, Inc.
Inventors:
Timothy LaBadie, Robert Ficarra, Paul H. Green