Patents by Inventor Jonathan Vaux

Jonathan Vaux has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • METHOD AND SYSTEM FOR CONDUCTING A COMMERCIAL TRANSACTION BETWEEN A BUYER AND A SELLER
    Publication number: 20110004552
    Abstract: A system for conducting a commercial transaction between a buyer and a seller is disclosed. The system includes a transaction processing system for facilitating payment for a transaction between the buyer and the seller. In addition to the buyer and the seller, the transaction processing system also interacts with an issuer and an acquirer. The issuer issues and manages an account for the buyer. The acquirer manages an account for the seller. The transaction processing system operates as follows. An electronic invoice relating to the transaction is first posted to the system by the seller or another system. Upon accepting the electronic invoice, the system creates a payment instruction. Each time a payment instruction is created, the system applies certain pre-negotiated payment terms and conditions between the buyer and the seller to the payment instruction. After the payment instruction is created, the system seeks approval from the buyer.
    Type: Application
    Filed: September 15, 2010
    Publication date: January 6, 2011
    Applicant: Visa U.S.A., Inc.
    Inventors: Jonathan Vaux, Brian Triplett, Michael Dreyer, Loraine Martin Yeakle, Alistair Duncan, Paulo Fernandes
  • METHOD AND SYSTEM FOR CONDUCTING A COMMERCIAL TRANSACTION BETWEEN A BUYER AND A SELLER
    Publication number: 20110004548
    Abstract: A system for conducting a commercial transaction between a buyer and a seller is disclosed. The system includes a transaction processing system for facilitating payment for a transaction between the buyer and the seller. In addition to the buyer and the seller, the transaction processing system also interacts with an issuer and an acquirer. The issuer issues and manages an account for the buyer. The acquirer manages an account for the seller. The transaction processing system operates as follows. An electronic invoice relating to the transaction is first posted to the system by the seller or another system. Upon accepting the electronic invoice, the system creates a payment instruction. Each time a payment instruction is created, the system applies certain pre-negotiated payment terms and conditions between the buyer and the seller to the payment instruction. After the payment instruction is created, the system seeks approval from the buyer.
    Type: Application
    Filed: September 14, 2010
    Publication date: January 6, 2011
    Applicant: Visa U.S.A., Inc.
    Inventors: Jonathan Vaux, Brian Triplett, Michael Deyer, Loraine Martin Yeakle, Alistair Duncan, Paulo Fernandes
  • Method and system for conducting a commercial transaction between a buyer and a seller
    Patent number: 7822679
    Abstract: A system for conducting a commercial transaction between a buyer and a seller is disclosed. The system includes a transaction processing system for facilitating payment for a transaction between the buyer and the seller. In addition to the buyer and the seller, the transaction processing system also interacts with an issuer and an acquirer. An electronic invoice relating to the transaction is first posted to the system by the seller or another system. Upon accepting the electronic invoice, the system creates a payment instruction. Each time a payment instruction is created, the system applies certain pre-negotiated payment terms and conditions between the buyer and the seller to the payment instruction. After the payment instruction is created, the system seeks approval from the buyer. Upon approval of the payment instruction by the buyer, the system schedules the payment for the specified date in the payment instruction.
    Type: Grant
    Filed: October 29, 2001
    Date of Patent: October 26, 2010
    Assignees: Visa U.S.A. Inc., Visa International Service Association
    Inventors: Jonathan Vaux, Brian Triplett, Michael Dreyer, Loraine Martin Yeakle, Alistair Duncan, Paulo Fernandes