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1. (WO2001033404) FINANCIAL TRANSACTION SYSTEM

Pub. No.:    WO/2001/033404    International Application No.:    PCT/US2000/030532
Publication Date: Fri May 11 01:59:59 CEST 2001 International Filing Date: Thu Nov 02 00:59:59 CET 2000
IPC: G06Q 20/00
G06Q 30/00
Applicants: FOSTER, Chuck
Inventors: FOSTER, Chuck
Title: FINANCIAL TRANSACTION SYSTEM
Abstract:
A financial transaction system is disclosed. The present invention includes a method for performing a financial transaction, wherein a cardholder (204) makes a purchase from a merchant (206) using credit established at a financial institution. The method begins when the merchant transmits a merchant offer including merchant information about the purchase to the cardholder. The cardholder transmits the merchant information along with the cardholder information to the financial institution. The financial institution then transmits payment for the purchase to a merchant account and sends a payment notification to the merchant indicating that payment for the purchase has been made and that the merchant offer has been accepted.