Methods and systems for carrying out contingency-dependent payments via secure electronic bank drafts supported by online letters of credit and/or online performance bonds
CA 2444238 A1 · Owner: Oracle International Corporation · Inventors: Johnson, Richard C.
Overview
Its claims, description and drawings are in the Canadian Patents Database.
Open the CIPO recordAbstract From the Canadian patent
Methods of carrying out an electronic transaction that includes payment via a secure electronic draft, include steps of establishing a secure computer site that includes a representation of the draft the site being controlled by a , financial service provider and accessible only to authenticated parties to the transaction (1B); creating a first online letter of credit linked to a drawer of the draft and including predetermined terms satisfaction of the terms , being a precondition to the financial service provider extending credit to the drawer (7); authenticating each party to the draft requesting access to the draft represented at the computer site and releasing payment on the draft …
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Listed from its CIPO record in Patent Yard's archive of Canadian patents past their term. Its claims, description and drawings are in the CIPO record and on Google Patents, and the Claude kit works from them.
Why it's free to use
- Filed March 14, 2002. No grant is recorded for it in Canada; had it been granted, its 20-year term would have ended March 14, 2022.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by March 14, 2024.
- We check Canadian rights only. A patent in its family in another country could still be in force: check its family on Google Patents.
Timeline
Timeline From CIPO dates
Sources & verification
Official CIPO records
Everything on this page comes from the CIPO record linked above. Contains information licensed under the Open Government Licence – Canada.