A microtransaction internet economic model with automated...

Details A microtransaction internet economic model with automated... A microtransaction internet economic model with automated...

Category

H - Electricity

Subcategory

04

Subsubcategory

L

IPC codes

H04L 12/16 (2006.01)

Type

Patent

Patent number

CA 2302896

Description

A microtranscation business model is disclosed. The business model is unique in that although the consumer is responsible for the making the transaction the manufacturer is responsible for the small microtransaction associated with the actual transfer of product information. The business model is counter intuitive but is the most appropriate business model for many internet based promotions and repositories. A methodology is disclosed for deploying the microtransaction on a coupon repository site and discussed in the context of related information from a recipe repository on the same or related site. The business process also describes a means for a retailer or service provider to enter promotion information in an automated manner from a standard web browser. The business model also presents a means of providing a secure coupon using encryption or a digital signature at the point of sale thereby preventing the fraudulent production of unauthorized coupons.

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