PAYMENT METHOD AND SYSTEM FOR ONLINE COMMERCE

摘要

The system of the present invention which creates a payment system for onlin e commerce is implemented through client software on the computers of the syst em participants and a central transaction administration system. Each client software component interacts with the client software of other system participants and with the central transaction administration system. The transaction administration system receives transaction requests from each party to a transaction and compares the information received from each party to ensure that the transaction information received from each party matches, thereby authenticating the transaction.