INTERNET PAYMENT SYSTEM

摘要

The present invention is a system and method for providing electronic commerce without providing a buyer's (102) credit card data over the Internet (402), or any other public network. Buyers (102) have a fear of providing their credit card data over the Internet (402). The present invention allows a buyer (102) to make a purchase with their credit card without providing their credit card data over the Internet (402). The present invention provides buyers (102) with a transaction identification number to make Internet purchases and the buyer (102) personally authorizes their purchases while they are on-line. The buyer's (102) actual credit card data is never transmitted over the Internet (402). The on-line affirmation of each purchase through the third party entity that provides the service described by this invention leads to a reduction of fraud.