07398253 is referenced by 192 patents and cites 28 patents.

A system and method for performing an on-line transaction, such as making a payment, with a single-use payment instrument makes use of computer hardware and software, such as the computing device of a customer, the customer's bank's home banking server, the bank's card authorization server, a vendor's website server, and the vendor's credit card acquirer, coupled to one another over a network. The customer is issued a single use payment instrument through the bank, the bank debits an account nominated by the customer for the requested value of the payment instrument and may also specify an expiry for the payment instrument. The customer is able to nominate a particular source of funds for each transaction from among various accounts of the customer. The payment instrument settles and clears through existing credit card payment mechanisms without a need for special accommodation with the Internet vendor.

Title
System and method for performing an on-line transaction using a single-use payment instrument
Application Number
9/641896
Publication Number
7398253 (B1)
Application Date
August 18, 2000
Publication Date
July 8, 2008
Inventor
Nigel Pinnell
Santa Monica
CA, US
Agent
King & Spalding
George T Marcou
Assignee
Citicorp Development Center
OH, US
IPC
G06Q 99/00
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