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The E-Payments patent solves the following problem:
Our analysis of this patent is as follows:
E-Payments’s patent US 7171694 B1 deals with Method for performing a transaction over a network.
A method for executing a transaction between a legal entity with a with a willingness to perform such transactions, and a legal organization B on a creature network , the transactions conducted by legal entity, where the legal entity in one, examining the approval of the legal entity B, involving transactions with a verification badges, the verification badges special temporary badges given to the legal entity in one by one legal entity C thus guarantee the legal entity to an agreement, the provisions of the special temporary ensigns legal entity through a legal entity C that the legal conditions of a company giving legal entity C a secret identification code confirms the identity of the legal entity with a legal entity C, the legal entity B validating the unique transitory insignia, and on the positive validation, and only then, will accept the transaction, and the temporary special insignia that invalidated substantially immediately after the validation.
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