In the Corporate World, Is Bigger Badder?
At checkout, a payment option would be "MoneyPark Account number," which would also identify the state, for tax purposes.
The customer would then type in an individual account number, noting the exact transaction price including tax and shipping, and disconnect from the site.
Nothing would happen until the customer pays the line item charge on the MoneyPark account.
When the customer is ready to release the purchase for delivery (normally immediately), he/she will log on to their MoneyPark account, and verify the line item/s and amount/s they wish to pay.
To complete the transaction, the purchaser will open the source account (bank, credit card, PayPal, etc.), and transfer the exact amount of the purchase/s. An automatic receipt and money transfer will be sent to the merchant along with the default shipping address. If the purchase is to be sent to a third party, the appropriate address is provided at the MoneyPark account page. Although this process appears cumbersome, it is very logical--buy, authenticate, pay. It is actually easier than entering all the information required with a credit card purchase, and so much more secure. The biggest advantage is the added security of disconnecting the merchant and unwanted eyes from access to the buyer's financial institution or information. An additional safety benefit is the opportunity to intervene in an electronic interaction with the MoneyPark approval step.
A patent has been applied for, and appropriate business partners are being sought by the developer, Leon Helfet of Helfet Inventions Inc.
--Leon Helfet, president, Helfet Inventions Inc.
Denny Hatch's response:
Fascinating stuff and I will certainly post it.
A couple of concerns from a business point of view. First, so much stuff of a personal nature is out there, you cannot get it back. Like H.R. (Bob) Haldeman (Nixon's henchman) said, "Once the toothpaste is out of the tube, it's very hard to get it back in.