WO2015145215A1

WO2015145215A1 - Providing and consuming lines of credit and offers of provider(s) for making payments and purchasing products and/or services

Info

Publication number: WO2015145215A1
Application number: PCT/IB2014/060262
Authority: WO
Inventors: Yogesh Chunilal Rathod
Original assignee: Yogesh Chunilal Rathod
Priority date: 2014-03-28
Filing date: 2014-03-28
Publication date: 2015-10-01

Abstract

A methods, systems, application, web site, device, network, apparatus and platform where provider or seller can determine, manage, update & provide customized or personalized lines of credit & offers to users and users can request, accept, use for purchasing products/services & manage line of credit & offers from provider(s) via Dynamic Card Online Account or online e-commerce account.

Description

PROVIDING AND CONSUMING LINES OF CREDIT AND OFFERS OF

PROVIDER(S) FOR MAKING PAYMENTS AND PURCHASING PRODUCTS

AND/OR SERVICES

FIELD OF INVENTION

The present invention relates generally to enabling platform where provider or seller can determine, manage, update & provide customized or personalized lines of credit & offers to users and users can request, accept, use for purchasing products/services & applications or digital items & manage line of credit & offers from provider(s) via Dynamic Card Online Account or online e-commerce account or account.

BACKGROUND OF THE INVENTION

A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services provided by various merchants and online web sites based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

At present card issuer(s) and/or card network(s) and/or acquirer(s) and/or merchant facilitates user in providing short term loans, making offline & online payments for buying of goods and services to plurality types of merchants and getting small percentage of charges for providing said services and transaction.

At present Klarna enables customer to get the goods before pay via invoice or account and enables seller to offer invoice and account to their online customers. But Klarna provides credits to customer on behalf of seller, so buyer can make payment after purchasing of goods via invoices and installments of payments. We enable each registered seller to determine, manage, provide & update customized line of credit & offers to user(s) of group of users and users can request, accept, use for purchasing products/services & manage line of credit & offers from provider(s) via Dynamic Card Online Account or e-commerce account or purchase account or account.

Therefore, it is with respect to these considerations and others that the present invention has been made.

OBJECT OF THE INVENTION

The principal object of the present invention is to providing platform where provider(s) or seller(s) can determine, manage, provide & update customized line of credit & offers to users and users can request, accept, use for purchasing products/services & manage line of credit & offers from provider(s) via Dynamic Card Online Account or e-commerce account or purchase account or account.

The other object of the present invention is to facilitating providers or sellers or merchants to retain existing customers, maintain customer relationships & loyalty, get more sales, get advance orders & group deals, attract new customers, minimize risk of pay later based sales via updated credit scoring of each user

The other object of the present invention is to facilitating providers or sellers or merchants to easy to integrate "Dynamic Card as Payment mode" with seller's site, easy to accept "Dynamic Card as Payment mode" at offline store via online web site seller's account interface, when seller offer "Dynamic Card as Payment mode" on their web shop, they open up their e-doors to millions of potential consumers who prefer to pay by dynamic card. Because "Dynamic Card" is the safest and simplest way to shop online and decrease the cart abandonment rate and increase conversion, resulting in more sales. Based on our private global credit scoring, provider always update with credit worthiness of users which minimizes the risk. "Dynamic Card" Checkout is the revolutionary payment solution that changes the way the world shops online as well as offline. With Dynamic Card Checkout, seller can offer to their customers customize or personalize line of credits, offers & all the popular payment methods in one payment solution. Ingeniously simple and friction free.

The other object of the present invention is to facilitating providers or sellers or merchants to with "Dynamic Card" Checkout, customers only need to provide account number and password associate with "Dynamic Card" to complete a purchase. This simplicity minimizes the risk of online cart abandonment and make easy for offline purchases. In this way, the number of steps between wanting to buy and completing the purchase is reduced to a minimum. Making the purchase process not only simpler, but also faster. Shopping on a mobile device has always been more complicated than on a desktop. While today almost 20% of all e-commerce traffic comes from shoppers using mobile, conversion is still 60% lower than those using desktops. We can develop "Dynamic Card" Checkout for desktops, smart phones and tablets, and is compatible with Apple iOS, Android and Windows Mobile/Windows 8. Its friction-free purchasing process lets consumers make a purchase instantly using only their "Dynamic Card" Account Number & Password, with no pre-registration or credit cards. The result? Mobile conversion rates are now just as high as on desktop. The simplicity of "Dynamic Card" Checkout goes hand in hand with its security.

The other object of the present invention is to facilitating providers or sellers or merchants to in order for a customer to complete a purchase only using a "Dynamic Card" Account Number & Password, for providing real-time & on-demand credit, "Dynamic Card" must perform a swift and efficient background check of the information. And it is done so thoroughly that "Dynamic Card" can assume all the risk for fraud and credit loss, for both the customer and the merchant. Based on global credit scoring seller minimizes risk for payment by customers. This means provider or sellers never need to worry about the credit and fraud risk and can focus on more important things. It is both simple and safe.

The other object of the present invention is to facilitating providers or sellers or merchants to increase sales via "Dynamic Card" - The majority of consumers do not feel safe when they shop online. With "Dynamic Card" Account Number & Password, your customers can always feel safe, because they never need to give any sensitive information such as credit card numbers and they always pay after receiving the goods.

The other object of the present invention is to facilitating providers or sellers or merchants to simple integration - "Dynamic Card" will offers many different integration options, regardless of whether provider or seller are an e- store offline store that has just started up or a big international organization. We can develop APIs and ready-made modules that make it easy to apply the payment service in online or offline seller's store. We can help with customizing the integration so that it suits seller's existing business system.

The other object of the present invention is to facilitating providers or sellers or merchants to increase customers' buying power - "Dynamic Card" account gives customers the opportunity to decide how much of the total amount they want to pay each month. For seller or provider, this is an opportunity that can increase the number of purchases and improve customers' buying power.

The other object of the present invention is to facilitating providers or sellers or merchants to increase sales of seller or provider - With "Dynamic Card" account, seller have the chance to attract the strongest buying group on the market. Not only do they buy five times as much on the internet as a normal consumer, but they actively seek out the stores that offer "Dynamic Card" account The other object of the present invention is to facilitating providers or sellers or merchants to gathering the customer's purchases - With "Dynamic Card" account, the customer can gather all the month's purchases together on one payment via various payment mode. This makes life easier for the customer and allows for more purchases, which increases your sales. The other object of the present invention is to facilitating providers or sellers or merchants to "Dynamic Card" system can preinstalled in the shopping cart software for getting started with "Dynamic Card" as payment mode.

The other object of the present invention is to for providing real-time & on demand credit to customer by provider when a purchase is made by online or offline customer, we can makes a micro-credit check of the customer for providers where we are able to get enough information to decide if we suggest provider to approve or deny the purchase. The customer will receive an answer if the purchase is approved or not by provider. Final decision to allow purchase is in the hand of seller.

The other object of the present invention is to enabling users or customers of network to get various types of credits, line of credits and offers from multiple sources including preferred or past sellers, sellers located at user's location, sellers connected, interested, transacted, interacted with user based on past or regular purchases, goodwill, relationship, contacts, affiliations etc.

The other object of the present invention is to enabling users or customers of network to manage one or more types of credits, line of credits and offers from one or more sources at one place. The other object of the present invention is to enabling users or customers of network to get updated credits & offers based on various factors including regular payments, total amount of purchases, referrals, participate in various programs etc. The other object of the present invention is to enabling users or customers of network to no need for complicated or sensitive information like credit card numbers or passwords in making purchase. The other object of the present invention is to enabling users or customers of network to always get goods first and then pay for them after purchase or delivery.

The other object of the present invention is to enabling users or customers of network to use variety of payment options for making payments via account in single source and in single mode.

The other object of the present invention is to enabling users or customers of network to first, the purchase is confirmed. Then afterwards, the customer chooses how they want to pay. Separating the buying from the actual paying simplifies the purchase process and significantly increases sales.

The other object of the present invention is to enabling users or customers of network to "Dynamic Card" Account allows user to collect multiple purchases from different e-stores or offline physical stores onto one convenient payment at the end of the month or particular period of time. User can also spread their payments out and decide how much they want to pay each month or particular period of time.

The other object of the present invention is to enabling users or customers of network to maintain & manage multiple offer cards of brands, sellers, service providers in single place.

DETAIL DESCRIPTION OF THE PREFERRED EMBODIMENT

The present invention now will be described more fully hereinafter with reference to the accompanying drawings, which form a part hereof, and which show, by way of illustration, specific exemplary embodiments by which the invention may be practiced. This invention may, however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure will be thorough and complete, and will fully convey the scope of the invention to those skilled in the art. Among other things, the present invention may be embodied as methods or devices. Accordingly, the present invention may take the form of an entirely hardware embodiment, an entirely software embodiment or an embodiment combining software and hardware aspects. The following detailed description is, therefore, not to be taken in a limiting sense.

Throughout the specification and claims, the following terms take the meanings explicitly associated herein, unless the context clearly dictates otherwise. The phrase "in one embodiment" as used herein does not necessarily refer to the same embodiment, though it may. Furthermore, the phrase "in another embodiment" as used herein does not necessarily refer to a different embodiment, although it may. Thus, as described below, various embodiments of the invention may be readily combined, without departing from the scope or spirit of the invention.

In addition, as used herein, the term "or" is an inclusive "or" operator, and is equivalent to the term "and/or," unless the context clearly dictates otherwise. The term "based on" is not exclusive and allows for being based on additional factors not described, unless the context clearly dictates otherwise. In addition, throughout the specification, the meaning of "a," "an," and "the" include plural references. The meaning of "in" includes "in" and "on."

Briefly stated, the present invention is directed towards enabling provider(s) or seller(s) or merchant(s) to determine, configure, update, upgrade & provide customized or personalized one or more types of lines of credit or credit & offers to one or more or group of users or customers; present said lines of credit & offers of one or more providers to one or more or group of user(s) or customer(s); enabling user(s) or customer(s) to accept or decline or ignore said lines of credit & offers from one or more providers; and enabling user(s) or customer(s) to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of payments and making payments for online or offline purchasing of products and/or services and/or applications or digital contents of/related to/ associate with/offer or listed or provided or sell by said provider or seller or merchant or affiliate via or on behalf of said provider or seller or merchant or affiliate.

In one embodiment enabling user(s) to and provider(s) or seller(s) or merchant(s) to register, update profile, verifies, validate & authenticate with server or network.

In another embodiment creating or presenting account or e-commerce account or purchase account or dynamic card online account for user and provider or seller or merchant for managing one or more types of lines of credit & offers.

In another embodiment enabling user and provider or seller or merchant to view updated scoring of lines of credit & offers or credit scoring of user(s).

In another embodiment enabling user to search, match, find, browse, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, categories directories or lists, referred, & suggested and send request to one or more or group(s) or set of providers or sellers or merchants to providing one or more types of lines of credit & offers to user or one or more referred or suggested or connected user(s) of user. In another embodiment enabling provider or seller or merchant to search, match, find, import, browse, invite, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, invitation accepted, categories directories or lists, referred, & suggested one or more or group(s) or set of users or customers of network for determining, configuring, updating & providing customized or personalized one or more types of lines of credit & offers.

In another embodiment enabling user to view, select, clarify, make request or suggest to update, accept, decline, ignore, compare & negotiate one or more types of offered or presented lines of credit & offers from one or more providers or sellers or merchants.

In another embodiment enabling user to use or not use accepted one or more types of lines of credit & offers from one or more providers or sellers or merchants for purchasing online or offline products and/or services. In another embodiment enabling provider or seller or merchant to determine & update one or more types of lines of credit & offers for one or more users or customers based on user's request, invitation accepted by user, regularity of payments to credit providers or sellers or merchants, past or frequent purchases & amount of purchases, advance orders, group orders, customer regularity or loyalty, location, behavior, social connections, profile including gender, age, qualification, associate with particular school, college or company & income range, user's connections or contacts, relationships, affiliations, kinships, references, trust, goodwill, name, contributions, tasks, works, sponsorships, advertisements, activities, transactions, contextual or similar purchases from other sources, credit score from credit bureaus, account based payment network's credit scores including total extended credits of user and any combination thereof. In another embodiment enabling provider or seller or merchant to integrate pay via dynamic card or online e-commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for enabling online users or customers to make payment for purchased product(s) and/or service(s).

In another embodiment enabling user to use & access pay via dynamic card or online e- commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for making payment of purchased product(s) and/or service(s).

In another embodiment issuing dynamic card to registered users of network for enabling user to purchasing of products and/or services from offline stores, wherein dynamic card comprises user's online e-commerce or purchase account number, password, details required for making payments and other authentication information.

In another embodiment enabling user to use said issued dynamic card at one or more dynamic card accepted offline stores or merchants for making of payments for purchasing of products and/or services. In another embodiment enabling provider or seller or merchant to accept dynamic card via online interface, web site, web page or application of said registered provider or seller or merchant for accessing dynamic card associate online e-commerce account or purchase account or user account for making said dynamic card holder's or user's or customer's purchase transaction(s) with said provider or seller or merchant. In another embodiment utilize contextual or related credits or lines of credit & offers provided by contextual or related provider or seller or merchant for making payments of purchased products and/or services by user or customer or dynamic card holder. In another embodiment enabling provider or seller or merchant to provide real-time or on- demand or while purchasing or at the end of purchased products and services provide one or more type(s) of credits, lines of credit & offers to user or customer for purchasing of currently purchased products and/or services or purchase products and/or services in future based on provided one or more type(s) of credits, lines of credit & offers.

In another embodiment enable provider or seller or merchant to monitor & track payments of users (dues & paid), view orders & invoices, sent notifications or alerts to users or customers in the events of late payment. In another embodiment enabling user to make one source payments as per terms & conditions of one or more types of accepted credit lines & offers of one or more providers via one or more types of payment modes including pay via account, pay by other users on behalf of user, pay via credit or debit card, cash & net banking, pay by mobile and one or more other types of payment modes and any combination thereof.

In another embodiment enabling user to view orders, detail invoices, source wise or total payments dues, last payments & minimum payments, interest, dynamic card or online or offline e-commerce or purchase account detail statement. In another embodiment enabling provider or seller or merchant to list one or more products and/or services with one or more types of credit lines & offers for users of network.

In accordance with one embodiment enabling user(s) or customer(s) to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of payments based on associate terms, conditions, agreements, policies, verification, validation, authentication, authorization, rules & schemes including credit limits, installments, loans, subsidy, grants, bonus, payment durations, minimum payments, associate interest, fees, charges & commission, subscriptions, gift, deals, sponsored or free or sample or trail products and/or services, vouchers, coupons, redeemable points, discounts, cash back, commission for reoffering products and/or services, bulk discount and associate free services & supports of seller. In accordance with one embodiment enabling user(s) or customer(s) to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of auto payments and making auto payments for online or offline purchasing or advance ordering or group ordering of products and/or services and/or applications or digital contents or reserving of products & services to purchase within particular duration of/related to/ associate with/offer or listed or provided or sell by said provider or seller or merchant or affiliate via or on behalf of said provider or seller or merchant or affiliate.

In accordance with one embodiment each month, the dynamic card holder or e-commerce account or purchase account or payment account or account user is sent a statement indicating card holder account number, name, address, billing period, statement data, payment due date, current amount due, minimum amount due, balance summary including previous balance, payment received, new purchase, cash advance, finance charges, credit line, credit available, new balance, minimum payment due, reward summary including redeemable points, vouchers, coupons, Gift Certificates, gifts & various schemes & offers, the total purchases undertaken with the card, any outstanding fees, and the total amount owed for all and/or each or group(s) of purchased product(s) and/or service(s) with details, reference number, transaction date, amount of purchase, related minimum dues and total number of installments, each installment amount. The cardholder or account holder must pay a defined minimum portion of the amount owed by a due date, or may choose to pay a higher amount up to the entire amount owed which may be greater than the amount billed via one or more types of payment modes including debit card, credit card, cash, net banking, account & pay via mobile. The credit issuer charges interest on the unpaid balance if the billed amount is not paid in full. In addition, if the card or account user fails to make at least the minimum payment by the due date, the issuer may impose a "late fee" and/or other penalties on the user. To help mitigate this, in another embodiment some providers or financial institutions can arrange for automatic payments to be deducted from the user's bank accounts, thus avoiding such penalties altogether as long as the cardholder has sufficient funds. Provider can also offer the option of electronic statements, either in lieu of or in addition to physical statements, which can be viewed at any time by the cardholder or account holder via the online website or application. Notification of the availability of a new statement is generally sent to the cardholder's or account holder's email address. If the credit lines & offer issuer has chosen to allow it, the cardholder or account holder may have other options for payment besides a physical check, such as an electronic transfer of funds from a checking account. Depending on the provider or issuer, the cardholder or account holder may also be able to make multiple payments during a single statement period, possibly enabling him or her to utilize the credit limit on the card or account several times over. In one embodiment a periodic cardholder or customer statement includes opening balance, invoices, payments, credit memos, debit memos, and ending balance for the customer's account during a specified period. A monthly statement can be used as a summary invoice to request a single payment for accrued monthly charges.

In accordance with one embodiment users may apply for dynamic card or online payment account based on details provided by user and verification of provided details including duly accomplished and signed application form, personnel or profile details, income statements or proof of income including Certificate of Employment stating hire date, position and compensation, Employment Contract, Letter of Appointment, Notice of Salary Increase, Latest Payslip/s showing one month income, Latest Credit Card Statement, Tax Return (most recent and full-year), Audited Financial statements, Proof of Identification including Passport, Driver's License, Company ID and any other qualified or authorized identities, list of payments/charge/credit/debit/products & services cards, past cash expenses for & list of purchased branded and/or un-branded or local products and/or subscribed services, capacity of keeping minimum deposits at bank account for purchasing products and/or subscribing services, past history of other credit cards, requirement of saving account, available details of historical purchase transactions, requirements & preferences of products & services, current loans, debts, and other Eligibility Requirements including age range, income range and various factors time to time decide, updated and disclosed by issuer.

In accordance with one embodiment providing online updated statements including invoices & bills including a unique reference number, Date of the invoice, Tax payments if relevant (e.g. GST or VAT), Name and contact details of the seller, Tax or company registration details of seller (if relevant), Name and contact details of the buyer, Date that the product was sent or delivered, Purchase order number, Description of the product(s), Unit price(s) of the product(s) (if relevant), Total amount charged (optionally with breakdown of taxes, if relevant), Payment terms (including method of payment, date of payment, and details about charges for late payment), amount of purchases, details of purchased products & services including name, quantity, amount or prices for products & services, discounts, installments, credit limits, payment duration limits, a maximum number of days in which buyer have to pay for these goods and is sometimes offered a discount if paid before the due date, due dates, bonus, redeemable points, vouchers, coupons, Gift Certificates & offers, In accordance with one embodiment cardholder can billed for purchased products and services via card statements and can centrally manage products & services, purchases, transactions, digital invoices & bills, payments, dues, charges, fees, commissions, credits, installments, loans, insurances, discounts, claims, expenses, supports, access services associate with purchased products & services, relationships with providers, communications, accounting, ordering, reservations, auditing, inventory, budgets, supplies, usage, metering, administration, controlling, referring, sharing, suggesting, gifting, learning how to use or access, testing, returning, disposing, transferring, re-selling, trading, claiming digitization rights of products and/or services, redeemable points, vouchers, offers, bonus & coupons, Gift Certificates, user data including user profile, user generated data, shared data, message stream, activities stream, applications, connected users, social networks, groups, provided ranks, reviews & comments.

The many features and advantages of the invention are apparent from the detailed specification and, thus, it is intended by the appended claims to cover all such features and advantages of the invention that fall within the true spirit and scope of the invention. Further, since numerous modifications and changes will readily occur to those skilled in the art, it is not desired to limit the invention to the exact construction and operation illustrated and described, and accordingly all suitable modifications and equivalents may be resorted to, falling within the scope of the invention.

BRIEF DESCRIPTION OF THE DRAWINGS

Non-limiting and non-exhaustive embodiments of the present invention are described with reference to the following drawings. In the drawings, like reference numerals refer to like parts throughout the various figures unless otherwise specified.

For a better understanding of the present invention, reference will be made to the following Detailed Description, which is to be read in association with the accompanying drawings, wherein:

FIG. 1 is a system diagram of one embodiment of an environment in which the invention may be practiced;

FIG. 2 & 3 illustrates various modules or components for implementing or executing dynamic card account or e-commerce account system in one of the embodiment of the present invention;

FIG. 4 illustrates some of the examples of credit lines & offers related account based payment system or platform or network for making payments for purchasing of products and/or services. DETAILED DESCRIPTION OF THE DRAWINGS

The system for account or e-commerce account or purchase account or dynamic card online account based payments for purchasing of products and/or services and using or consuming offers may be referred to herein, for simplicity, as the "account based payment system." FIG. 1 illustrates a block diagram of an account based payment system configured to implement the platform where provider or seller or merchant can determine, manage, provide & update customized line of credit & offers to users or customers and users or customers can request, accept, use for purchasing products/services & manage line of credit & offers from provider(s) via Dynamic Card Online Account or e-commerce account or simply user account. While FIG. 1 illustrates a gateway 120, a database 115 and a server 110 as separate entities, the illustration is provided for example purposes only and is not meant to limit the configuration of the account based payment system. In some embodiments, gateway 120, database 115 and server 110 may be implemented in the account based payment system as separate systems, a single system, or any combination of systems. As illustrated in FIG. 1, the account based payment system may include a user or customer device or mobile devices 130/140 provider(s) or seller(s) or merchant(s) device or mobile devices 135/ 145. Devices or Mobile devices 130/140/135/145 may be particular set number of or an arbitrary number of devices or mobile devices which may be capable of accessing and managing or using dynamic card account or e-commerce account or purchase account or credit lines & offers account for making of payments for purchasing of products and/or services. Each device or mobile device in the set of user(s) or customer(s) 130/140 and provider(s) or seller(s) or merchant(s) device or mobile devices 135/140 may be configured to communicate, via a wireless connection, with each one of the other mobile devices 130/140/135/145. Each one of the mobile devices 130/140/135/145 may also be configured to communicate, via a wireless connection, to a network 125, as illustrated in FIG. 1. The wireless connections of mobile devices 130/140/135/145 may be implemented within a wireless network such as a Bluetooth network or a wireless LAN. As illustrated in FIG. 1, the account based payment system may include gateway 120. Gateway 120 may be a web gateway which may be configured to communicate with other entities of the account based payment system via wired and/or wireless network connections. As illustrated in FIG. 1, gateway 120 may communicate with mobile devices 130/140/135/145 via network 125. In various embodiments, gateway 120 may be connected to network 125 via a wired and/or wireless network connection. As illustrated in FIG. 1, gateway 120 may be connected to database 115 and server 110 of the account based payment system. In various embodiments, gateway 120 may be connected to database 115 and/or server 110 via a wired or a wireless network connection. Gateway 120 may be configured to send and receive data (e.g. determining, configuring, providing, managing & presenting credit lines and/or offers from one or more providers to one or more users and using & managing accepted lines of credit & offers for purchasing online or offline products and/or services) to/from mobile devices 130/140/135/145. For example, gateway 120 may be configured to receive determined or configured lines of credit & offers for one or more users provided by one or more providers or sellers or merchants and present to one or more related users of network, so user can accept or deny or ignore and use said provided or presented lines of credit & offers request(s) for purchasing of online or offline products and/or services from a mobile device and may send the updates lines of credit & offers, user profile, user usage of account for purchasing of products and/or services, payments made, generated orders & invoices and statements, user's global or our or network wide credit scoring, user data, user accounts to database 115 for storage.

As another example, gateway 120 may be configured to send request(s) to search, match, invite, request providers or customers or users, manage & access user or provider accounts and access or view presented or provided or accepted lines of credits & offers user data, user profile, orders & invoices stored in database 115 to mobile devices 130/140/135/145. Gateway 120 may be configured to receive requests from mobile devices 130/140/135/145 for managing and accessing user or provider accounts. For example, gateway 120 may receive a request from a mobile device and may query database 115 with the request for searching and matching request specific matched users who are located at request specific place(s) or location(s). Gateway 120 may be configured to inform server 110 of updated data. For example, gateway 120 may be configured to notify server 110 when a new credit lines & offers has been received from a mobile device or device of provider(s) or seller(s) or merchant(s) and stored on database 115.

As illustrated in FIG. 1, the account based payment system may include a database, such as database 115. Database 115 may be connected to gateway 120 and server 110 via wired and/or wireless connections. Database 115 may be configured to store a database of registered user's profile, accounts, determined, configured, provided, accepted & used lines of credits & offers, user data, invoices, orders & payments information received from mobile devices

130/140/135/145 via network 125 and gateway 120.

Database 115 may also be configured to receive and service requests from gateway 120. For example, database 115 may receive, via gateway 120, a request from a mobile device and may service the request by providing, to gateway 120, user profile, user data, user or provider account's related data which meet the criteria specified in the request. Database 115 may be configured to communicate with server 110. As illustrated in FIG. 1, the account based payment system may include a server, such as server 110. Server may be connected to database 115 and gateway 120 via wired and/or wireless connections. As described above, server 110 may be notified, by gateway 120, of new or updated user profile, user data, determined, configured, provided, accepted & used lines of credits & offers, purchased product(s) and/or service(s) details, payments made by users, generated invoices, statements, orders & various types of status stored in database 115. Server 110 may be configured to send updated metadata for each new or updated user profile, user data, determined, configured, provided, accepted & used lines of credits & offers, purchased product(s) and/or service(s) details, payments made by users, generated invoices, statements, orders & various types of status to database 115 such that the metadata identifies the new or updated user profile, user data, determined, configured, provided, accepted & used lines of credits & offers, purchased product(s) and/or service(s) details, payments made by users, generated invoices, statements, orders & various types of status in database 115.

Figure 2 & 3 illustrates some of the modules or processes or steps or functions or logic which can work fully or partially or independently or concurrently or optionally or in any combination or in any order or sequences for implementing account based payment system in one of the embodiment of present invention. In one embodiment user can register with account based payment system, application, service, web site, account, device, network & platform 205. In one embodiment provider or seller or merchant can register with account based payment system, application, service, web site, account, device, network & platform 305.

In another embodiment user can apply for or user is provided with verified accounts service 210. In another embodiment provider or seller or merchant can apply for or user is provided with verified accounts service 310.

In another embodiment user is enable to manage user profile, user connections, payment information, privacy settings, preferences and user data 215. In another embodiment provider or seller or merchant is enabling to manage profile, connections, payment information, privacy settings, preferences and user data 315.

In another embodiment after registering of user or group of user(s), online account or purchase account or e-commerce account or dynamic card account is created for user or group of user(s) for viewing, accepting, declining, ignoring, requesting, applying, accepting invitations, clarifying, demanding, sorting, filtering, ranking, bookmarking, referring, comparing, negotiating, using & managing one or more types of pre, while & post purchase credit lines & offers from one or more providers for purchasing product(s) and/or service(s) 220. In another embodiment after registering of provider or seller or merchant or group of provider(s) or seller(s) or merchant(s), online provider or seller or merchant account or sell account or e-commerce account or dynamic card account is created for provider or seller or merchant or group of provider(s) or seller(s) or merchant(s) for determining, configuring, updating, inviting, suggesting, providing, tracking, monitoring & managing one or more types of credit lines & offers from one or more providers 345.

In another embodiment user is enable to search, match, find, browse, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, categories directories or lists, referred, & suggested and send request to one or more or group(s) or set of providers or sellers or merchants to providing one or more types of lines of credit & offers to user or one or more referred or suggested or connected user(s) of user 225. In another embodiment enabling provider or seller or merchant to search, match, find, import, browse, invite, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, invitation accepted, categories directories or lists, referred, & suggested one or more or group(s) or set of users or customers of network for determining, configuring, updating & providing customized or personalized one or more types of lines of credit & offers 320.

In another embodiment enabling provider or seller or merchant to determine, configure, update & provide customized or personalized one or more types of lines of credit & offers to one or more users or customers and present said lines of credit & offers to one or more users 325. In another embodiment provider or seller or merchant is provided with or suggested with or enabled to search, match, sort, filter, select, and view one or more types of user data, user's credit scoring & user profile. In another embodiment enabling user to view, select, clarify, make request or suggest to update, accept, decline, ignore, compare & negotiate one or more types of offered or presented lines of credit & offers from one or more providers or sellers or merchants 240/255. In another embodiment enabling user to use or not use accepted one or more types of lines of credit & offers from one or more providers or sellers or merchants for purchasing online or offline products and/or services. In another embodiment line of credits may including credit, loans, number of installments for particular period of time, cash back, discount, differentiate rates and offers may including redeemable points, coupons, vouchers, gifts, gift certificates, free products and/or service subscriptions and like. In another embodiment enabling provider or seller or merchant to determine & update one or more types of lines of credit & offers for one or more users or customers based on user's request, invitation accepted by user, regularity of payments to credit providers or sellers or merchants, past or frequent purchases & amount of purchases, advance orders, group orders, customer regularity or loyalty, location, behavior, social connections, profile including gender, age, qualification, associate with particular school, college or company & income range, user's connections or contacts, relationships, affiliations, kinships, references, trust, goodwill, name, contributions, tasks, works, sponsorships, advertisements, activities, transactions, contextual or similar purchases from other sources, credit score from credit bureaus, account based payment network's credit scores including total extended credits of user and any combination thereof.

In another embodiment enabling provider or seller or merchant to integrate pay via dynamic card or online e-commerce account or purchase account or account feature or function or button or link via web service(s), API & one or more types of communication interface at online store, website, e-commerce web site or shopping cart, application, device & service for enabling online users or customers to make payment for purchased product(s) and/or service(s) 335.

In another embodiment enabling user to use & access pay via dynamic card or online e- commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for making payment of purchased product(s) and/or service(s) 245. In another embodiment enabling user to input or select or enter dynamic card account or online e-commerce or purchaser account number and associate password or one or more types of authentication & authorization information for making payments of particular products and/or services. In another embodiment user can select purchased products and/or services associated credit lines & offers for making payments. In another embodiment when user inputs or selects or enters dynamic card account or online e- commerce or purchaser account number and associate password or one or more types of authentication & authorization information for making payments of particular products and/or services then online user account automatically identifies purchased products and/or services associated credit lines & offers and enabling user to making payments. Based on credit lines & offers of one or more providers user can make payment later via one or more types of payment mode. In another embodiment when user inputs or selects or enters dynamic card account or online e-commerce or purchaser account number and associate password or one or more types of authentication & authorization information for making payments of particular products and/or services and in the event of non-availability of purchased products and/or services associate lines of credit & offers for making payments, system automatically checks credit scoring of user and automatically provide and/or enable provider to automatically or manually or on-demand or realtime provide credits & offers for purchased products and/or services and/or provide credits & offers to user.

In another embodiment issuing dynamic card to registered users of network for enabling user to purchasing of products and/or services from offline stores, wherein dynamic card comprises user's dynamic card or online e-commerce or purchase account number, password, one or more types of authorization or authentication information & details required for making payments 250. In another embodiment enabling user to use said issued dynamic card at one or more dynamic card accepted offline stores or merchants for making of payments for purchasing of products and/or services 250.

In another embodiment enabling provider or seller or merchant to accept dynamic card via online interface, web site, web page or application of said registered provider or seller or merchant for accessing dynamic card associate online e-commerce account or purchase account or user account for making said dynamic card holder's or user's or customer's purchase transaction(s) with said provider or seller or merchant 340.

In another embodiment utilize contextual or related credits or lines of credit & offers provided by related provider or seller or merchant for making payments of purchased products and/or services by user or customer or dynamic card holder.

In another embodiment enabling provider or seller or merchant to provide real-time or on- demand or while purchasing or at the end of purchased products and services provide one or more type(s) of credits, lines of credit & offers to user or customer for purchasing of currently purchased products and/or services or purchase products and/or services in future based on provided one or more type(s) of credits, lines of credit & offers.

In another embodiment enable provider or seller or merchant to monitor & track payments of users including payment dues & paid, view orders & invoices, sent notifications or alerts to users or customers in the events of late payment 350.

In another embodiment enabling user to make one source payments as per terms & conditions of one or more types of accepted credit lines & offers of one or more providers via one or more types of payment modes including pay via account, pay by other users on behalf of user, pay via credit or debit card, cash & net banking, pay by mobile and one or more other types of payment modes and any combination thereof 260.

In another embodiment enabling user to view orders, detail invoices, source wise or total payments dues, last payments & minimum payments, interest, dynamic card or online or offline e-commerce or purchase account detail statement 265. In another embodiment enabling provider or seller or merchant to list one or more products and/or services with or without one or more types of credit lines & offers for users of network 365. In another embodiment enabling user to view, search, match, browse, sort, filter, bookmark, add to one or more types of lists, refer & select said listed products and/or services by one or more providers and add to cart, participate in group deals, make order or purchase one or more applications and/or products and/or services 270. In another embodiment enabling user to search, match, find, import, create, invite, accept invitations, & add one or more connections or contacts and enabling user to create, join, participate in one or more social networks 275. In another embodiment user is also enable to fully or partially transfer, assign one or more types of lines of credits & offers to one or more other users of network(s) including connected users. In another embodiment user is enabling to make payments for utilizing of credits on behalf of other users of network(s). In another embodiment user is enabling to refer one or more types of lines of credit & offers for one or more users to one or more providers. In another embodiment user is enabling to create one or more accounts or members for enabling said one or more authenticated users or members to fully or partially or based on rules, privacy settings, preferences & policies access and utilize said dynamic card or online e-commerce or purchase account of said admin user for purchasing of one or more products and/or services by said created & authenticated users. In another embodiment user is enabling to provide ratings, rank, weights, comments, and reviews to one or more users, providers, type(s) of lines of credit and/or offers. In another embodiment enabling provider to view presented credit checks & updated account based payment system's network-wide credit scoring, selective user data, auto suggestions & credit score from credit bureaus of related users provided by server 355.

In another embodiment enabling user and provider or seller or merchant to view updated scoring of lines of credit & offers or credit scoring of user(s) 235.

In another embodiment enabling provider to update provider related credit score. So server is enabling to collectively determine user's credit scoring based on credit score of each user provided by one or more related or contextual providers 360. FIG. 4 illustrates some of the examples of credit lines & offers related account based payment system or platform or network for making payments for purchasing of products and/or services. Figure illustrates exemplary platform where provider or seller can determine, manage, provide & update customized line of credit & offers to users and users can request, accept, use for purchasing products/services & manage line of credit & offers from provider(s) via Dynamic Card Online Account or online e-commerce account or purchase account or account 405. Provider can online or offline sell with dynamic card or pre-credit lines & offers based payment mode account number or e-commerce account number or purchase account number or user's account number 410. For example shop [Metro] 415 is one of the sellers or merchants or providers of credit lines & offers can determines, configures, updates & provides lines of credits & offers (e.g. pay after 6 months via 5 monthly installments of $1000 up-to $5000) to one or more users of network e.g. user or customer [A] 440 and user or customer [A] 440 accepts said provided lines of credits & offers of provider or seller or merchant shop [Metro] 415, which enables user or customer [A] 440 to purchase of buy products and/or services 450 from shops of metro via dynamic card or purchase online from web site, e-commerce site via user's account number & password or associate one or more types of authentication & authorization information. User or customer [A] 440 can make payments for one or more purchased products and/or services of one or more providers later or after receiving of products and subscribing of services via one or more types of payment modes in single mode. Similarly other registered providers Airline [Jet] 417 provides lines of credit & offers to users or customers [A] 440 & [B] 442, Department Stores [Harrods] 419 provides lines of credit & offers to user or customer [A] 440, Vegetable Seller [Mr. Veg Smith] 422 provides lines of credit & offers to user or customer[A] 445 and other plurality providers 425 of network can determines, configures, updates & provides lines of credits & offers to one or more users 448 of network.

In an embodiment a program is written as a series of human understandable computer instructions that can be read by a compiler and linker, and translated into machine code so that a computer can understand and run it. A program is a list of instructions written in a programming language that is used to control the behavior of a machine, often a computer (in this case it is known as a computer program). A programming language's surface form is known as its syntax. Most programming languages are purely textual; they use sequences of text including words, numbers, and punctuation, much like written natural languages. On the other hand, there are some programming languages which are more graphical in nature, using visual relationships between symbols to specify a program. In computer science, the syntax of a computer language is the set of rules that defines the combinations of symbols that are considered to be a correctly structured document or fragment in that language. This applies both to programming languages, where the document represents source code, and markup languages, where the document represents data. The syntax of a language defines its surface form. Text-based computer languages are based on sequences of characters, while visual programming languages are based on the spatial layout and connections between symbols (which may be textual or graphical or flowchart(s)). Documents that are syntactically invalid are said to have a syntax error. Syntax - the form - is contrasted with semantics - the meaning. In processing computer languages, semantic processing generally comes after syntactic processing, but in some cases semantic processing is necessary for complete syntactic analysis, and these are done together or concurrently. In a compiler, the syntactic analysis comprises the frontend, while semantic analysis comprises the backend (and middle end, if this phase is distinguished). There are millions of possible combinations, sequences, ordering, permutations & formations of inputs, interpretations, and outputs or outcomes of set of instructions of standardized or specialized or generalized or structured or functional or object oriented programming language(s).

The present invention has been described in particular detail with respect to a limited number of embodiments. Those of skill in the art will appreciate that the invention may additionally be practiced in other embodiments. First, the particular naming of the components, capitalization of terms, the attributes, data structures, or any other programming or structural aspect is not mandatory or significant, and the mechanisms that implement the invention or its features may have different names, formats, or protocols. Furthermore, the system may be implemented via a combination of hardware and software, as described, or entirely in hardware elements. Also, the particular division of functionality between the various system components described herein is merely exemplary, and not mandatory; functions performed by a single system component may instead be performed by multiple components, and functions performed by multiple components may instead performed by a single component. Additionally, although the foregoing

embodiments have been described in the context of a social network website, it will apparent to one of ordinary skill in the art that the invention may be used with any social network service, even if it is not provided through a website. Any system that provides social networking functionality can be used in accordance with the present invention even if it relies, for example, on e-mail, instant messaging or any other form of peer-to-peer communications, or any other technique for communicating between users. Systems used to provide social networking functionality include a distributed computing system, client-side code modules or plug-ins, client-server architecture, a peer-to peer communication system or other systems. The invention is thus not limited to any particular type of communication system, network, protocol, format or application.

The foregoing description of the embodiments of the invention has been presented for the purpose of illustration; it is not intended to be exhaustive or to limit the invention to the precise forms disclosed. Persons skilled in the relevant art can appreciate that many modifications and variations are possible in light of the above disclosure.

Some portions of this description describe the embodiments of the invention in terms of algorithms and symbolic representations of operations on information. These algorithmic descriptions and representations are commonly used by those skilled in the data processing arts to convey the substance of their work effectively to others skilled in the art. These operations, while described functionally, computationally, or logically, are understood to be implemented by computer programs or equivalent electrical circuits, microcode, or the like. Furthermore, it has also proven convenient at times, to refer to these arrangements of operations as modules, without loss of generality. The described operations and their associated modules may be embodied in software, firmware, hardware, or any combinations thereof.

Any of the steps, operations, or processes described herein may be performed or implemented with one or more hardware or software modules, alone or in combination with other devices. In one embodiment, a software module is implemented with a computer program product comprising a computer-readable medium containing computer program code, which can be executed by a computer processor for performing any or all of the steps, operations, or processes described.

Embodiments of the invention may also relate to an apparatus for performing the operations herein. This apparatus may be specially constructed for the required purposes, and/or it may comprise a general-purpose computing device selectively activated or reconfigured by a computer program stored in the computer. Such a computer program may be stored in a tangible computer readable storage medium or any type of media suitable for storing electronic instructions, and coupled to a computer system bus. Furthermore, any computing systems referred to in the specification may include a single processor or may be architectures employing multiple processor designs for increased computing capability. Embodiments of the invention may also relate to a computer data signal embodied in a carrier wave, where the computer data signal includes any embodiment of a computer program product or other data combination described herein. The computer data signal is a product that is presented in a tangible medium or carrier wave and modulated or otherwise encoded in the carrier wave, which is tangible, and transmitted according to any suitable transmission method.

Finally, the language used in the specification has been principally selected for readability and instructional purposes, and it may not have been selected to delineate or circumscribe the inventive subject matter. It is therefore intended that the scope of the invention be limited not by this detailed description, but rather by any claims that issue on an application based here on. Accordingly, the disclosure of the embodiments of the invention is intended to be illustrative, but not limiting, of the scope of the invention, which is set forth in the following claims.

Claims

I claim:

A method comprising:

• enabling provider(s) or seller(s) or merchant(s) to determine, configure, approve, offer, update, upgrade & provide customized or personalized one or more types of lines of credit or credit & offers to one or more or group of users or customers;

• present said lines of credit & offers of one or more providers to one or more or group of user(s) or customer(s);

• enabling user(s) or customer(s) to accept or decline or ignore said lines of credit & offers from one or more providers; and

• enabling user(s) or customer(s) to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of payments and making payments for online or offline purchasing of products and/or services and/or applications or digital contents of/related to/ associate with/offer or listed or provided or sell by said provider or seller or merchant or affiliate via or on behalf of said provider or seller or merchant or affiliate.

A method according to claim 1, wherein enabling user and provider or seller or merchant to register, update profile, verifies, validate & authenticate with server or network.

A method according to claim 1, wherein creating or presenting account or e-commerce account or purchase account or dynamic card online account for user and provider or seller or merchant for managing one or more types of lines of credit & offers.

A method according to claim 1, wherein enabling user and provider or seller or merchant to view updated scoring of lines of credit & offers or credit scoring of user(s).

A method according to claim 1, wherein enabling user to search, match, find, browse, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, categories directories or lists, referred, & suggested and send request to one or more or group(s) or set of providers or sellers or merchants to providing one or more types of lines of credit & offers to user or one or more referred or suggested or connected user(s) of user.

A method according to claim 1, wherein enabling provider or seller or merchant to search, match, find, import, browse, invite, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, invitation accepted, categories directories or lists, referred, & suggested one or more or group(s) or set of users or customers of network for determining, configuring, updating & providing customized or personalized one or more types of lines of credit & offers. 7. A method according to claim 1, wherein enabling user to view, select, clarify, make request or suggest to update, accept, decline, ignore, compare & negotiate one or more types of offered or presented lines of credit & offers from one or more providers or sellers or merchants. 8. A method according to claim 1, wherein enabling user to use or not use accepted one or more types of lines of credit & offers from one or more providers or sellers or merchants for purchasing online or offline products and/or services.

9. A method according to claim 1, wherein enabling provider or seller or merchant to determine & update one or more types of lines of credit & offers for one or more users or customers based on user's request, invitation accepted by user, regularity of payments to credit providers or sellers or merchants, past or frequent purchases & amount of purchases, advance orders, group orders, customer regularity or loyalty, location, behavior, social connections, profile including gender, age, qualification, associate with particular school, college or company & income range, user's connections or contacts, relationships, affiliations, kinships, references, trust, goodwill, name, contributions, tasks, works, sponsorships, advertisements, activities, transactions, contextual or similar purchases from other sources, credit score from credit bureaus, account based payment network's credit scores including total extended credits of user and any combination thereof.

10. A method according to claim 1, wherein enabling provider or seller or merchant to integrate pay via dynamic card or online e-commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for enabling online users or customers to make payment for purchased product(s) and/or service(s).

11. A method according to claim 1, wherein enabling user to use & access pay via dynamic card or online e-commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for making payment of purchased product(s) and/or service(s).

12. A method according to claim 1, wherein issuing dynamic card to registered users of network for enabling user to purchasing of products and/or services from offline stores, wherein dynamic card comprises user's online e-commerce or purchase account number, password, details required for making payments and other authentication information.

13. A method according to claim 12, wherein enabling user to use said issued dynamic card at one or more dynamic card accepted offline stores or merchants for making of payments for purchasing of products and/or services.

14. A method according to claim 1, wherein enabling provider or seller or merchant to accept dynamic card via online interface, web site, web page or application of said registered provider or seller or merchant for accessing dynamic card associate online e-commerce account or purchase account or user account for making said dynamic card holder's or user's or customer's purchase transaction(s) with said provider or seller or merchant.

15. A method according to claim 1 or 11 or 14, wherein utilizing contextual or related credits or lines of credit & offers provided by contextual or related provider or seller or merchant for making payments of purchased products and/or services by user or customer or dynamic card holder.

16. A method according to claim 1, wherein enabling provider or seller or merchant to provide real-time or on-demand or while purchasing or at the end of purchased products and services provide one or more type(s) of credits, lines of credit & offers to user or customer for purchasing of currently purchased products and/or services or purchase products and/or services in future based on provided one or more type(s) of credits, lines of credit & offers.

17. A method according to claim 1, wherein enabling provider or seller or merchant to monitor & track payments of users (dues & paid), view orders & invoices, sent notifications or alerts to users or customers in the events of late payment.

18. A method according to claim 1, wherein enabling user to make one source payments as per terms & conditions of one or more types of accepted credit lines & offers of one or more providers via one or more types of payment modes including pay via account, pay by other users on behalf of user, pay via credit or debit card, cash & net banking, pay by mobile and one or more other types of payment modes and any combination thereof.

19. A method according to claim 1, wherein enabling user to view orders, detail invoices, source wise or total payments dues, last payments & minimum payments, interest, dynamic card or online or offline e-commerce or purchase account detail statement. 20. A method according to claim 1, wherein enabling provider or seller or merchant to list one or more products and/or services with one or more types of credit lines & offers for users of network.

21. A method according to claim 1, wherein enabling user(s) or customer(s) to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of payments based on associate terms, conditions, agreements, policies, verification, validation, authentication, authorization, rules & schemes including credit limits, installments, loans, subsidy, grants, bonus, payment durations, minimum payments, associate interest, fees, charges & commission, subscriptions, gift, deals, sponsored or free or sample or trail products and/or services, vouchers, coupons, redeemable points, discounts, cash back, commission for reoffering products and/or services, bulk discount and associate free services & supports of seller.

22. A method according to claim 1, wherein enabling user(s) or customer(s) to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of auto payments and making auto payments for online or offline purchasing or advance ordering or group ordering of products and/or services and/or applications or digital contents or reserving of products & services to purchase within particular duration of/related to/ associate with/offer or listed or provided or sell by said provider or seller or merchant or affiliate via or on behalf of said provider or seller or merchant or affiliate.

23. A system comprises:

• provider(s) or seller(s) or merchant(s) is/are enable to determine, configure, approve, offer, update, upgrade & provide customized or personalized one or more types of lines of credit or credit & offers to/for one or more or group of users or customers;

• user(s) or customer(s) is/are enable to accept or decline or ignore said lines of credit & offers from one or more providers; and

· user(s) or customer(s) is/are enable to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of payments and making payments for online or offline purchasing of products and/or services and/or applications or digital contents of/related to/ associate with/offer or listed or provided or sell by said provider or seller or merchant or affiliate via or on behalf of said provider or seller or merchant or affiliate.

24. A system according to claim 23, wherein user and provider or seller or merchant is configure to register, update profile, verifies, validate & authenticate with server or network.

25. A system according to claim 23, wherein create or present account or e-commerce account or purchase account or dynamic card online account for user and provider or seller or merchant for managing one or more types of lines of credit & offers.

26. A system according to claim 23, wherein user and provider or seller or merchant is adapted to view updated scoring of lines of credit & offers or credit scoring of user(s).

27. A system according to claim 23, wherein user is enable to search, match, find, browse, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, categories directories or lists, referred, & suggested and send request to one or more or group(s) or set of providers or sellers or merchants to providing one or more types of lines of credit & offers to user or one or more referred or suggested or connected user(s) of user.

28. A system according to claim 23, wherein provider or seller or merchant is enable to search, match, find, import, browse, invite, sort, filter, rank, compare, add or update to prospective list & select, select from auto matched, bookmarked, invitation accepted, categories directories or lists, referred, & suggested one or more or group(s) or set of users or customers of network for determining, configuring, updating & providing customized or personalized one or more types of lines of credit & offers. 29. A system according to claim 23, wherein user is configure to view, select, clarify, make request or suggest to update, accept, decline, ignore, compare & negotiate one or more types of offered or presented lines of credit & offers from one or more providers or sellers or merchants. 30. A system according to claim 23, wherein user is enable to use or not use accepted one or more types of lines of credit & offers from one or more providers or sellers or merchants for purchasing online or offline products and/or services.

31. A system according to claim 23, wherein provider or seller or merchant is enable to determine & update one or more types of lines of credit & offers for one or more users or customers based on user's request, invitation accepted by user, regularity of payments to credit providers or sellers or merchants, past or frequent purchases & amount of purchases, advance orders, group orders, customer regularity or loyalty, location, behavior, social connections, profile including gender, age, qualification, associate with particular school, college or company & income range, user's connections or contacts, relationships, affiliations, kinships, references, trust, goodwill, name, contributions, tasks, works, sponsorships, advertisements, activities, transactions, contextual or similar purchases from other sources, credit score from credit bureaus, account based payment network's credit scores including total extended credits of user and any combination thereof.

32. A system according to claim 23, wherein provider or seller or merchant is enable to integrate pay via dynamic card or online e-commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for enabling online users or customers to make payment for purchased product(s) and/or service(s).

33. A system according to claim 23, wherein user is adapted to use & access pay via dynamic card or online e-commerce account or purchase account or account feature or function or button or link at online store, website, e-commerce web site or shopping cart, application, device & service for making payment of purchased product(s) and/or service(s).

34. A system according to claim 23, wherein issue dynamic card to registered users of network to enable user to purchase of products and/or services from offline stores, wherein dynamic card comprises user's online e-commerce or purchase account number, password, details required for making payments and other authentication information.

35. A system according to claim 34, wherein user is enable to use said issued dynamic card at one or more dynamic card accepted offline stores or merchants for making of payments for purchasing of products and/or services.

36. A system according to claim 23, wherein provider or seller or merchant is enable to accept dynamic card via online interface, web site, web page or application of said registered provider or seller or merchant for accessing dynamic card associate online e-commerce account or purchase account or user account for making said dynamic card holder's or user's or customer's purchase transact! on(s) with said provider or seller or merchant.

37. A system according to claim 23 or 33 or 36, wherein utilize contextual or related credits or lines of credit & offers provided by contextual or related provider or seller or merchant for making payments of purchased products and/or services by user or customer or dynamic card holder.

38. A system according to claim 23, wherein provider or seller or merchant is configure to provide real-time or on-demand or while purchasing or at the end of purchased products and services provide one or more type(s) of credits, lines of credit & offers to user or customer for purchasing of currently purchased products and/or services or purchase products and/or services in future based on provided one or more type(s) of credits, lines of credit & offers.

39. A system according to claim 23, wherein provider or seller or merchant is enable to monitor & track payments of users (dues & paid), view orders & invoices, sent notifications or alerts to users or customers in the events of late payment.

40. A system according to claim 23, wherein user is enable to make one source payments as per terms & conditions of one or more types of accepted credit lines & offers of one or more providers via one or more types of payment modes including pay via account, pay by other users on behalf of user, pay via credit or debit card, cash & net banking, pay by mobile and one or more other types of payment modes and any combination thereof.

41. A system according to claim 23, wherein user is enable to view orders, detail invoices, source wise or total payments dues, last payments & minimum payments, interest, dynamic card or online or offline e-commerce or purchase account detail statement.

42. A system according to claim 23, wherein provider or seller or merchant is adapted to list one or more products and/or services with one or more types of credit lines & offers for users of network.

43. A system according to claim 23, wherein user(s) or customer(s) is enable to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of payments based on associate terms, conditions, agreements, policies, verification, validation, authentication, authorization, rules & schemes including credit limits, installments, loans, subsidy, grants, bonus, payment durations, minimum payments, associate interest, fees, charges & commission, subscriptions, gift, deals, sponsored or free or sample or trail products and/or services, vouchers, coupons, redeemable points, discounts, cash back, commission for reoffering products and/or services, bulk discount and associate free services & supports of seller.

44. A system according to claim 23, wherein user(s) or customer(s) is configure to utilize said accepted lines of credit & offers of said provider(s) for making one or more types of auto payments and making auto payments for online or offline purchasing or advance ordering or group ordering of products and/or services and/or applications or digital contents or reserving of products & services to purchase within particular duration of/related to/ associate with/offer or listed or provided or sell by said provider or seller or merchant or affiliate via or on behalf of said provider or seller or merchant or affiliate.