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EcommerceBytes-NewsFlash, Number 2259 - April 06, 2010 - ISSN 1539-5065    3 of 4

BuySAFE Awarded Patent for Method of Safe Online Shopping

By Ina Steiner
April 06, 2010

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The U.S. Patent and Trademark Office awarded buySAFE a patent for a method of providing safe online transactions that include a third-party guarantee of merchant performance. BuySAFE's bonding solution ensures virtually risk-free online shopping through merchant inspection, monitoring and a broad third-party guarantee of performance.

BuySAFE, Inc. was awarded U.S. Patent Number 7,644,019 by the USPTO on January 5, 2010. The inventors were Steven L. Woda and Jeffrey E. Grass who have assigned full ownership rights in the patent to buySAFE, Inc.

"We filed the patent application almost seven years ago on April 23, 2003 and we're thrilled to finally have a positive outcome on our invention," said Jeff Grass, buySAFE's President & CEO. "BuySAFE's online bonding solution is uniquely special and this patent now broadly protects our solution for increasing trust, confidence and safety in online shopping via a safe transaction guarantee."

Additional information on the patent can be found on the USPTO website, and more information about buySafe's safe shopping service can be found on the buysafe website.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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