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.