System and method for verifying a financial instrument
First Claim
1. A method of verifying a customer'"'"'s authority to use a financial instrument, comprising:
- initiating one or more transactions using a financial instrument identified by a customer;
storing one or more attributes of said one or more transactions;
receiving a set of proffered attributes;
comparing said proffered attributes to said stored attributes; and
accepting use of the financial instrument by the customer if said proffered attributes match said stored attributes.
3 Assignments
0 Petitions
Accused Products
Abstract
A system and method for verifying a financial instrument or a user'"'"'s authorization to use a financial instrument. The system initiates one or more verifying transactions involving the instrument, with details that may vary from one transaction to another, such as the type of transaction (e.g., deposit, credit, debit), amount of the transaction, number of transactions, the merchant or vendor name or account for the transaction, and so on. Selected details, particularly variable ones are saved in the system. The user accesses information regarding the transaction, by accessing it on-line, via telephone, in a monthly statement, etc. The user then submits the requested details to the system, which compares them to the stored details. If they correspond, then the user may be allowed to use the instrument (e.g., for a purchase, a fund transfer).
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Citations
41 Claims
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1. A method of verifying a customer'"'"'s authority to use a financial instrument, comprising:
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initiating one or more transactions using a financial instrument identified by a customer;
storing one or more attributes of said one or more transactions;
receiving a set of proffered attributes;
comparing said proffered attributes to said stored attributes; and
accepting use of the financial instrument by the customer if said proffered attributes match said stored attributes. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer-implemented method of verifying a user'"'"'s authorization to use a financial account, comprising:
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receiving from a user information identifying a financial account;
initiating a series of transactions involving the financial account;
storing a first set of details of said series of transactions;
receiving a test set of details;
comparing said test set of details to said first set of details; and
if said first set of details corresponds to said test set of details, authorizing the user to conduct transactions using the financial account. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A method of verifying a credit card, comprising:
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receiving from a user an account number and a name identifying a credit card the user wishes to use as a source of funds;
initiating one or more transactions involving the credit card;
storing a first set of details of said transactions;
prompting the user to identify details of said transactions;
receiving from the user a second set of details; and
if said second set of details matches said first set of details, authorizing the user to use the credit card as a source of funds. - View Dependent Claims (26)
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27. A method of verifying a bank account, comprising:
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receiving from a user an account number and routing number identifying a bank account the user wishes to use as a source of funds;
initiating one or more transactions involving the bank account;
storing a first set of details of said transactions;
prompting the user to identify details of said transactions;
receiving from the user a second set of details; and
if said second set of details matches said first set of details, authorizing the user to use the bank account as a source of funds. - View Dependent Claims (28)
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29. A computer readable storage medium storing instructions that, when executed by a computer, cause the computer to perform a method of verifying a customer'"'"'s authority to use a financial instrument, the method comprising:
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initiating one or more transactions using a financial instrument identified by a customer;
storing one or more attributes of said one or more transactions;
receiving a set of proffered attributes;
comparing said proffered attributes to said stored attributes; and
accepting use of the financial instrument by the customer if said proffered attributes match said stored attributes.
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30. A system for verifying a user'"'"'s authorization to use an external financial account, comprising:
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a transaction processor configured to initiate one or more transactions involving an external financial account identified by a user;
a memory configured to store a first set of details of said transactions;
a user interface configured to receive a test set of details; and
a processor configured to compare said first set of details and said test set of details. - View Dependent Claims (31, 32, 33, 34, 35, 36, 37, 38)
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39. An apparatus for verifying a customer'"'"'s authority to use a financial instrument, comprising:
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means for receiving from a customer information identifying a financial instrument;
transaction means for initiating one or more transactions involving the financial instrument;
storage means for storing selected details of said one or more transactions;
interface means for receiving a confirmation set of details; and
comparison means for comparing said confirmation set of details to said selected details;
wherein the customer is deemed to have the authority to use the financial instrument if said confirmation set of details corresponds to said selected details. - View Dependent Claims (40, 41)
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Specification