Transaction security apparatus and method

• US 20020025797A1
• Filed: 09/10/2001
• Published: 02/28/2002
• Est. Priority Date: 08/08/1996
• Status: Active Grant

• Current Assignee: Joao Bock Transaction Systems, LLC (Raymond Anthony Joao)
• Original Assignee: Raymond Anthony Joao, Robert Richard Bock
• Inventors: Joao, Raymond Anthony, Bock, Robert Richard
• Granted Patent: US 7,096,003 B2
• Time in Patent Office: Days
• US Class Current: 455/406
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A transaction authorization, notification and/or security apparatus, which comprises a device for issuing an authorization request for a transaction, a device for processing the authorization request and for transmitting a first one of a signal, data and information in response to the authorization request and a communication device for receiving said first one of a signal, data and information transmitted by said processing device.

Claims

1. A transaction authorization, notification and/or security apparatus, which comprises:

a device for issuing an authorization request for a transaction;

a device for processing the authorization request and for transmitting a first one of a signal, data and information in response to the authorization request; and

a communication device for receiving said first one of a signal, data and information transmitted by said processing device.

2. The apparatus of claim 1, wherein said authorization request issuing device is at least one of a point-of-sale authorization device, a credit card authorization device, a charge card authorization device, a debit card authorization device, a currency card or “

smart”

card authorization device, a banking transaction terminal, a financial transaction computer, an automated teller machine authorization device, a cellular telephone, a cellular communication device and a cellular communication processing computer.

3. The apparatus of claim 1, wherein said communication device is one of a telephone signal receiving device, a beeper, a pager, a telephone, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communications device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a video telephone, an electronically equipped watch, a cellular telephone, a display cellular telephone and a facsimile machine.

4. The apparatus of claim 1, wherein said processing device further comprises:

a device for transmitting a second one of a signal, data and information to said authorization request issuing device.

5. The apparatus of claim 1, wherein said authorization issuing device further comprises:

a device for receiving said second one of a signal, data and information.

6. The apparatus of claim 1, wherein said communication device further comprises:

a device for transmitting one of a response signal, response data and response information in response to said first one of a signal, data and information.

7. The apparatus of claim 6, wherein said processing device further comprises:

a device for receiving said one of a response signal, response data and response information.

8. The apparatus of claim 1, wherein said processing device transmits said first one of a signal, data and information to at least one of a facsimile machine, a personal computer, a telephone, a telephone answering machine, an alternate telephone, an alternate telephone answering machine and a network computer, at least one of simultaneously and sequentially.

9. The apparatus of claim 1, wherein at least one of said authorization request issuing device, said processing device and said communication device is programmable.

10. The apparatus of claim 1, wherein said apparatus provides transaction authorization for at least one of a credit card transaction, a charge card transaction, a debit card transaction, a currency or “

smart”

card transaction, a savings account transaction, a checking account transaction, an automated teller machine account transaction, a cellular telephone transaction and an cellular communication device transaction.

11. The apparatus of claim 1, wherein said apparatus operates one of in real-time and with a time delay.

13. The apparatus of claim 12, wherein said authorization request issuing device is at one of a point-of-sale authorization device, a credit card authorization device, a charge card authorization device, a debit card authorization device, a currency card or “

smart”

card authorization device, a banking transaction terminal, a financial transaction computer, an automated teller machine authorization device, a cellular telephone, a cellular communication device and a cellular communication processing computer.

14. The apparatus of claim 12, wherein said communication device is one of a telephone signal receiving device, a beeper, a pager, a telephone, a two-way pager, a reply pager, a home computer, a personal computer, a personal communication device, a personal communication services device, a digital communications device, a television, an interactive television, a digital television, a personal digital assistant, a display telephone, a video telephone, an electronically equipped watch, a cellular telephone, a display cellular telephone and a facsimile machine.

15. The apparatus of claim 12, wherein said processing device further comprises:

a device for transmitting a second one of a signal, data and information to said authorization request issuing device.

16. The apparatus of claim 12, wherein said one of pre-defined criteria and pre-specified criteria comprises at least one of credit limits, one of lost, stolen and unauthorized use status of one of a credit, charge, debit, currency or “

smart”

card and account number corresponding thereto, authorized transaction type, authorized transaction limit, authorized one of vendor, seller and service provider, authorized geographic one of area and location, authorized one of goods and services, daily spending limits, financial transaction limit, authorized individual(s), authorized banks and/or financial institutions, authorized transaction times, limits of one of charge-back, returned item amount withdrawal, maintenance charge withdrawal and fee withdrawal, authorized access code, authorized phone numbers which may be called, authorized phone numbers from which calls may be received, authorized one of geographical area and location which may be called and/or accessed or from which calls may be received and authorized times of usage and authorized time limits of usage.

18. The method of claim 17, which further comprises the step of:

processing one of a reply and a response of the authorized individual.

19. The method of claim 18, further comprising the step of:

issuing a response to the authorization request.

20. The method of claim 17, wherein said processing step further comprises the step of:

processing the authorization request in conjunction with at least one of pre-defined criteria and pre-specified criteria.

12. A transaction authorization, notification and/or security apparatus, which comprises:

a device for issuing an authorization request for a transaction;

a device for processing the authorization request in conjunction with one of pre-defined criteria and pre-specified criteria and for transmitting a first one of a signal, data and information in response to the authorization request; and

a communication device for receiving said first one of a signal, data and information transmitted by said processing device, wherein said processing device transmits an authorization request reply one of signal, data and information to said authorization request issuing device.

17. A method for transaction authorization, notification and/or security, which comprises the steps of:

issuing an authorization request for a transaction;

processing the authorization request; and

notifying an authorized individual of the authorization request.