System and method for securing transactions between buyer and credit authorizer
First Claim
Patent Images
1. A method for providing a secure transaction between a buyer and seller comprising the steps of:
- sending to a seller from the buyer an approval code;
matching the approval code received from the buyer with an approval code received from an authorization processor; and
confirming the transaction between buyer and seller if a match is made between the approval codes.
1 Assignment
0 Petitions
Accused Products
Abstract
A method and system allows a consumer to preauthorize charges to be billed using a consumer'"'"'s credit or debit card and prevent approval of charges that have not been preauthorized. The merchant/seller can verify that the charges have been preauthorized and ensure that charges did not result from use of stolen credit or debit card numbers. The method and system is applicable to purchases made over the Internet and made by normal voice telephone calls to a merchant.
-
Citations
17 Claims
-
1. A method for providing a secure transaction between a buyer and seller comprising the steps of:
-
sending to a seller from the buyer an approval code;
matching the approval code received from the buyer with an approval code received from an authorization processor; and
confirming the transaction between buyer and seller if a match is made between the approval codes. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A method for providing a secure transaction between a buyer and seller comprising the steps of:
-
receiving at a seller a transaction request from a buyer while also providing the seller an authorization code;
requesting by the seller an approval for the transaction request from an authorization processor;
returning to the seller an authorization code; and
approving the transaction request if the authorization codes match. - View Dependent Claims (12, 13, 14, 15, 16, 17)
-
Specification