System and methods for authenticating and monitoring transactions

• US 20030195859A1
• Filed: 04/16/2002
• Published: 10/16/2003
• Est. Priority Date: 04/16/2002
• Status: Abandoned Application

• Current Assignee: Jason E. Lawrence
• Original Assignee: Jason E. Lawrence
• Inventors: Lawrence, Jason E.
• Application Number:
  US10/124,117
• Publication Number:
  US 20030195859A1
• Time in Patent Office: Days
• US Class Current: 705/75
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/401 Transaction verification

Abstract

Systems and methods for evaluating transactions. Various of the methods include providing a central control and receiving identification information associated with a user at the central control. In some cases, the identification information includes user contact information. In addition, a transaction request is received from a third party and matched to the user, and the user is alerted of the transaction request. Various systems include an interactive monitoring system that includes a central control coupled to a communication network. The central control includes a memory and a processor. Further, the memory includes instructions executable by the processor to receive contact information and account information related to a user, receive a transaction request including the account information from a third party, match the transaction request to the user, access the contact information associated with the user, and alert the user of the transaction request according to the contact information.

Claims

1. A method for evaluating transactions associated with one or more transaction systems, the method comprising:

providing a central control;

receiving identification information associated with a user at the central control, wherein the identification information includes contact information related to the user;

receiving a transaction request from a third party;

matching the transaction request to the user; and

alerting the user of the transaction request.

2. The method of claim 1, wherein the identification information further comprises account information associated with the user, and wherein the transaction request comprises the account information associated with the user.

3. The method of claim 2, the method further comprising:

receiving at least one notification parameter from the user at the central control, wherein the notification parameter at least in part controls the alerting the user of the transaction request.

4. The method of claim 3, wherein the notification parameter indicates a transaction limit, and wherein alerting the user of the transaction request is done at least in part based upon the transaction request satisfying the transaction limit.

5. The method of claim 2, wherein the account information is received from the user in a format that conceals the account, and is matchable to the user.

6. The method of claim 5, wherein the account information is further received from the third party in a format that conceals the account, and is matchable to the user.

7. The method of claim 2, wherein the account information is a social security identification number.

8. The method of claim 1, wherein alerting the user of the transaction request comprises providing an indication of a potential identity theft.

9. The method of claim 8, the method further comprising:

receiving a request from the user to limit the potential identity theft; and

providing a request to one or more entities associated with the user, wherein the request indicates that any further access to the entity in the name of the user should be at least limited.

10. The method of claim 1, wherein providing the transaction request to the user comprises communicating the transaction request across a communication network to a device identified by the user.

11. The method of claim 10, wherein the alerting the user of the transaction request comprises providing an acceptance request to the user, the method further comprising:

receiving a response to the acceptance request; and

based on the response, providing an authorization to the third party.

12. An interactive monitoring system, the system comprising:

a central control coupled to a communication network, wherein the central control comprises a memory and a processor; and

wherein the memory comprises instructions executable by the processor to;

receive contact information and account information related to a user;

receive a transaction request from a third party, wherein the transaction request comprises the account information;

match the transaction request to the user;

access the contact information associated with the user; and

alert the user of the transaction request according to the contact information.

13. The system of claim 12, wherein the memory further comprises instructions executable by the processor to:

receive at least one notification parameter associated from the user; and

access the notification parameter, wherein alerting the user of the transaction request is based at least in part on the notification parameter.

14. The system of claim 13, wherein the notification parameter comprises a transaction limit, and wherein the instructions to alert the user of the transaction request include instructions to alert the user where the transaction request exceeds the transaction limit.

15. The system of claim 12, wherein the account information is received in a format that conceals the account, and is matchable to the user, and wherein matching the transaction request to the user comprises matching the account information associated with the user to the account information received from the third party, while the account information remains concealed.

16. The system of claim 12, wherein the account information comprises a social security number of the user.

17. The system of claim 12, wherein the transaction request is a request to authorize use of a credit card.

18. The system of claim 17, wherein the central control is associated with a credit card processing system.

19. The system of claim 12, wherein the instructions to alert the user of the transaction request comprise instructions to identify a potential identity theft and to alert to the user of the potential identity theft.

20. The system of claim 12, wherein providing the transaction request to the user comprises providing an acceptance request to the user, and wherein the memory further comprises instructions executable by the processor to:

receive a response from the user to the acceptance request; and

based on the response, provide an authorization to the third party.

21. A method for authenticating a user in a financial transaction, the method comprising:

receiving identification information associated with a user at a central control, wherein the identification information includes contact information and account information related to the user;

receiving a transaction request from a third party, wherein the transaction request comprises the account information related to the user;

matching the transaction request to the user;

providing an acceptance request to the user;

receiving a response to the acceptance request; and

based at least in part on the response, providing an authorization to the third party.

22. The method of claim 21, wherein the response is predefined by the user, and maintained on the central control.

23. A method for detecting potential identity theft, the method comprising:

receiving at least contact information and a social security identification number related to a user at a central control;

receiving a transaction request from a third party, wherein the transaction request comprises the social security number related to the user;

matching the transaction request to the user; and

based at least in part on the transaction request, alerting the user of a potential identity theft.